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157 Myrtle Ave
Albany NY 12202 US

$425,000

Active Listing ID 11651340
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8 bed
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2.00 Bath (2 Full)
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Lot: 0.05 Acres
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Other

$425,000

Active Listing ID 11651340
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157 Myrtle Ave [Video Tour available!] Well-maintained and recently renovated 2-unit home 2 blocks from Lincoln Park. Owner occupy and go to the park every day. Or set it and forget it as a hassle-free solid investment property. The building requires no upgrades or maintenance as it is. Solid existing tenant and Unit 2 can either be rented out or owner occupied. Sellers looking for clean, easy deal. Hardwood floors throughout. Fabulous bay windows for each unit. Tall ceiling height. 2 staircases, both front and back. Renovated in 2023, Brand new roof. New appliances, including 2 sets of refrigerator, stove, dishwasher, washer, dryer. New interior paint, light fixtures, bathroom fixtures, mini split system. New retaining wall for backyard. New exterior paint. Separate utilities, tenants pay their own heating / electricity. All heating is electric, mix of baseboard and mini splits. Mini splits and baseboards are all in good working order. Unit 1 responsible for snow. Landlord pays water/sewer. Unit 2 Vacant for owner occupy, or rent it out for $2, 000+/mo easy. Street parking. Separate water heaters, replaced in 2023. TOTAL EXPENSES $7, 385 [Yearly expenses breakdown: Property tax $4, 763; Insurance $1, 722 ; Water $600 ; Snow & Grass $300] CURRENT INCOME: $23, 568/yr (Unit 1 - $1, 964/mo , Unit 2 Vacant) PROFORMA ICOME : $47, 658/yr (Unit 1 - $1, 964/mo , Unit 2 - $2, 000/mo) PROFORMA CAP RATE @ $425, 000 price = 9.5% Drive-bys okay, please do not disturb tenants. Contact listing agent for group showing info or video tour.

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Property Features

  • Facts
  • Lot Size: 0.05 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 2
  • Floor Covering: Hardwood
  • Roof Type: Flat, Rubber
  • Heating Fuels: Baseboard, Electric (Heating), Forced Air, Heat Pump (Heating), Natural Gas

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 425000
  • unparsedaddress: 157 Myrtle Ave
  • postalcity: Albany
  • stateorprovince: NY
  • country: US
  • postalcode: 12202
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.05
  • lotsizeunits: Acres
  • lotsizearea: 0.05
  • livingarea: 2172
  • livingareaunits: Square Feet
  • latitude: 42.648693
  • longitude: -73.765537
  • listagentfullname: Cem Manisali
  • listagentemail: cem@manisalirealty.com
  • listagentkey: 3yd-NYSMLS-251276
  • listagentmlsid: 251276
  • listagentpreferredphone: 2025400671
  • listofficekey: 3yd-NYSMLS-28873
  • listofficemlsid: 28873
  • disclaimer: Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • yearbuilt: 1913
  • yearbuilteffective: 1913
  • listingcontractdate: 2026-02-10
  • countyorparish: Albany
  • parcelnumber: 000000-076.000-0002-030.000
  • appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • flooring: Hardwood
  • heating: Baseboard, Electric (Heating), Forced Air, Heat Pump (Heating), Natural Gas
  • numberofunitstotal: 0
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Garage
  • roof: Flat, Rubber
  • view: City, Park
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Living Room
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -73.76553, 42.648693
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"MANISALI SERVICES LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"cem@manisalirealty.com", "ListBrokerageCity":"BEACON", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"MANISALI SERVICES LLC", "ListBrokeragePhone":null, "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"135 MAIN ST", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"135 MAIN ST", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"BEACON", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"12508", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Unit (2-4) - Albany, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/157-Myrtle-Ave_Albany_NY_12202_M37965-77686?f=listhub&s=NYSMLS&m=11651340&c=rexren", "MLSModificationTimestamp":"2026-02-15T02:20:52Z", "Neighborhoods":[{"Description":null, "Name":"Capitol Hill"}], "PostalCode":null, "RawPropertySubType":"Multi-Unit (2-4)", "RawPropertyType":"Multi-Unit (2-4)", "RoomCount":12, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4763, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/15/2026 5:06:01 AM GMT
Source Updated Date: 2/21/2026 1:11:41 PM GMT

Courtesy of: Cem Manisali, MANISALI SERVICES LLC, cem@manisalirealty.com

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.