104 Lord Ave Troy, NY 12180
Compound includes a 2-bed/1-bath home, second 2-bed/1-bath home, and storage/shop buildings on a large lot.
Property Features for 104 Lord Ave
General Information
- Standard status
- Active
- Size
- 4,996 SF
Listing office KW Platform (518) 281-6808
Listing date Apr 21, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
A second 2-bed/1-bath home (1500 sqft) is included as well; tenant occupancy is noted as unavailable for showing. The property is set on approximately 14 acres with grass fields and woods. Public remarks state the zoning is mixed-use, offering flexibility regarding potential uses. The site is described as being just off Route 7 and minutes to downtown Troy’s riverfront.
Seller will consider lease options.
Key Highlights
- 5‑building compound on 14‑acre lot just off Route 7 in Troy, minutes to downtown Troy’s riverfront
- Main house: 2 bed/1 bath (816 SF) with 500‑gallon septic and a 1‑car attached garage (14x20)
- Shop/storage includes a 3‑bay metal storage garage and a shop with half bath downstairs plus large room and 2 baths upstairs
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 | $86.9k | $17.40 |
| − Vacancy | −$4.5k | −$0.90 |
| EGI | $82.4k | $16.50 |
| − OpEx | −$24.7k | −$4.95 |
| NOI | $57.7k | $11.55 |
