Two-Unit Duplex with Separate
New
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 Market3
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:
Tier One Real Estate Pros LLC
(518) 861-7016
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 7:20PM
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 Tier One Real Estate Pros LLC
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,763
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,260
$375.3K
Cap Rate 7%
$268,043
$268.0K
Cap Rate 9%
$208,478
$208.5K
Market Conditions
NOI Build-Up for 1,625 SF
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.
Gross rent
$28.3K $17.40/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$26.8K $16.50/SF
− OpEx
−$8.0K −$4.95/SF
NOI
$18.8K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,260
Cap Rate 7%
$268,043
Cap Rate 9%
$208,478
Alternative Uses
Best Use
Multifamily LT 5
$268.0K
$234.5K – $312.7K
NOI $18,763 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$248.0K
$217.0K – $289.3K
NOI $17,357 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$507.1K
$443.7K – $591.6K
NOI $35,495 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
