157 Myrtle Ave, Albany, NY, 12202
About This Home
[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.
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1913
Materials
- Roof: Flat,Tar
Notable Dates
- Major remodel year: 2022
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Refrigerator,Microwave,Oven,Washer,Stainless Steel Appliances
Basement
- Area: 1100
Basement
- Has basement: Yes
- Basement: Unfinished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Hardwood
- Finished area above ground: 2,172
Heating
- Heating features: Electric,Gas,Baseboard,Forced Air,Heat Pump
Interior Area
- Total structure area: 3,272
- Total interior livable area: 2,172 sqft
Property
Details
- Parcel number: 000000076.0000002030.000
- Lease amount: 0
Features
- Stories: 2
- Has view: Yes
- View description: City,Park,Street
Lot
- Lot size: 2,178 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
No climate risk data available.
How This Home’s Risks Compare
FEMA Declared Disasters in Albany County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,017 | $24,204 |
| Home Insurance * | $281 | $3,372 |
| Property Taxes | $565 | $6,780 |
| Electricity | $358 | $4,307 |
| Total | $3,221 | $38,652 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-14 | Listed for sale | $425,000 |
| 2023-05-16 | Listing removed | -- |
| 2023-05-08 | Price change | $1,600 |
| 2023-04-28 | Listed for rent | $2,000 |
| 2022-10-20 | Sold | $180,000 |
| 2022-08-06 | Pending sale | $214,900 |
| 2022-05-18 | Listed for sale | $214,900 |
| 2019-04-19 | Listing removed | $159,900 |
| 2019-01-30 | Price change | $159,900 |
| 2018-10-18 | Listed for sale | $164,900 |
| 2018-04-18 | Sold | $60,000 |
| 2018-04-17 | Pending sale | $59,900 |
| 2018-02-12 | Listed for sale | $59,900 |
| 2017-06-01 | Listing removed | $130,945 |
| 2017-04-19 | Listed for sale | -- |
| 2017-02-03 | Sold | $128,452 |
| 2016-12-30 | Listed for sale | -- |
| 2000-06-22 | Sold | $58,000 |
View on Zillow