Albany Income-Producing Brownstone Duplex

43 Myrtle Avenue, Albany, NY 12202

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Pending

$369,900

MULTI_FAMILY - Albany, NY

Property size:

2,376 SF

Lot size:

0.06 Acres

HighLights

Income‑producing duplex brownstone with a 3‑bedroom, 2‑bath main residence plus a 1‑bedroom, 1‑bath garden apartment
Currently operated as mid‑term rentals for professionals, with approximately $55,000 in annual rental income
On a double lot with a unique two‑car parking lot
Year built: 1880; heating: baseboard; water source: public
Fully furnished and maintained; main floor currently left vacant for showings (furniture left for new owner at additional cost)
Total layout includes 4 bedrooms and 3.5 bathrooms (3 full bathrooms listed plus a half‑bath not specified beyond Bedroom/Bathroom entries)

We can help!

Contact an agent

Stela Koeva

Pending

$369,900

MULTI_FAMILY - Albany, NY

Property size:

2,376 SF

Lot size:

0.06 Acres

Added:: May 29, 2026
Days on Market:: 39
Last Refresh:: Jul 6 at 11:06 am

Property Features for 43 Myrtle Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 3
Rooms: Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 3
Parking: 2
Basement: Apartment
Standard status: Pending
APN: 010100 76.49-1-87
Size: 2,376 SF
Lot size: 0.06 Acres

Taxes and HOA fees

Tax Annual Amount: 5417

Utilities

Heating system: Baseboard
Water source: Public

Building Details

Year built: 1880
Number of units: 2

We can help!

Contact an agent

Stela Koeva

Listing agent Stela Koeva License #10401345420

Listing office Real Broker NY LLC 401 Park Avenue S 10th Fl, New York, NY

Listing date May 29, 2026

MLS# 202618381 Listing URL

HighLights

Income‑producing duplex brownstone with a 3‑bedroom, 2‑bath main residence plus a 1‑bedroom, 1‑bath garden apartment
Currently operated as mid‑term rentals for professionals, with approximately $55,000 in annual rental income
On a double lot with a unique two‑car parking lot
Year built: 1880; heating: baseboard; water source: public
Fully furnished and maintained; main floor currently left vacant for showings (furniture left for new owner at additional cost)
Total layout includes 4 bedrooms and 3.5 bathrooms (3 full bathrooms listed plus a half‑bath not specified beyond Bedroom/Bathroom entries)

Overview

This income-producing brownstone is located in Albany's historic Mansion Neighborhood. The property is a duplex featuring a main residence with 3 bedrooms and 2 full bathrooms, and a garden apartment with 1 bedroom and 1 bathroom. Tasteful updates and renovations have been made, adding modern finishes throughout. The property is fully furnished and meticulously maintained. Currently operated as mid-term rentals catering to professionals, the property generates an annual rental income of approximately $55,000. Situated on a 0.06-acre double lot, the property includes a two-car parking lot. The main floor is currently vacant for showings, and furniture will be left for the new owner at additional cost. The property size is 2,376 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$41.3k	$17.40
− Vacancy	−$2.7k	−$1.13
EGI	$38.7k	$16.27
− OpEx	−$11.6k	−$4.88
NOI	$27.1k	$11.39

2,376 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$386.6K

$338.2K – $451.0K (±1% cap)

NOI $27,059 @ 7.0% cap · market cap 7.32%

Second Best

Apartment 5plus

$346.7K

$303.4K – $404.5K (±1% cap)

NOI $24,270 @ 7.0% cap · market cap 6.56%

Theoretical Best

Office A

$626.9K

$548.5K – $731.3K (±1% cap)

NOI $43,880 @ 7.0% cap · market cap 11.86%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.759978
Latitude: 42.645555

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For sale
Duplexes
NY
Albany
12202
43 Myrtle Avenue

What type of property is this?

Duplex - Meticulously maintained duplex in Albany's historic Mansion Neighborhood.

Where is this duplex located?

The property is located at 43 Myrtle Avenue Albany, NY.

What is the asking price?

The asking price for this property is $369,900.

What are key features of this property?

This property features: Income‑producing duplex brownstone with a 3‑bedroom, 2‑bath main residence plus a 1‑bedroom, 1‑bath garden apartment; Currently operated as mid‑term rentals for professionals, with approximately $55,000 in annual rental income; On a double lot with a unique two‑car parking lot

43 Myrtle Avenue, Albany, NY 12202

MULTI_FAMILY - Albany, NY

Property Features for 43 Myrtle Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Light-Industrial Warehouse with Office

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

FAQs