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    Troy Multifamily Investment Opportunity Title is generated by Realmo AI

    318 1st Street, Troy, NY 12180

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    Claim this Listing
    Pending
    $579,000

    MULTI_FAMILY - Other - Troy, NY

    Property size:
    4,128 SF
    Lot size:
    0.07 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    60
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 318 1st Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi Residence
    Bedrooms
    10
    Bathrooms
    4
    Rooms
    Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 10, Bedroom 9, Bedroom 3
    Parking
    2
    Basement
    Finished, Full
    Standard status
    Pending
    APN
    381700 111.28-10-13
    Size
    4,128 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7822

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard, Ductless (Heating)
    Water source
    Public

    Building Details

    Year built
    1890
    Number of units
    4
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Pavel Karakalchu

    Listing agent Pavel Karakalchu License #10401307281

    Listing office Gucciardo Real Estate LLC 1074 Troy-Schenectady Road, Albany, NY

    Listing date Apr 7, 2026

    MLS# 202614552 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.

    HighLights

    • Fully occupied 4‑unit building in a strong Troy location.
    • Three units feature 3 bedrooms and 1 bath; one unit with 1 bedroom and 1 bath.
    • Off‑street parking available in the rear.
    • Units feature newer appliances.
    • Newer Pella bay windows on the second floor provide great natural light.
    • Close proximity to cafes, restaurants, shopping, and public transportation.

    Overview

    This fully occupied four-unit multifamily property is located in Troy, New York. The property has been updated while retaining its historic charm and character. Three units feature three bedrooms and one bath each, while the basement unit offers one bedroom and one bath. Newer appliances are included in the units. A washer and dryer are available in the basement for tenant use. The second floor features newer Pella bay windows that provide natural light. Off-street parking is available in the rear. The property is situated close to cafes, restaurants, shopping, and public transportation. This 4,128 square foot property sits on a 0.07-acre lot. This property is suitable to add to an investment portfolio or for owner occupancy.

    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 $71.8k $17.40
    − Vacancy −$3.7k −$0.90
    EGI $68.1k $16.50
    − OpEx −$20.4k −$4.95
    NOI $47.7k $11.55
    4,128 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $680.9K
    $595.8K – $794.4K (±1% cap)
    NOI $47,665 @ 7.0% cap · market cap 8.23%
    Second Best
    Apartment 5plus
    $629.9K
    $551.2K – $734.9K (±1% cap)
    NOI $44,093 @ 7.0% cap · market cap 7.62%
    Theoretical Best
    Office A
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,168 @ 7.0% cap · market cap 15.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.695295
    Latitude
    42.718327

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied four-unit property with updates and historic charm.
    Where is this quadplex located?
    The property is located at 318 1st Street Troy, NY.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: Fully occupied 4‑unit building in a strong Troy location.; Three units feature 3 bedrooms and 1 bath; one unit with 1 bedroom and 1 bath.; Off‑street parking available in the rear.
    (518) 728-6305
    We can help!
    Listing Contact
    Pavel Karakalchu
    Real Estate License ID: 10401307281
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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