Two-Family Property in Little
240 4th Street Troy, NY 12180
240 4th Street, Troy, NY, 12180
$240,000
Pending
For Sale
$240,000
Pending
MULTI_FAMILY - Other - Troy, NY
Property Size2,024 SF
Lot Size0.07 Acres
Days on Market57
Property Features for 240 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 6
- Patio and Porch features
- Porch
- Basement
- Full
- Standard status
- Pending
- APN
- 381700 101.69-17-11
- Size
- 2,024 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4252
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating), Space Heater
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
KW Platform
(518) 724-5800
935 New Loudon Rd, Latham, NY
Listed by
Heather Hamlin Martin · License #10301219767
(518) 308-8986
Added: May 22 Checked: Jul 17 at 8:06 pm
MLS# 202617906
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.
Located in the heart of Little Italy, this well-maintained two-family property offers a blend of lifestyle and income potential. Each unit features three spacious bedrooms and updated kitchens. Abundant natural light fills each unit. Separate utilities provide efficiency and ease of management. A basement laundry adds convenience for all residents. The walk-up attic presents valuable unfinished space, ideal for a home office or studio. The property has a proven rental history and a strong 9% cap rate. One unit is currently open. The property is located near Washington Park and Troy's thriving downtown, with easy access to local shops, restaurants, HVCC, Rensselaer Tech Park, the Hudson Mohawk Bike Trail, and CDTA transit lines. The lot size is 0.07 acres and the property size is 2024 square feet.
Key Highlights
- Strong income potential with an attractive 9% cap rate and proven rental history.
- Two‑family property ideal for investors or owner‑occupants; one unit is currently open.
- Highly walkable location in Little Italy, near Washington Park and Troy's downtown, offering access to amenities and transportation.
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 | $41.3k | $20.40 |
| − Vacancy | −$2.0k | −$0.98 |
| EGI | $39.3k | $19.42 |
| − OpEx | −$17.7k | −$8.74 |
| NOI | $21.6k | $10.68 |
2,024 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.9K
$292.1K – $389.5K
NOI $23,370 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$308.8K
$270.2K – $360.3K
NOI $21,619 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$631.6K
$552.6K – $736.8K
NOI $44,210 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family property near Washington Park with income potential.
Where is this duplex located?
The property is located at 240 4th Street Troy, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Strong income potential with an attractive 9% cap rate and proven rental history.; Two‑family property ideal for investors or owner‑occupants; one unit is currently open.; Highly walkable location in Little Italy, near Washington Park and Troy's downtown, offering access to amenities and transportation.
