For SaleRisky Deal3 days on market
538 New Scotland Avenue
538 New Scotland Avenue, Albany, NY 12208, Albany, NY 12208
$279,900
Estimate®:$279,900
Listing Price
538 New Scotland Avenue, Albany, NY 12208
Loc: Albany, NY
Days Listed
3
Tax Assessed
$231k
Estimate®
$280k
Market Rate
Lot Size
0.26 acres
Rent Estimate
$2,304/mo
Est. Cash Flow base
Type
multi family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
New Scotland Elementary School
PK-5
0.3 mi away
5
William S Hackett Middle School
6-8
1.6 mi away
4
Albany High School
9-12
1.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Duplex, Multi Family1948Forced Air, Natural GasCentral Air1 Garage space3 Days$163
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.76%
Total ROI
84.0%
Cash Flow
$-110/mo
DSCR
0.92
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-110/mo net cash flow with a 5.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.8%)
- • Strong rental demand in Albany
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-21 | Listed for sale | $279,900 | $163 |
| 2026-09-01 | Listing removed | $289,900 | $169 |
| 2026-06-29 | Price change | $289,900 | $169 |
| 2026-05-28 | Listed for sale | $299,900 | $174 |
| 2026-04-24 | Listing removed | $299,900 | $174 |
| 2026-04-03 | Listed for sale | $299,900 | $174 |
| 1998-12-21 | Sold | $105,000 | $61 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $222,000 |
| 2024 | $0 | $222,000 |
| 2023 | $0 | $150,000 |
| 2022 | $0 | $150,000 |
| 2021 | $0 | $150,000 |
| 2020 | $0 | $150,000 |
| 2019 | $0 | $150,000 |
| 2018 | $0 | $150,000 |
| 2017 | $5,521.31 | $150,000 |
| 2016 | $5,505.06 | $150,000 |
| 2015 | $0 | $150,000 |
| 2014 | $0 | $150,000 |
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