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538 Myrtle Avenue, 
Albany, NY 12208

$459,900


5

Beds


5

Baths


2,216

Sq Ft


Multi-Family

Active

Listed by

Samantha M Curry

New Scotland Realty

518-964-2066

Last updated:

September 29, 2025, 03:40 PM

MLS#

202526539

Source:

Global MLS

About This Home

538 Myrtle Avenue

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 solid 8.71% cap rate with upside potential to 9.97%, making it an excellent choice for investors seeking both cash flow and growth.

Home Facts

Multi-Family

5 Baths

5 Bedrooms

Built in 1930

Price Summary

459,900

$207 per Sq. Ft.

MLS #:

202526539

Last Updated:

September 29, 2025, 03:40 PM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5

Interior

Living Area:

2,216 Sq. Ft.


Structure

Structure

Architectural Style:

Apartment 4 Plus Unit

Building Area:

2,216 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

3,920


Finances & Disclosures

Finances

Price:

$459,900

Price per Sq. Ft:

$207 per Sq. Ft.

Source:Global MLS
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2025 Global MLS All rights reserved.

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