Renovated Duplex in Prime
61 14th Street Troy, NY 12180
61 14th Street, Troy, NY, 12180
$349,000
Pending
For Sale
$349,000
Pending
MULTI_FAMILY - Troy, NY
Property Size2,040 SF
Lot Size0.06 Acres
Days on Market153
Property Features for 61 14th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
- Parking
- 8
- Parking features
- Off Street, Driveway
- Basement
- Finished, Partial
- Standard status
- Pending
- APN
- 381700 101.71-2-11
- Size
- 2,040 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7978
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1890
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Rubber, Asphalt
Listing Agency
KW Platform
(518) 724-5800
935 New Loudon Rd, Latham, NY
Listed by
Thaddeus Jones · License #10301220962
(518) 681-1836
Added: Feb 14 Checked: Jul 17 at 8:06 pm
MLS# 202612057
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 is a fully renovated side-by-side duplex located in Troy, New York, offering strong rental demand due to its proximity to RPI. The building was completely gutted and renovated in 2020, featuring modern systems and updated finishes. One unit includes 5 bedrooms and 1.5 baths, while the second unit offers 2 bedrooms and 1 full bath. The property has a potential gross rental income of $4,200 per month. The two-bedroom unit is currently rented for $1,200 per month. The five-bedroom unit is vacant. Ample off-street parking is available behind the residence. The property is situated on a lot of 0.06 acres and the building size is 2040 square feet. The property's location provides walkable access to neighborhood amenities and proximity to downtown Troy, dining, and public transit.
Key Highlights
- Side‑by‑side duplex fully gutted and renovated in 2020
- Unit mix: one 5‑bedroom with 1.5 baths and one 2‑bedroom with 1 full bath
- Rent details: 2‑bedroom unit rented for $1,200/month; potential gross rental income of $4,200/month
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 | $35.5k | $17.40 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $33.7k | $16.50 |
| − OpEx | −$10.1k | −$4.95 |
| NOI | $23.6k | $11.55 |
2,040 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.5K
$294.4K – $392.6K
NOI $23,555 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$311.3K
$272.4K – $363.2K
NOI $21,790 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$636.6K
$557.0K – $742.7K
NOI $44,560 @ 7.0% cap · market cap 12.77%
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 - Fully renovated duplex with strong rental potential near downtown Troy.
Where is this duplex located?
The property is located at 61 14th Street Troy, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Side‑by‑side duplex fully gutted and renovated in 2020; Unit mix: one 5‑bedroom with 1.5 baths and one 2‑bedroom with 1 full bath; Rent details: 2‑bedroom unit rented for $1,200/month; potential gross rental income of $4,200/month
