Remodeled Duplex With In-Unit
For Sale
$334,900
Pending
169 Hoosick Street, Troy, NY 12180
Residential Income, Troy, NY
Property Size2,688 SF
Lot Size0.07 Acres
Days on Market145
Property Features for 169 Hoosick Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Patio and Porch features
Porch
High school district
000000
Directions
Hoosick St and turn into 13th St going north and turn right to access the building from the back.
Standard status
Pending
APN
381700 101.32-1-3
Size
2,688 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7000
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
in-unit washer/dryer
off-street parking
yard
Building Details
Year built
1930
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Rubber
Listing Agency:
Miranda Real Estate Group Inc
(518) 348-2060
Listed By:
Scott Frahm
(518) 785-9900
Added: Apr 17
Changed: Sep 4
Last Checked: Sep 8 at 12:06AM
MLS# 11694651
Copyright © 2026 My State MLS. 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 2,688-square-foot duplex, built in 1930, has undergone extensive interior renovation. The property includes two residential units, refreshed kitchens with quartz countertops, dishwashers, soft-close drawers, updated bathrooms, and new vinyl flooring. Each unit includes a washer and dryer, while natural gas provides heating. The first-floor unit is vacant and ready for occupancy.
Set on 0.07 acres along Hoosick Street in Troy, the property includes off-street parking at the rear, a small yard, and a porch. The brick building has a rubber roof and public water service. Its two-family configuration accommodates both owner occupancy and rental use, subject to applicable requirements.
Set on 0.07 acres along Hoosick Street in Troy, the property includes off-street parking at the rear, a small yard, and a porch. The brick building has a rubber roof and public water service. Its two-family configuration accommodates both owner occupancy and rental use, subject to applicable requirements.
Key Highlights
- 2,688 SF duplex on a 0.07‑acre lot
- First‑floor unit is vacant and ready for occupancy
- Renovated kitchens with quartz countertops, dishwashers, and soft‑close drawers
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
$28,712
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
8.57%
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%
$574,240
$574.2K
Cap Rate 7%
$410,171
$410.2K
Cap Rate 9%
$319,022
$319.0K
Market Conditions
NOI Build-Up for 2,688 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
$54.8K $20.40/SF
− Vacancy
−$2.6K −$0.98/SF
EGI
$52.2K $19.42/SF
− OpEx
−$23.5K −$8.74/SF
NOI
$28.7K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$574,240
Cap Rate 7%
$410,171
Cap Rate 9%
$319,022
Alternative Uses
Best Use
Multifamily LT 5
$443.4K
$388.0K – $517.3K
NOI $31,037 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.5K
NOI $28,712 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$838.8K
$733.9K – $978.6K
NOI $58,714 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,297
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property offers a vacant first-floor unit, rear parking, and a small yard.
Where is this duplex located?
The property is located at 169 Hoosick Street Troy, NY.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 2,688 SF duplex on a 0.07‑acre lot; First‑floor unit is vacant and ready for occupancy; Renovated kitchens with quartz countertops, dishwashers, and soft‑close drawers
