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    Albany Multifamily Property Near Amenities

    443 Myrtle Avenue Albany, NY 12208

    443 Myrtle Avenue, Albany, NY, 12208
    $349,900
    Pending
    For Sale
    Claim this Listing
    $349,900
    Pending

    MULTI_FAMILY - Other - Albany, NY

    Property Size2,040 SF
    Lot Size0.07 Acres
    AddedMay 21
    Days on Market56
    Last RefreshJul 15 at 6:06 am

    Property Features for 443 Myrtle Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2, Laundry Room
    Parking
    4
    Basement
    Unfinished, Full
    Standard status
    Pending
    APN
    76.22-2-56
    Size
    2,040 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5573

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1928
    Number of units
    2
    Flooring type
    Vinyl, Tile, Carpet
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    Listing agent Jonathan Lanahan License #10401298349

    Listing office RE/MAX Solutions 112 N Greenbush Rd Suite C, Clifton Park, NY

    Listing date May 21, 2026

    MLS# 202617805 Listing URL

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This multifamily property is suitable for either an owner occupant or an investor. It is located within walking distance of Albany Medical Center and shopping areas. The property has a history of strong rental performance. It includes off-street parking and separate laundry rooms for each apartment in the basement. A large walk-up attic provides additional storage space. Both apartments are currently occupied, generating a total rent of $3,350 per month. The property size is 2,040 square feet, situated on a lot of 0.07 acres.

    Key Highlights

    • Built in 1928 with vinyl siding exterior and an asphalt roof
    • Public water and public sewer; natural gas hot water heating
    • Flooring includes vinyl, tile, and carpet

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $35.5k $17.40
    − Vacancy −$2.3k −$1.13
    EGI $33.2k $16.27
    − OpEx −$10.0k −$4.88
    NOI $23.2k $11.39
    2,040 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $331.9K
    $290.4K – $387.2K (±1% cap)
    NOI $23,232 @ 7.0% cap · market cap 6.64%
    Second Best
    Apartment 5plus
    $297.7K
    $260.5K – $347.3K (±1% cap)
    NOI $20,838 @ 7.0% cap · market cap 5.96%
    Theoretical Best
    Office A
    $538.2K
    $470.9K – $627.9K (±1% cap)
    NOI $37,675 @ 7.0% cap · market cap 10.77%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Auto Parts Store HVAC Service Kitchen & Bath Showroom Skin Care Clinic Building Supply Electrical Service Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Multifamily property near Albany Med, shopping, with rental income.
    Where is this duplex located?
    The property is located at 443 Myrtle Avenue Albany, NY.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Built in 1928 with vinyl siding exterior and an asphalt roof; Public water and public sewer; natural gas hot water heating; Flooring includes vinyl, tile, and carpet
    Contact an agent
    (315) 749-8596
    We can help!
    Contact an agent
    Jonathan Lanahan
    Real Estate License ID: 10401298349
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