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Multifamily Property Near Albany Med

443 Myrtle Avenue Albany, NY 12208

443 Myrtle Avenue, Albany, NY, 12208

$349,900

For Sale

$349,900

Multifamily property with strong rental history near Albany Med.

Property Size2,040 SF

Price / SF$171.52

AddedMay 21

Days on Market56

Last RefreshMay 27 at 12:48 pm

Property Features for 443 Myrtle Avenue

General Information

Standard status: Active
Size: 2,040 SF
Property subtype: Multi Family / Duplex

Building Details

Year Built: 1928

Listing office RE/MAX Solutions

Listing date May 21, 2026

Source Compass

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 RE/MAX Solutions

Investment Insights

Based on property information with market context.

This multifamily property offers potential for both owner-occupants and investors. It is located within walking distance of Albany Medical Center, shopping, and other amenities. The property has a strong rental history and includes off-street parking. Each apartment has access to separate laundry rooms located in the basement. A large walk-up attic provides additional storage space. The property is 2,040 square feet. Both apartments are currently occupied, generating a total monthly rental income of $3,350.

Key Highlights

Tremendous rental history with $3,350 total monthly income.
Walking distance to Albany Med, shopping, and more.
Off‑street parking.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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

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For sale
Duplexes
NY
Albany
12208
443 Myrtle Avenue

What type of property is this?

Duplex - Multifamily property with strong rental history near Albany Med.

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: Tremendous rental history with $3,350 total monthly income.; Walking distance to Albany Med, shopping, and more.; Off‑street parking.