Side-by-Side Duplex with Two-Car
36 Central Avenue Troy, NY 12180
New
36 Central Avenue, Troy, NY, 12180
$389,900
For Sale
$389,900
MULTI_FAMILY - Troy, NY
Property Size2,324 SF
Lot Size0.23 Acres
Price / SF$167.77
Days on Market4
Property Features for 36 Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4
- Parking
- 6
- Parking features
- Off Street, Driveway, Garage, Open
- Window features
- Skylight(s)
- Patio and Porch features
- Deck
- Interior features
- Paddle Fan, High Speed Internet, Walk-In Closet(s), Cathedral Ceiling(s)
- Fencing
- Fenced, Gate
- Fireplace
- 1
- Basement
- Unfinished, Full, Sump Pump
- Standard status
- Active
- APN
- 381700 112.59-2-4 01
- Size
- 2,324 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7280
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Zoned, Hot Water(Heating), Natural Gas, Electric (Heating), Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Carpet, Tile - Ceramic, Linoleum
- Building materials
- Vinyl Siding
- Roof type
- Shingle, Asphalt
Listing Agency
KW Platform
(518) 935-4600
271 Delaware Avenue, Latham, NY
Listed by
Jenn L Baniak-Hollands · License #10301218622
(518) 512-7784
Added: Jul 14 Checked: Jul 17 at 6:06 pm
MLS# 202621831
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.
This purpose-built side-by-side duplex features a center-hall Colonial design with two bedrooms and 1.5 bathrooms in each unit. Recent improvements include almost $60,000 in updates over the past eight years, with highlights such as a new gas stove in the owner’s dramatic living room, a brand-new Trex deck, and updated interiors in the tenant’s unit including a new eat-in kitchen with granite countertops, soft-close cabinetry, and a refreshed half bath. Both kitchens include dishwashers, and each primary bedroom offers a walk-in closet. Each basement has separate laundry hookups, and the homes have separate driveways. The owner’s unit is heated with natural gas hot-water baseboards on the first floor and electric baseboards upstairs, while the tenant’s unit is heated entirely by electric baseboards with separate utilities. Outside, the level fenced backyard supports the deck and includes a tenant storage shed. An oversized attached two-car garage includes a partially finished workshop above.
Located on a quiet street in Troy’s east end near Emma Willard School, the property is minutes from downtown Troy, I-787, shopping, dining, and area employers.
Located on a quiet street in Troy’s east end near Emma Willard School, the property is minutes from downtown Troy, I-787, shopping, dining, and area employers.
Key Highlights
- Purpose‑built side‑by‑side duplex built in 1970 with 2 bedrooms and 1.5 bathrooms per unit
- Almost $60,000 of updates in the past 8 years; tenant unit includes brand‑new eat‑in kitchen with granite countertops
- Owner’s unit features a dramatic living room with cathedral ceilings and a gas stove plus a fireplace
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 | $40.4k | $17.40 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $38.3k | $16.50 |
| − OpEx | −$11.5k | −$4.95 |
| NOI | $26.8k | $11.55 |
2,324 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.3K
$335.4K – $447.2K
NOI $26,834 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$354.6K
$310.3K – $413.7K
NOI $24,824 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$725.2K
$634.5K – $846.1K
NOI $50,763 @ 7.0% cap · market cap 13.02%
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 - Purpose-built side-by-side duplex with separate driveways, fenced yard, and an oversized attached two-car garage.
Where is this duplex located?
The property is located at 36 Central Avenue Troy, NY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Purpose‑built side‑by‑side duplex built in 1970 with 2 bedrooms and 1.5 bathrooms per unit; Almost $60,000 of updates in the past 8 years; tenant unit includes brand‑new eat‑in kitchen with granite countertops; Owner’s unit features a dramatic living room with cathedral ceilings and a gas stove plus a fireplace
