538 Myrtle Avenue, Albany, NY 12208, Albany

$ 439,000
538 Myrtle Avenue, Albany, NY 12208,

Overview

  • Updated On:
  • October 27, 2025
  • 566215
  • Property ID
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2,216 ft2
  • Property Size

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.

Address: 538 Myrtle Avenue, Albany, NY 12208
City:
State/County:
Zip: 12208
Country: United States

Property Id: 566215
Price: $ 439,000
Property Size: 2,216 ft2
Property Lot Size: 0 ft2
Bedrooms: 5
Bathrooms: 5
Listed By: Samantha M Curry
ListAgentDesignation: Accredited Buyer's Representative / ABR,Resort & Second-Home Property Specialist / RSPS
Listing Agent Email: Samantha@newscotlanddev.com
Listing Brokerage: New Scotland Realty

Other Features
Has Heating System
None

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

$ 2,250.84
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,702.09

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