Three-Unit Mixed-Use
1 Lincoln Avenue, Troy, NY 12180
For Sale
$305,000
MultiFamily, Troy, NY
Property Size2,262 SF
Lot Size0.09 Acres
Price / SF$134.84
Days on Market150
Property Features for 1 Lincoln Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Basement
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
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Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Thaddeus Jones · License #10301220962
(518) 681-1836
Added: Jun 13
Changed: Nov 1
Last Checked: Nov 9 at 5:06AM
MLS# 202619654
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.
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Investment Insights
Based on property information with market context.
This 2,262-square-foot mixed-use property contains three units: two residential apartments and a third space with potential for commercial, office, or studio use. The apartments include one-bedroom and other residential accommodations. Updates include renovated kitchens and bathrooms, LVP flooring, replacement doors, and fresh interior paint; the exterior has also been painted. Built in 1890, the building has brick and vinyl siding construction, natural gas radiant heat, public water, and public sewer.
The 0.09-acre property is in Troy, New York, and is zoned MU1. One one-bedroom unit is occupied at $1,000 per month, while the other two units are vacant.
The 0.09-acre property is in Troy, New York, and is zoned MU1. One one-bedroom unit is occupied at $1,000 per month, while the other two units are vacant.
Key Highlights
- Three units: two apartments and one space with potential commercial, office, or studio use
- 2,262 square feet on 0.09 acres
- MU1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,457
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,140
$549.1K
Cap Rate 7%
$392,243
$392.2K
Cap Rate 9%
$305,078
$305.1K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$52.7K $23.28/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$49.9K $22.07/SF
− OpEx
−$22.5K −$9.93/SF
NOI
$27.5K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,140
Cap Rate 7%
$392,243
Cap Rate 9%
$305,078
Alternative Uses
Best Use
Apartment 5plus
$392.2K
$343.2K – $457.6K
NOI $27,457 @ 7.0% cap · market cap 9.00%
Second Best
Mixed Use
$319.9K
$279.9K – $373.2K
NOI $22,394 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$565.5K
$494.8K – $659.7K
NOI $39,582 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
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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
$233,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Troy, NY
Properties on Market for Mixed-use properties in Troy
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments and a flexible third unit offer residential and potential commercial configuration under MU1 zoning.
Where is this mixed-use property located?
The property is located at 1 Lincoln Avenue Troy, NY.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Three units: two apartments and one space with potential commercial, office, or studio use; 2,262 square feet on 0.09 acres; MU1 zoning
