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.
Closed
$410,000
538 Myrtle Avenue, Albany, NY 12208
5beds
2,216sqft
Multi Family, Apartment
Built in 1930
-- sqft lot
$413,700 Zestimate®
$185/sqft
$2,184 Estimated rent
Home value
$413,700
$356,000 - $480,000
$2,184/mo
Zestimate® history
Owner options
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$2,184/mo
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$2,184/mo
Rent Zestimate®
Refinance and save
$2,755/mo
Est. payment
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$2,755/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Samantha M Curry 603-209-1976,
New Scotland Realty
Bought with:
David Gerth, 10401400955
Reiser Realty
Source: Global MLS,MLS#: 202526539
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Radiant, Natural Gas
Cooling
- None
Features
- Flooring: Carpet, Hardwood
- Basement: Full
Interior area
- Total structure area: 2,216
- Total interior livable area: 2,216 sqft
- Finished area above ground: 2,216
- Finished area below ground: 0
Property
Features
- Exterior features: None
Lot
- Size: 3,920 sqft
Details
- Parcel number: 010100 65.77248
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Albany
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Sold | $410,000-3.5%$185/sqft |
Source:  Global MLS #202526539 Report a problem | ||
| 3/26/2026 | Pending sale | $425,000$192/sqft |
Source: Global MLS #202526539 Report a problem | ||
| 2/19/2026 | Price change | $425,000-1.2%$192/sqft |
Source: Global MLS #202526539 Report a problem | ||
| 1/15/2026 | Listing removed | $1,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/31/2025 | Price change | $1,200-4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Price change | $430,000-2.1%$194/sqft |
Source: Global MLS #202526539 Report a problem | ||
| 12/2/2025 | Price change | $1,250-2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/27/2025 | Price change | $1,275-5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/19/2025 | Listed for rent | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/6/2025 | Listing removed | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/5/2025 | Listed for rent | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/27/2025 | Price change | $439,000-4.5%$198/sqft |
Source: Global MLS #202526539 Report a problem | ||
| 9/24/2025 | Listed for sale | $459,900+4.5%$208/sqft |
Source: Global MLS #202526539 Report a problem | ||
| 2/13/2024 | Listing removed | -- |
Source: Global MLS #202311031 Report a problem | ||
| 11/22/2023 | Price change | $440,000-5.4%$199/sqft |
Source: Global MLS #202311031 Report a problem | ||
| 7/17/2023 | Price change | $465,000-6.1%$210/sqft |
Source: Global MLS #202311031 Report a problem | ||
| 5/11/2023 | Price change | $495,000-2%$223/sqft |
Source: Global MLS #202311031 Report a problem | ||
| 3/30/2023 | Price change | $505,000-3.8%$228/sqft |
Source: Global MLS #202311031 Report a problem | ||
| 1/26/2023 | Listed for sale | $525,000+54.4%$237/sqft |
Source: Global MLS #202311031 Report a problem | ||
| 10/4/2018 | Sold | $340,000$153/sqft |
Source: Global MLS #201820184 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Pine Hills
Nearby schools
GreatSchools rating
- 6/10New Scotland Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10William S Hackett Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Albany High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- High: Albany
Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Albany County
- Albany
- 12208
- Pine Hills
- 538 Myrtle Avenue
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Albany Topics
