Two-Unit Duplex with Separate
For Sale
$225,000
1302 5th Ave, Troy, NY 12180
Two three-bedroom residences include kitchens, full baths, and washer/dryer hookups.
Property Size1,625 SF
Lot Size0.23 Acres
Price / SF$138.46
Days on Market48
Property Features for 1302 5th Ave
General Information
Standard status
Active
Size
1,625 SF
Lot size
0.23 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1910
Listing Agency:
Gallo Realty Adk Inc
(518) 810-5885
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 12 at 6:59PM
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 Gallo Realty Adk Inc
Investment Insights
Based on property information with market context.
This duplex at 1302 5th Avenue contains two 3-bedroom, 1-bath units. Each residence has a kitchen, living room, full bathroom, refrigerator, stove, and washer/dryer hookups. Separate electric and gas utilities serve the units, while forced-air heating supports the building. Additional features include a walk-out basement, public water and sewer, 100-amp electrical service, and a level 0.23-acre lot. The property was built in 1910.
The home is in Troy, within the Troy City School District, with downtown Troy and the Little Italy neighborhood identified nearby. Restaurants, shopping, entertainment, employment centers, and city amenities are part of the surrounding context. Frear Park and Prospect Park provide nearby recreational options, including golf, tennis, fields, playgrounds, and seasonal activities.
The home is in Troy, within the Troy City School District, with downtown Troy and the Little Italy neighborhood identified nearby. Restaurants, shopping, entertainment, employment centers, and city amenities are part of the surrounding context. Frear Park and Prospect Park provide nearby recreational options, including golf, tennis, fields, playgrounds, and seasonal activities.
Key Highlights
- Two 3‑bedroom, 1‑bath units
- Separate electric and gas utilities
- Each unit includes a refrigerator, stove, and washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,725
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,500
$394.5K
Cap Rate 7%
$281,786
$281.8K
Cap Rate 9%
$219,167
$219.2K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$37.8K $23.28/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$35.9K $22.07/SF
− OpEx
−$16.1K −$9.93/SF
NOI
$19.7K $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%
$394,500
Cap Rate 7%
$281,786
Cap Rate 9%
$219,167
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.7K
NOI $21,284 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$281.8K
$246.6K – $328.8K
NOI $19,725 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$406.2K
$355.5K – $473.9K
NOI $28,436 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include kitchens, full baths, and washer/dryer hookups.
Where is this duplex located?
The property is located at 1302 5th Ave Troy, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units; Separate electric and gas utilities; Each unit includes a refrigerator, stove, and washer/dryer hookups
