802 Myrtle Avenue, Albany, NY 12208
MULTI_FAMILY - Other - Albany, NY
- Added:
- Jun 4, 2026
- Days on Market:
- 34
- Last Refresh:
- Jul 7 at 4:06 am
Property Features for 802 Myrtle Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 1
- Patio and Porch features
- Porch
- Fencing
- Chain Link
- Basement
- Walk-Out Access, Full
- Standard status
- Active
- APN
- 010100 64.67-3-8
- Size
- 2,460 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1935
- Number of units
- 4
- Flooring type
- Hardwood, Laminate, Tile
- Building materials
- Clapboard, Stucco
- Roof type
- Asphalt, Shingle, Slate
- Architectural style
- Other
Listing agent Sean Martin License #10401359018 (518) 932-5619
Listing office Venture Fox Realty Group LLC 2390 Western Ave, Guilderland, NY (518) 290-1070
Listing date Jun 4, 2026
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.
HighLights
- 1935‑built 4‑unit property
- Hardwood flooring reported throughout the units
- Each unit has its own gas and electric meter, plus a house meter
- Separate water heaters for each unit
- Public water and public sewer
- Roof includes asphalt/shingle/slate; heat is natural gas with hot water heating
Overview
The property is located at 802 Myrtle Avenue in Albany, NY 12208, within a Multi Residence zoning designation. Public remarks note proximity to hospitals, universities, restaurants, and entertainment, providing everyday tenant amenities and convenience.
From a tenant or owner-operator perspective, the combination of four separately metered units and available vacancies can reduce utility-sharing complexity and support flexible occupancy planning. With two vacant units, an owner has the option to occupy one while continuing to lease the remaining space, or to lease both vacant units to maintain full income potential. The property’s residential income structure and individualized systems make it suitable for buyers seeking a manageable multi-unit setup in Albany.
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 | $42.8k | $17.40 |
| − Vacancy | −$2.8k | −$1.13 |
| EGI | $40.0k | $16.27 |
| − OpEx | −$12.0k | −$4.88 |
| NOI | $28.0k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.78936
- Latitude
- 42.661835
