Two-Unit Duplex with
New
For Sale
$269,900
945 Myrtle Avenue, Albany, NY 12208
MultiFamily, Albany, NY
Property Size1,296 SF
Lot Size0.10 Acres
Price / SF$208.26
Days on Market5
Property Features for 945 Myrtle Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3
Parking
4
Parking features
Driveway, Garage, Off Street
Patio and Porch features
Porch, Patio
Interior features
Paddle Fan
Fireplace
1
Basement
Full, Unfinished
Lot features
Level, Landscaped, Cleared
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Western Avenue to South Manning, Left on Myrtle Ave
Standard status
Active
APN
010100 64.58-2-8
Size
1,296 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
3980
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1930
Number of units
2
Flooring type
Wood
Building materials
Aluminum Siding
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Kellie Kieley Realty LLC
(518) 225-0454
Listed By:
Lisa Simeone · License #10301208736
(518) 423-1543
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 10:06PM
MLS# 202628933
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.
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Investment Insights
Based on property information with market context.
This 1,296-square-foot duplex contains two residences on a 0.1-acre parcel. The first unit has two bedrooms, a full bathroom, an updated kitchen, and a living room that connects to a formal dining room. High ceilings, hardwood floors, archways, and radiator heat add character. The second residence includes a bedroom, an updated full bath, a working kitchen, and a spacious living room. Built in 1930, the property also has a fireplace and aluminum siding.
A covered front porch, rear patio, driveway, and two-car garage provide outdoor and vehicle space. Restaurants, pubs, grocery stores, gas stations, and a bus line are nearby, along with Ridgefield Park and Buckingham Lake. Public water and sewer are available, and cable service is listed as available.
A covered front porch, rear patio, driveway, and two-car garage provide outdoor and vehicle space. Restaurants, pubs, grocery stores, gas stations, and a bus line are nearby, along with Ridgefield Park and Buckingham Lake. Public water and sewer are available, and cable service is listed as available.
Key Highlights
- Legal two‑family property with two separate residences
- 1,296 square feet on a 0.1‑acre parcel
- First unit has two bedrooms; second unit has one bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,759
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
$295.2K
Cap Rate 7%
$210,843
$210.8K
Cap Rate 9%
$163,989
$164.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$22.6K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$21.1K $16.27/SF
− OpEx
−$6.3K −$4.88/SF
NOI
$14.8K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
Cap Rate 7%
$210,843
Cap Rate 9%
$163,989
Alternative Uses
Best Use
Multifamily LT 5
$210.8K
$184.5K – $246.0K
NOI $14,759 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$189.1K
$165.5K – $220.6K
NOI $13,238 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$341.9K
$299.2K – $398.9K
NOI $23,935 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
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Business Placement
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer distinct layouts, with outdoor areas and off-street parking serving the property.
Where is this duplex located?
The property is located at 945 Myrtle Avenue Albany, NY.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Legal two‑family property with two separate residences; 1,296 square feet on a 0.1‑acre parcel; First unit has two bedrooms; second unit has one bedroom
