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287 Mrytle Ave
Albany, NY 12209 Delaware Avenue

$1,250,000 USD

Apartments For Sale  •  7,396 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,817 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1929
  • Cap Rate 7.50 %
  • Zoning R2A
50 Transit Score
60 Walk Score

Highlights

10-Unit Multifamily Portfolio – Two 5-Unit Apartment Buildings
Approximately 10,817 SF Combined Building Area
Strong Unit Mix – Studio, 1-Bedroom & 2-Bedroom Apartments
$146,052 in Current Gross Annual Income
Two Properties Offered as One Portfolio – Immediate Scale & Established Cash Flow
7.5% Cap Rate – Attractive Income-Producing Investment

Financial Summary (Actual)

Net Operating Income: $90,631 USD (2025)
Cap Rate: 7.50 %
Total Expenses: $48,119 USD

Amenities

  • Balcony
  • Cable Ready
  • Laundry Facilities
  • Heating
  • Trash Pickup - Curbside
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Yard
  • Double Pane Windows
  • Lawn
  • Porch
  • Smoke Free
  • Vinyl Flooring
  • Public Transportation

Public Transportation

AirportDriveWalkDistance
Albany International 23 min - 13.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jean DiMatteo 914-443-8077 DiMatteo Realty
Jean DiMatteo 914-443-8077 DiMatteo Realty