Duplex with Detached
New
For Sale
$275,000
27 Lilac Lane, Troy, NY 12180
MULTI_FAMILY - Other - Troy, NY
Property Size2,200 SF
Lot Size0.62 Acres
Price / SF$125
Days on Market4
Property Features for 27 Lilac Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Parking
4
Parking features
Garage, Driveway
Patio and Porch features
Porch
Basement
Full, Unfinished, Interior Entry
Elementary school district
Troy
Middle school district
Troy
High school district
Troy
Directions
Pawling Avenue East, Right onto Winter Street, First left onto Lilac Lane. Property is the last house on the left on the street.
Standard status
Active
APN
381700 112.75-1-2
Size
2,200 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Annual Amount
6741
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
in-unit laundry
front porch
Building Details
Year built
1861
Number of units
2
Flooring type
Vinyl, Wood, Carpet
Building materials
Aluminum Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 286-1000
Listed By:
Alyssa McClenaghan · License #10401218760
(518) 573-2868
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 15 at 12:06AM
MLS# 202623830
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 1861 duplex contains two apartments, each with two bedrooms, an eat-in kitchen, in-unit laundry, storage, and an updated bathroom. Interior character includes tin ceilings, wide-plank pine flooring, woodwork, beadboard accents, and a mix of wood, vinyl, and carpet flooring. Forced-air natural gas heat serves the property.
The 2,200-square-foot home occupies 0.62 acres at 27 Lilac Lane in Troy, NY. The parcel borders Wynantskill Creek and includes a front porch, driveway parking, and a detached two-car garage with loft storage. Public water and public sewer are in place, with an asphalt roof and aluminum siding. Built in 1861, the property offers a two-unit configuration suitable for residential income use or an owner-occupied arrangement.
The 2,200-square-foot home occupies 0.62 acres at 27 Lilac Lane in Troy, NY. The parcel borders Wynantskill Creek and includes a front porch, driveway parking, and a detached two-car garage with loft storage. Public water and public sewer are in place, with an asphalt roof and aluminum siding. Built in 1861, the property offers a two-unit configuration suitable for residential income use or an owner-occupied arrangement.
Key Highlights
- Two‑unit duplex with two bedrooms in each apartment
- 2,200 square feet on a 0.62‑acre parcel bordering Wynantskill Creek
- Detached two‑car garage with loft storage
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
$23,499
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
8.55%
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%
$469,980
$470.0K
Cap Rate 7%
$335,700
$335.7K
Cap Rate 9%
$261,100
$261.1K
Market Conditions
NOI Build-Up for 2,200 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
$44.9K $20.40/SF
− Vacancy
−$2.2K −$0.98/SF
EGI
$42.7K $19.42/SF
− OpEx
−$19.2K −$8.74/SF
NOI
$23.5K $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%
$469,980
Cap Rate 7%
$335,700
Cap Rate 9%
$261,100
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.4K
NOI $25,403 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$335.7K
$293.7K – $391.7K
NOI $23,499 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$686.5K
$600.7K – $800.9K
NOI $48,055 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
205
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 apartments combine period details, private laundry, generous storage, and off-street parking on a creek-bordering residential parcel.
Where is this duplex located?
The property is located at 27 Lilac Lane Troy, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms in each apartment; 2,200 square feet on a 0.62‑acre parcel bordering Wynantskill Creek; Detached two‑car garage with loft storage
