Mixed-Use Property with
For Sale
$329,999
Pending
3367 6th Avenue, Troy, NY 12180
MultiFamily, Troy, NY
Property Size3,007 SF
Lot Size0.06 Acres
Days on Market65
Property Features for 3367 6th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1
Basement
Full
Lot features
Level, Corner Lot
Elementary school district
Lansingburgh
Middle school district
Lansingburgh
High school district
Lansingburgh
Directions
Heading North bound on 6t Ave, this corner lot property will be left hand side. Intersection of 6th Ave and 101st Street.
Standard status
Pending
APN
381700 90.54-2-2
Size
3,007 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6100
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Baseboard, Natural Gas
Cooling system
Ductless
Water source
Public
Amenities
high ceilings
mini split
half bath
separate utilities
Building Details
Year built
1910
Number of units
4
Building materials
Vinyl Siding
Roof type
Rubber
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Mariana DeLuca · License #10301219166
(518) 258-7595
Added: Jun 24
Changed: Aug 24
Last Checked: Aug 27 at 2:06AM
MLS# 202620345
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 3,007-square-foot mixed-use property includes a street-level commercial storefront and three residential apartments. The open storefront has high ceilings, a mini-split system, and a half bath, with its current configuration serving as a barbershop. Each apartment offers two bedrooms and one full bathroom, with varying layouts that include living areas, dining space, and an office. A small backyard is also included.
The apartments and commercial space have been renovated, with improvements including new siding, windows, and a rubber roof. Building systems include two new boilers, ductless cooling in the storefront, natural gas heat, public water, and public sewer. Separate utilities serve the commercial and residential components. The property is fully occupied and located in Troy near schools, shopping, transportation, and major highways.
The apartments and commercial space have been renovated, with improvements including new siding, windows, and a rubber roof. Building systems include two new boilers, ductless cooling in the storefront, natural gas heat, public water, and public sewer. Separate utilities serve the commercial and residential components. The property is fully occupied and located in Troy near schools, shopping, transportation, and major highways.
Key Highlights
- 3,007 SF mixed‑use building on 0.06 acres
- Street‑level commercial storefront plus 3 residential apartments
- All 3 apartments and the storefront have been renovated
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
$29,769
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
9.02%
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%
$595,380
$595.4K
Cap Rate 7%
$425,271
$425.3K
Cap Rate 9%
$330,767
$330.8K
Market Conditions
NOI Build-Up for 3,007 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
$54.1K $18.00/SF
− Vacancy
−$6.5K −$2.16/SF
EGI
$47.6K $15.84/SF
− OpEx
−$17.9K −$5.94/SF
NOI
$29.8K $9.90/SF
Area
Albany County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$595,380
Cap Rate 7%
$425,271
Cap Rate 9%
$330,767
Alternative Uses
Best Use
Retail
$518.5K
$453.7K – $605.0K
NOI $36,297 @ 7.0% cap · market cap 11.00%
Second Best
Multifamily LT 5
$496.0K
$434.0K – $578.7K
NOI $34,721 @ 7.0% cap · market cap 10.52%
Theoretical Best
Office A
$938.3K
$821.0K – $1.09M
NOI $65,682 @ 7.0% cap · market cap 19.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
325
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?
Mixed-use property - Fully occupied building combining commercial space with three renovated residential apartments and separate utilities.
Where is this mixed-use property located?
The property is located at 3367 6th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: 3,007 SF mixed‑use building on 0.06 acres; Street‑level commercial storefront plus 3 residential apartments; All 3 apartments and the storefront have been renovated
