538 Myrtle Avenue Albany, NY ^$ 430,000

538 Myrtle Avenue

^$ 430,000

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538 Myrtle Avenue

Albany, NY, 12208

^$ 430,000

Bedrooms5 Baths5.0 Sq 2,216

Monthly Estimate*

^$ 2,683

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Multi-Family Home for sale in Albany, NY

for $430,000 with 5 bedrooms and 5 full baths. This 2,216 square foot home was built in 1930 on a lot size of 0.09.

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.

Multi-Family Active

Price

^$ 430,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 8,881

Style

Apartment 4 Plus Unit

Lot Size

0.09

Year Built

1930

Town/City

Albany

County/Region

Albany

MLS | Web ID

202526539

Features

General

Sewer Public Sewer

Heating Radiant Natural Gas

Cooling None

Possession At Closing

Roof Asphalt

Garage Spaces 0.0

Architectural Style Apartment 4 Plus Unit

Construction Materials Stucco

Year Built 1930

Property Subtype Multi Family

County Albany

New Construction N

Property Type MultiFamily

HOA N

Full Baths 5

Status Active

Directions Turn left onto Partridge St. Turn left onto Myrtle Ave. Continue to 538 Myrtle Ave which will be on the right.

High School Albany

City Albany

High School District Albany

Number Of Units Total 5

Lot Size Units Acres

Lot Size Square Feet 3920.4

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 8881.6

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 0

Interior

Basement Full

Flooring Carpet Hardwood

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Above Grade Finished Area 2216.0

Half Baths 0

Total Bedrooms 5

Below Grade Finished Area 0.0

Below Grade Finished Area Source CRS

Above Grade Finished Area Source CRS

Total Baths 5

Exterior

Exterior Amenities None

Water Source Public

Lot Size Area 0.09

Foundation Details Concrete Perimeter

Spa N

Lot Size Acres 0.09

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 538

* Excluded Features

List By

Samantha Curry

Listing Agent

New Scotland Realty

Broker

(603) 209-1976

Phone

Samantha@newscotlanddev.com

Affordability Calculator

$3,423

Per Month

Monthly Principal & Interest: $2,683
Monthly Property Taxes: $740
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Albany, NY

Average List Price ^$461,619

Percent of Sale Price 7%

About Albany, NY

99,338 Population

4% Since 2002

^$44,478 Median Income

33.63 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

853463 Elementary School

853351 Middle School

Albany High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/12/2025	$430,000	-2.05%	Price Down
10/27/2025	$439,000	-4.54%	Price Down
9/24/2025	$459,900		Listed Price

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538 Myrtle Avenue, Albany, NY, 12208 is a Multi-Family Home for sale at $430,000 with 2,216 sqft and a lot size of 0.09. 538 Myrtle Avenue has 5 bedrooms, 5.0 baths, and was built in 1930. The property's zip code is 12208 which is in Albany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 12/25/2025.

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538 Myrtle Avenue

Multi-Family Home for sale in Albany, NY

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