$430,000

538 Myrtle Avenue, Albany, NY 12208

  • 5 beds |
  • 5 baths |
  • 2,216 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $194/sqft
  • Property List Date Icon 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
  • Basement: Full
  • Flooring: CarpetHardwood
  • A/C: None
  • Heating: Radiant
  • 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 $

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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

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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