Troy Mixed-Use Investment
6 Franklin Place Troy, NY 12180
6 Franklin Place, Troy, NY, 12180
$674,900
Pending
For Sale
$674,900
Pending
MULTI_FAMILY - Troy, NY
Property Size2,840 SF
Lot Size0.03 Acres
Days on Market107
Property Features for 6 Franklin Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Basement
- Full
- Standard status
- Pending
- APN
- 381700 101.69-10-10
- Size
- 2,840 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6771
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 4
- Building materials
- Brick
Listing agency
Gucciardo Real Estate LLC
(518) 221-9079
Listed by
Pavel Karakalchu · License #10401307281
(518) 728-6305
Added: Apr 7 Updated: Jun 8 at 4:32PM Checked: Jul 22 at 12:06PM
MLS# 202614571
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 four-unit mixed-use property is located in a corner location near cafes, restaurants, and public transportation. The property includes three renovated studio apartments and a retail restaurant on the first floor. It is positioned as an income-producing building in a desirable area. The building has a total area of 2840 square feet and is situated on a 0.03-acre lot.
Key Highlights
- 4‑unit building with three renovated studio apartments plus a retail restaurant on the first floor
- Brick construction; year built 1920
- Heating includes electric, forced air, and natural gas
Local Financial Insights For Specialty Retail
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 | $51.1k | $18.00 |
| − Vacancy | −$2.1k | −$0.76 |
| EGI | $49.0k | $17.24 |
| − OpEx | −$12.2k | −$4.31 |
| NOI | $36.7k | $12.93 |
2,840 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$524.7K
$459.1K – $612.2K
NOI $36,730 @ 7.0% cap · market cap 5.44%
Second Best
Multifamily LT 5
$468.5K
$409.9K – $546.5K
NOI $32,792 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$886.2K
$775.4K – $1.03M
NOI $62,034 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four-unit property with renovated apartments and a restaurant.
Where is this mixed-use property located?
The property is located at 6 Franklin Place Troy, NY.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 4‑unit building with three renovated studio apartments plus a retail restaurant on the first floor; Brick construction; year built 1920; Heating includes electric, forced air, and natural gas
