$430,000
538 Myrtle Avenue, Albany, NY 12208
- 5 beds |
- 5 baths |
- 2,216 sqft
Multi-Family Home
Built in 1930
3,920sqft lot
—— car garage
$194/sqft
Listed 3 months ago
Property Description
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.
- Listing Status:
- Active
- Date Added:
- September 24, 2025 at 05:00AM
- Listing Office:
- New Scotland Realty : 518-964-2066
- Listing Agent:
- Samantha M Curry : 603-209-1976
- MLS ID:
- 202526539
- General: None
- Style: Apartment 4 Plus Unit
- Roofing: Asphalt
- General: StuccoConcrete Perimeter
- Originating MLS: Global MLS
- School District: Albany
- County: Albany
- Zoning: 010100 65.77-2-48
- Water: Public
- Sewer: Public Sewer
- Source: Global MLS
This listing courtesy of Samantha M Curry, New Scotland Realty
Monthly Payment
$Est. Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
N
New Scotland Elementary School
385 New Scotland Ave, Albany, NY, 12208
Grades PK-5
0.67 miles away
W
William S. Hackett Middle School
45 Delaware Ave, Albany, NY, 12202
Grades 6-8
0.68 miles away
A
Albany High School
700 Washington Ave, Albany, NY, 12203
Grades 9-12
0.70 miles away

