Four-Unit Building in Troy,
For Sale
$630,000
23-25 Prospect Avenue, Troy, NY 12180
MULTI_FAMILY - Troy, NY
Property Size4,173 SF
Lot Size0.19 Acres
Price / SF$150.97
Days on Market315
Property Features for 23-25 Prospect Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 2
Parking
4
Basement
Unfinished
Elementary school district
Troy
Middle school district
Troy
High school district
Troy
Directions
Drive north up 15th street, turn onto Christie St and property will be on your left.
Standard status
Active
APN
381700 101.71-12-22
Size
4,173 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
6875
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1940
Number of units
4
Building materials
Wood Siding
Roof type
Rubber
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Added: Sep 24, 2025
Changed: Jul 24
Last Checked: Aug 4 at 12:06AM
MLS# 202526505
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 is a fully occupied four-unit building, offering immediate and reliable cash flow. The well-maintained property features a new roof, updated essentials, and a strong rental history. It is located minutes from RPI, making it suitable for long-term tenants or student rentals. The property is positioned in a high-demand area. The building has a property size of 4173 square feet and sits on a lot of approximately 0.19 acres.
Key Highlights
- Fully occupied four‑unit building at 23‑25 Prospect Ave, offering immediate reliable cash flow
- New roof plus updated essentials in a wood siding building built in 1940
- Utilities: public water and public sewer
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 | $72.6k | $17.40 |
| − Vacancy | −$3.8k | −$0.90 |
| EGI | $68.8k | $16.50 |
| − OpEx | −$20.7k | −$4.95 |
| NOI | $48.2k | $11.55 |
4,173 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$688.3K
$602.3K – $803.1K
NOI $48,184 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$636.8K
$557.2K – $742.9K
NOI $44,574 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,151 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
824
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?
Quadplex - Fully occupied four-unit building with immediate cash flow near RPI.
Where is this quadplex located?
The property is located at 23-25 Prospect Avenue Troy, NY.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Fully occupied four‑unit building at 23‑25 Prospect Ave, offering immediate reliable cash flow; New roof plus updated essentials in a wood siding building built in 1940; Utilities: public water and public sewer
