Two-Family Residential Income
For Sale
$329,900
190 Spring Avenue, Troy, NY 12180
MULTI_FAMILY - Troy, NY
Property Size2,276 SF
Lot Size0.95 Acres
Price / SF$144.95
Days on Market60
Property Features for 190 Spring Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Driveway
Patio and Porch features
Porch, Deck
Interior features
Walk-In Closet(s)
Lot features
Corner Lot
High school district
000000
Directions
US-9 to I-87 South. Take Exit 7E to NY-7 East (Hoosick St) toward Troy. Right on 15th St, left on Spring Ave. Property on right.
Standard status
Active
APN
381700 112.49-5-1
Size
2,276 SF
Lot size
0.95 Acres
Taxes and HOA fees
Tax Annual Amount
10031
Utilities
Heating system
Natural Gas, Electric (Heating), Forced Air
Water source
Public
Building Details
Year built
1910
Number of units
2
Flooring type
Carpet, Tile, Vinyl
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
(518) 348-2060
Listed By:
Amanda L Hart
(518) 348-2060
Added: Jun 3
Changed: Jul 29
Last Checked: Aug 1 at 6:06AM
MLS# 11800754
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 two-family home features two spacious units with two bedrooms and one full bathroom each. Both units include updated kitchens and bathrooms and unique two-story living layouts. The first unit also offers a foyer, formal dining room, and a comfortable living room. Separate utilities and shared laundry help simplify day-to-day operations, and off-street parking is provided.
The property is located at 190 Spring Avenue in Troy, NY, on the East Side. It is described as convenient to I-787 and close to Hudson Valley Community College, shopping, restaurants, and downtown Troy.
Recent improvements include a new main gas line (2026), roof and water heaters (2024), an updated electrical system and panel (2024), an electronic security key system (2025), and a new deck (2024). The home is currently generating just under $3,000 per month in rental income.
The property is located at 190 Spring Avenue in Troy, NY, on the East Side. It is described as convenient to I-787 and close to Hudson Valley Community College, shopping, restaurants, and downtown Troy.
Recent improvements include a new main gas line (2026), roof and water heaters (2024), an updated electrical system and panel (2024), an electronic security key system (2025), and a new deck (2024). The home is currently generating just under $3,000 per month in rental income.
Key Highlights
- Two‑family home built in 1910 with two‑bedroom units and one full bathroom per unit
- Just under $3,000/month in rental income, with potential to increase cash flow (per remarks)
- Updated kitchens and bathrooms in each unit, plus unique two‑story living layouts
Financial Insights For Multifamily LT 5
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 | $39.6k | $17.40 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $37.5k | $16.50 |
| − OpEx | −$11.3k | −$4.95 |
| NOI | $26.3k | $11.55 |
2,276 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.4K
$328.5K – $438.0K
NOI $26,280 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.2K
NOI $24,311 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$710.2K
$621.4K – $828.6K
NOI $49,715 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
237
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 well-maintained units offer two bedrooms and one full bath each, with updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 190 Spring Avenue Troy, NY.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑family home built in 1910 with two‑bedroom units and one full bathroom per unit; Just under $3,000/month in rental income, with potential to increase cash flow (per remarks); Updated kitchens and bathrooms in each unit, plus unique two‑story living layouts
