Two-Unit Duplex with New
For Sale
$395,000
1105 Hutton Street, Troy, NY 12180
Fully occupied two-unit duplex with a new roof and documented building improvements in Troy.
Property Size2,574 SF
Price / SF$153.46
Days on Market470
Property Features for 1105 Hutton Street
General Information
Standard status
Active
Size
2,574 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1907
Buildings
1
Listing Agency:
Berkshire Hathaway Home Services Blake
Listed By:
Karen Zalewski-Wildzunas
(518) 639-4663
Source:
Signatureonerealtygroup
Added: May 19, 2025
Changed: Aug 28
Last Checked: Aug 30 at 6:06PM
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
1105 Hutton Street in Troy is a fully occupied two-unit duplex. The property is well kept and features a new roof, along with various improvements. Built in 1907, the building offers a straightforward two-unit setup for an owner seeking low-maintenance operation.
The asset is located at 1105 Hutton Street, Troy, NY 12180, in an area described as growing and near RPI. It is presented as an income-producing property, and the public remarks also note it can be sold together with 319 Speigletown Rd and 23-25 Prospect Ave in Troy.
With two residential units and a maintained exterior, this duplex is positioned for day-to-day rental ownership while providing flexibility around portfolio assembly where multiple nearby properties are desired.
The asset is located at 1105 Hutton Street, Troy, NY 12180, in an area described as growing and near RPI. It is presented as an income-producing property, and the public remarks also note it can be sold together with 319 Speigletown Rd and 23-25 Prospect Ave in Troy.
With two residential units and a maintained exterior, this duplex is positioned for day-to-day rental ownership while providing flexibility around portfolio assembly where multiple nearby properties are desired.
Key Highlights
- Fully occupied two‑unit duplex
- New roof
- Various improvements
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
$29,721
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
7.52%
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%
$594,420
$594.4K
Cap Rate 7%
$424,586
$424.6K
Cap Rate 9%
$330,233
$330.2K
Market Conditions
NOI Build-Up for 2,574 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
$44.8K $17.40/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$42.5K $16.50/SF
− OpEx
−$12.7K −$4.95/SF
NOI
$29.7K $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%
$594,420
Cap Rate 7%
$424,586
Cap Rate 9%
$330,233
Alternative Uses
Best Use
Multifamily LT 5
$424.6K
$371.5K – $495.4K
NOI $29,721 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$392.8K
$343.7K – $458.2K
NOI $27,494 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$803.2K
$702.8K – $937.1K
NOI $56,224 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,868
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit duplex with a new roof and documented building improvements in Troy.
Where is this duplex located?
The property is located at 1105 Hutton Street Troy, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully occupied two‑unit duplex; New roof; Various improvements
