538 Myrtle Avenue, Albany, NY 12208 (MLS# 202526539)

$410,000
538 Myrtle Avenue
Albany, NY 12208
MLS# 202526539
Status: Closed
5 beds
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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.

Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 459900
Sold Price: $410,000
Current Price: $410,000
Listing Contract Date: 2025-09-24
List Price/SqFt: 191.79
Location
Street Number: 538
Street Name: Myrtle
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12208
City/Town (Mail): Albany
Geo Lat: 42.656412
Geo Lon: -73.779895
Property Detail
Number Of Units Total: 5
Rooms Total: 20
Bedrooms Total: 5
Bathrooms Full: 5
Year Built: 1930
Above Grade Finished Area: 2216
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 2216
Lot Size Acres: 0.09
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Status Change Info
Status Change Date: 2026-05-15
Under Contract Date: 2026-03-26
Sold Date: 2026-04-23
Sold Price: $410,000
Sold Price/SqFt: 185.02
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 3rd
Photos - the contractual owner of the photos
Photo Owner: Broker
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3rd
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: Finished
Basement: Full
Construction Materials: Stucco
Cooling: None
Exterior Features: None
Flooring: Carpet; Hardwood
Foundation Details: Concrete Perimeter
Heating: Natural Gas; Radiant
Possession: At Closing
Roof: Asphalt
Separate Utilities: Not Separated
Sewer: Public Sewer
Showing Requirements: Agent to Accompany
Special Listing Conditions: Standard
Water Source: Public
IDX
Listing Courtesy of New Scotland Realty
Listing Agent: Samantha M Curry
603-209-1976 | Samantha@newscotlanddev.com
Source MLS Verified

Information deemed reliable but not guaranteed.

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