194 3rd Street Troy, NY 12180
MULTI_FAMILY - Other - Troy, NY
Property Features for 194 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 7
- Rooms
- Bedroom 6, Bedroom 2, Bathroom 7, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 6, Bedroom 3, Bathroom 5, Bedroom 5
- Basement
- Full
- Standard status
- Active
- APN
- 381700 101.69-10-22
- Size
- 3,693 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10508
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 7
- Flooring type
- Vinyl, Tile, Hardwood
- Building materials
- Brick
- Architectural style
- Other
Listing agent Kristian Khachadourian License #10401303476 (518) 937-4124
Listing office KW Platform 935 New Loudon Rd, Latham, NY (518) 724-5800
Listing date Jul 13, 2026
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.
The building is situated in downtown Troy, with excellent walkability to local amenities and just steps away from Washington Park.
The property is fully rented, providing immediate income and ongoing demand based on the current leasing status described in the listing remarks.
Key Highlights
- Brick 7‑unit apartment building originally built in 1920
- Converted into apartments while retaining original characteristics, including original woodwork and hardwood floors
- Flooring includes hardwood, vinyl, and tile
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 | $75.3k | $20.40 |
| − Vacancy | −$3.6k | −$0.98 |
| EGI | $71.7k | $19.42 |
| − OpEx | −$32.3k | −$8.74 |
| NOI | $39.4k | $10.68 |
