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    Green Island Two-Family Property

    167 Paine Street Green Island, NY 12183

    Claim this Listing
    Pending
    $178,000

    MULTI_FAMILY - Other - Green Island, NY

    Property size:
    1,468 SF
    Lot size:
    0.04 Acres
    Added:
    May 11, 2026
    Days on Market:
    63
    Last Refresh:
    Jul 12 at 10:06 pm

    Property Features for 167 Paine Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
    Interior features
    Paddle Fan
    Fencing
    Fenced
    Basement
    Unfinished
    Standard status
    Pending
    APN
    012801 20.76-4-34.11
    Size
    1,468 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5624

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Vinyl, Laminate
    Building materials
    Aluminum Siding, Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    Listing agent Nicole Wilkie License #10301223997

    Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY

    Listing date May 11, 2026

    MLS# 202616935 Listing URL

    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 two-family property, located in Green Island, NY, features a total of 6 bedrooms and 2 full bathrooms within approximately 1,468 sq. ft. of living space. The property includes newer flooring and fresh paint throughout. The roof is only 2 years old. One unit offers washer and dryer hookups. The property benefits from a fenced-in backyard suitable for relaxation and entertaining. Situated in a walkable neighborhood, the property is close to a corner store, a town park with basketball courts, and a bus line. It also offers convenient access to major roadways and is located just minutes from downtown Troy. This property is suitable for either owner-occupancy or as a turnkey investment property.

    Key Highlights

    • Two‑family home with 6 bedrooms and 2 full bathrooms and approx. 1,468 sq. ft. of living space
    • Roof is only 2 years old
    • Newer flooring and fresh paint throughout

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $29.9k $20.40
    − Vacancy −$1.4k −$0.98
    EGI $28.5k $19.42
    − OpEx −$12.8k −$8.74
    NOI $15.7k $10.68
    1,468 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $242.1K
    $211.9K – $282.5K (±1% cap)
    NOI $16,950 @ 7.0% cap · market cap 9.52%
    Second Best
    Apartment 5plus
    $224.0K
    $196.0K – $261.3K (±1% cap)
    NOI $15,680 @ 7.0% cap · market cap 8.81%
    Theoretical Best
    Office A
    $458.1K
    $400.8K – $534.4K (±1% cap)
    NOI $32,066 @ 7.0% cap · market cap 18.01%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    (Bike/Boat/Book/etc) Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tech Support Center Home Appliance Store Butcher Florist Computer & Electronic Repair Accounting Firm Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    FAQs

    What type of property is this?
    Duplex - Two-family property in Green Island with recent updates.
    Where is this duplex located?
    The property is located at 167 Paine Street Green Island, NY.
    What is the asking price?
    The asking price for this property is $178,000.
    What are key features of this property?
    This property features: Two‑family home with 6 bedrooms and 2 full bathrooms and approx. 1,468 sq. ft. of living space; Roof is only 2 years old; Newer flooring and fresh paint throughout
    Contact an agent
    (518) 221-4052
    We can help!
    Contact an agent
    Nicole Wilkie
    Nicole Wilkie
    Real Estate License ID: 10301223997
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