303 Spring Avenue Troy, NY 12180
MULTI_FAMILY - Other - Troy, NY
- Added:
- May 18, 2026
- Days on Market:
- 56
- Last Refresh:
- Jul 12 at 10:06 pm
Property Features for 303 Spring Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 4
- Parking
- 4
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Interior features
- High Speed Internet
- Fireplace
- 1
- Basement
- Full
- Standard status
- Pending
- APN
- 381700 112.58-1-4 01
- Size
- 2,690 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7452
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Brick
- Roof type
- Slate
- Architectural style
- Other
Listing agent Kristin M McClenaghan License #10301212697 (518) 669-7119
Listing office Howard Hanna Capital Inc 102 Van Rensselaer Sq Ste. L, Clifton Park, NY (518) 286-1000
Listing date May 18, 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.
Located on the Troy East Side, the home is positioned next to Emma Willard School. It is also described as within walking distance to shopping, restaurants, places of worship, and neighborhood amenities. Convenience for commuting is supported by quick highway access and public transportation nearby.
As a multi-family residence, the layout is well suited to households seeking more than one living unit under the same roof, including options for multi-generational living or long-term owner occupancy. With both flats offering similar spacious finishes and functional in-home features like eat-in kitchens and laundry hookups, the property supports practical, comfortable occupancy for a range of owner-operator and resident needs.
Key Highlights
- Classic brick two‑family built in 1920 with slate roof and over 2,900 sq. ft.
- Hardwood floors throughout both oversized units with high ceilings and large sun‑filled rooms.
- Eat‑in kitchens in each unit plus laundry hookups.
Local 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 | $46.8k | $17.40 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $44.4k | $16.50 |
| − OpEx | −$13.3k | −$4.95 |
| NOI | $31.1k | $11.55 |
