Brick Triplex with Updated
210 Myrtle Avenue Albany, NY 12202
210 Myrtle Avenue, Albany, NY, 12202
$329,900
For Sale
$329,900
Brick triplex with two 1-bedroom units and one 3-bedroom unit, featuring recent HVAC, roof, electric, and window updates.
Property Size2,428 SF
Price / SF$135.87
Days on Market11
Property Features for 210 Myrtle Avenue
General Information
- Standard status
- Active
- Size
- 2,428 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Miranda Real Estate Group Inc
Listed by
Christine M Serafini
(518) 639-4663
Source
Signatureonerealtygroup
Added: Jul 12 Updated: Jul 22 at 1:41AM Checked: Jul 22 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miranda Real Estate Group Inc
Investment Insights
Based on property information with market context.
This brick triplex offers two 1-bedroom units on the first floor and a spacious 3-bedroom unit on the second floor. The home includes updated kitchens and baths, along with hardwood floors, classic woodwork, and bay windows. Separate utilities are set up so tenants pay heat and hot water, and one 1-bedroom unit is currently rented while the other two units are vacant and have been freshly presented.
Recent major updates completed within the last four years include new HVAC, a new roof, electrical work, and some replacement windows. The current leased unit is noted at $1,075 per month, and the public remarks estimate gross potential income at $4,175 per month.
Overall, the property is configured as a straightforward, multi-unit income building with an owner-occupant layout possible given the mix of unit sizes and utility separation.
Recent major updates completed within the last four years include new HVAC, a new roof, electrical work, and some replacement windows. The current leased unit is noted at $1,075 per month, and the public remarks estimate gross potential income at $4,175 per month.
Overall, the property is configured as a straightforward, multi-unit income building with an owner-occupant layout possible given the mix of unit sizes and utility separation.
Key Highlights
- Brick triplex with 2 first‑floor 1‑bedroom units and 1 second‑floor 3‑bedroom unit
- Major updates within the last 4 years: new HVAC, roof, electric, and some replacement windows
- Separate utilities with tenants paying heat and hot water
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 | $42.2k | $17.40 |
| − Vacancy | −$2.7k | −$1.13 |
| EGI | $39.5k | $16.27 |
| − OpEx | −$11.9k | −$4.88 |
| NOI | $27.7k | $11.39 |
2,428 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.0K
$345.6K – $460.9K
NOI $27,651 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$354.3K
$310.0K – $413.4K
NOI $24,802 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$640.6K
$560.5K – $747.3K
NOI $44,840 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Brick triplex with two 1-bedroom units and one 3-bedroom unit, featuring recent HVAC, roof, electric, and window updates.
Where is this triplex located?
The property is located at 210 Myrtle Avenue Albany, NY.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Brick triplex with 2 first‑floor 1‑bedroom units and 1 second‑floor 3‑bedroom unit; Major updates within the last 4 years: new HVAC, roof, electric, and some replacement windows; Separate utilities with tenants paying heat and hot water
