Turnkey Mixed-Use
1 Lincoln Avenue Troy, NY 12180
1 Lincoln Avenue, Troy, NY, 12180
$325,000
For Sale
$325,000
Three updated units with two residential apartments and one flexible commercial/office space.
Property Size2,262 SF
Price / SF$143.68
Days on Market46
Property Features for 1 Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 2,262 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing Agency
KW Platform
Listed by
Thaddeus Jones
(518) 639-4663
Source
Signatureonerealtygroup
Added: Jun 2 Checked: Jul 16 at 1:06 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Platform
Investment Insights
Based on property information with market context.
This turnkey three-unit mixed-use property is configured as two residential apartments plus a third unit that can be used for commercial space, an office, or a studio, subject to MU1 zoning. The apartments have been extensively updated with renovated kitchens and bathrooms, new LVP flooring, new doors, and fresh paint throughout. The exterior has also been freshly painted, supporting straightforward ongoing maintenance.
The property is located at 1 Lincoln Avenue in Troy, New York and is presented as a MU1 zoning investment opportunity. Current information indicates one bedroom unit is rented for $1,000 per month, while the other two units are vacant.
For investors or owner-occupants looking for flexibility, the layout supports either an income-focused residential hold with a controllable third unit, or combining live/work uses by occupying the flexible commercial/office portion. With updates already completed across the units and exterior, this offering is positioned as a ready-to-operate option, with the note that closing cannot occur until November 2026 due to the seller’s financing commitments.
The property is located at 1 Lincoln Avenue in Troy, New York and is presented as a MU1 zoning investment opportunity. Current information indicates one bedroom unit is rented for $1,000 per month, while the other two units are vacant.
For investors or owner-occupants looking for flexibility, the layout supports either an income-focused residential hold with a controllable third unit, or combining live/work uses by occupying the flexible commercial/office portion. With updates already completed across the units and exterior, this offering is positioned as a ready-to-operate option, with the note that closing cannot occur until November 2026 due to the seller’s financing commitments.
Key Highlights
- 1890‑built three‑unit mixed‑use property with MU1 zoning in Troy
- Two residential apartments plus one flexible unit for commercial, office, or studio use
- Updates include renovated kitchens and bathrooms, new LVP flooring, new doors, and fresh paint throughout
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 | $39.4k | $17.40 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $37.3k | $16.50 |
| − OpEx | −$11.2k | −$4.95 |
| NOI | $26.1k | $11.55 |
2,262 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$499.1K
$436.7K – $582.2K
NOI $34,934 @ 7.0% cap · market cap 10.75%
Second Best
Multifamily LT 5
$373.1K
$326.5K – $435.3K
NOI $26,118 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$705.8K
$617.6K – $823.5K
NOI $49,409 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three updated units with two residential apartments and one flexible commercial/office space.
Where is this triplex located?
The property is located at 1 Lincoln Avenue Troy, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1890‑built three‑unit mixed‑use property with MU1 zoning in Troy; Two residential apartments plus one flexible unit for commercial, office, or studio use; Updates include renovated kitchens and bathrooms, new LVP flooring, new doors, and fresh paint throughout
