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538 Myrtle Avenue, Albany, NY 12208

Albany
Local realty services provided by:CENTURY 21 North East
538 Myrtle Avenue,Albany, NY 12208
$425,000
Virtual Tour
  • 5 Beds
  • 5 Baths
  • 2,216 sq. ft.
  • Multi-family
  • Active
Listed by: samantha m curry
Office: new scotland realty
MLS#:202526539
Source:Global MLS

Price summary

  • Price:$425,000
  • Price per sq. ft.:$191.79

About this home

Rare opportunity to own a 5-unit property in the heart of Pine Hills! Each unit is a 1-bedroom/1-bath efficiency with all utilities included, making it highly attractive to tenants. Just 1 mile from Albany Med and 1 mile from Washington Park, the location offers consistent rental demand and walkability to key amenities. This property delivers a rare 9% cap rate with upside potential to 10%+, making it an excellent choice for investors seeking both cash flow and growth.

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Home facts

  • Year built:1930
  • Listing ID #:202526539
  • Added:169 day(s) ago
  • Updated:March 09, 2026 at 02:27 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Full bathrooms:5
  • Flooring:Carpet, Hardwood
  • Basement Description:Full
  • Living area:2,216 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Radiant

Structure and exterior

  • Roof:Asphalt
  • Year built:1930
  • Building area:2,216 sq. ft.
  • Lot area:0.09 Acres
  • Architectural Style:Apartment 4 Plus Unit
  • Construction Materials:Stucco
  • Foundation Description:Concrete Perimeter

Schools

  • High school:Albany

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$191.79
  • Tax amount:$8,881
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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