Bought with David Gerth • Reiser Realty
$410,000
$425,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
538 Myrtle Avenue Albany, NY 12208
5 Beds
5 Baths
2,216 SqFt
Key Details
Sold Price $410,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,216 sqft
Price per Sqft $185
MLS Listing ID 202526539
Bedrooms 5
Full Baths 5
Year Built 1930
Annual Tax Amount $8,881
Lot Size 3,920 Sqft
Property Sub-Type Multi Family
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.
Location
State NY
County Albany
Interior
Heating Radiant, Natural Gas
Flooring Carpet, Hardwood
Exterior
Exterior Feature None
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Schools
School District Albany
Others
Special Listing Condition Standard
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