Well-Maintained Triplex with
421 4th Street Troy, NY 12180
421 4th Street, Troy, NY, 12180
$364,900
For Sale
$364,900
MULTI_FAMILY - Troy, NY
Property Size3,000 SF
Lot Size0.07 Acres
Price / SF$121.63
Days on Market31
Property Features for 421 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 8, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Laundry Room, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 2
- Patio and Porch features
- Deck
- Interior features
- High Speed Internet, Built-in Features, Ceramic Tile Bath
- Fencing
- Fenced
- Basement
- Exterior Entry
- Standard status
- Active
- APN
- 381700 112.29-1-15
- Size
- 3,000 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8651
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Laminate, Vinyl
- Building materials
- Brick
- Roof type
- Rubber
Listing agency
Clancy Real Estate
(518) 861-7016
Listed by
Kevin Clancy · License #37CL1081409
(518) 461-9937
Added: Jun 22 Updated: Jul 17 at 2:30PM Checked: Jul 22 at 3:06AM
MLS# 202620327
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 well-maintained triplex includes updated electrical, PEX plumbing, tankless water heaters, and high-efficiency gas forced-air heating. Interior finishes have been refreshed with updated flooring, fixtures, appliances, insulation, sheetrock, and trim throughout. The second-floor unit features skylights, adding natural light to the living space. Residents also benefit from a shared laundry room with coin-operated washers and dryers. Additional exterior and mechanical features include a sump pump, fully fenced backyard, deck, and a storage shed. The property is professionally maintained with required permits and fire safety systems in place.
Located at 421 4th Street in Troy, NY 12180, the building is described as convenient to shopping, dining, public transportation, and major roadways, supporting everyday accessibility for residents.
For buyers seeking a residential income asset, the combination of completed system upgrades and updated interior components can help reduce near-term capital concerns while supporting straightforward tenant use. The shared coin laundry and fully fenced outdoor area further support day-to-day livability across the three units. Fire safety systems and permitted improvements provide an added layer of operational assurance.
Located at 421 4th Street in Troy, NY 12180, the building is described as convenient to shopping, dining, public transportation, and major roadways, supporting everyday accessibility for residents.
For buyers seeking a residential income asset, the combination of completed system upgrades and updated interior components can help reduce near-term capital concerns while supporting straightforward tenant use. The shared coin laundry and fully fenced outdoor area further support day-to-day livability across the three units. Fire safety systems and permitted improvements provide an added layer of operational assurance.
Key Highlights
- Brick building with updated electrical and PEX plumbing
- Heating includes natural gas forced‑air and tankless water heaters
- Updated flooring, fixtures, appliances, insulation, sheetrock, and trim throughout
Local Financial Insights For Apartment 5plus
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 | $61.2k | $20.40 |
| − Vacancy | −$2.9k | −$0.98 |
| EGI | $58.3k | $19.42 |
| − OpEx | −$26.2k | −$8.74 |
| NOI | $32.0k | $10.68 |
3,000 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$494.9K
$433.0K – $577.3K
NOI $34,640 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$457.8K
$400.6K – $534.1K
NOI $32,044 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$936.1K
$819.1K – $1.09M
NOI $65,529 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Updated triplex offers modern systems, shared coin laundry, and outdoor amenities for durable residential income use.
Where is this triplex located?
The property is located at 421 4th Street Troy, NY.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Brick building with updated electrical and PEX plumbing; Heating includes natural gas forced‑air and tankless water heaters; Updated flooring, fixtures, appliances, insulation, sheetrock, and trim throughout
