Two-Unit Brick
New
For Sale
$225,000
1302 5th Avenue, Troy, NY 12180
MultiFamily, Troy, NY
Property Size1,625 SF
Lot Size0.03 Acres
Price / SF$138.46
Days on Market2
Property Features for 1302 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
1
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Basement
Walk-Out Access
Lot features
Level
Elementary school district
Troy
Middle school district
Troy
High school district
Troy
Directions
Ferry St. to right on 5th Avenue
Standard status
Active
APN
381700 101.69-13-17
Size
1,625 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3884
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Brick
Roof type
Rubber, Flat
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Joseph P Cardinale · License #10401290174
(518) 755-2064
Added: Aug 26
Last Checked: Aug 27 at 2:06AM
MLS# 202624811
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.
Investment Insights
Based on property information with market context.
This brick duplex contains two three-bedroom, one-bath apartments within 1,625 square feet. Each residence includes a kitchen, living room, full bathroom, refrigerator, stove, and washer/dryer hookups. Forced-air heating serves the property, while separate electric and gas utilities support independent unit operation. Additional features include a walk-out basement, 100-amp electrical service, rubber flat roofing, and public water and sewer. Built in 1910, the property occupies a level lot in Troy City School District.
The building is located at 1302 5th Avenue in Troy, NY, near downtown Troy and the Little Italy neighborhood. Restaurants, shopping, entertainment, employment centers, city amenities, and nearby recreation at Frear Park and Prospect Park are identified in the surrounding context. The two-apartment layout offers a configuration suited to either rental ownership or an owner-occupant arrangement, subject to independent verification of operating figures and property details.
The building is located at 1302 5th Avenue in Troy, NY, near downtown Troy and the Little Italy neighborhood. Restaurants, shopping, entertainment, employment centers, city amenities, and nearby recreation at Frear Park and Prospect Park are identified in the surrounding context. The two-apartment layout offers a configuration suited to either rental ownership or an owner-occupant arrangement, subject to independent verification of operating figures and property details.
Key Highlights
- Two 3‑bedroom, 1‑bath units
- 1,625 square feet in a brick building
- Separate electric and gas utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,763
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,260
$375.3K
Cap Rate 7%
$268,043
$268.0K
Cap Rate 9%
$208,478
$208.5K
Market Conditions
NOI Build-Up for 1,625 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.3K $17.40/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$26.8K $16.50/SF
− OpEx
−$8.0K −$4.95/SF
NOI
$18.8K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,260
Cap Rate 7%
$268,043
Cap Rate 9%
$208,478
Alternative Uses
Best Use
Multifamily LT 5
$268.0K
$234.5K – $312.7K
NOI $18,763 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$248.0K
$217.0K – $289.3K
NOI $17,357 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$507.1K
$443.7K – $591.6K
NOI $35,495 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
Explore this area
Business Placement
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments with separate electric and gas utilities, public services, and forced-air heating.
Where is this duplex located?
The property is located at 1302 5th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units; 1,625 square feet in a brick building; Separate electric and gas utilities
