Two-Unit
New
For Sale
$239,000
145 George Street, Troy, NY 12183
The two-family layout provides separate residential space on each floor.
Property Size1,680 SF
Price / SF$142.26
Days on Market2
Property Features for 145 George Street
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Needs very little
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,532
Building Details
Year Built
1905
Listing Agency:
Bryce Real Estate Inc
Listed By:
Maury A Kimmel · License #10301207161
(518) 961-0060
Source:
Capmarkrealty
Added: Oct 30
Last Checked: Oct 30 at 3:11PM
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 Bryce Real Estate Inc
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Investment Insights
Based on property information with market context.
Built in 1905, this two-family duplex contains 1,680 square feet, arranged with one residence on each floor. The property may require cleaning and some painting before it is ready for use.
Key Highlights
- Two‑family property with one residence on each floor
- 1,680 square feet
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,398
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,960
$388.0K
Cap Rate 7%
$277,114
$277.1K
Cap Rate 9%
$215,533
$215.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$29.2K $17.40/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$27.7K $16.50/SF
− OpEx
−$8.3K −$4.95/SF
NOI
$19.4K $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 Rate 5%
$387,960
Cap Rate 7%
$277,114
Cap Rate 9%
$215,533
Alternative Uses
Best Use
Multifamily LT 5
$277.1K
$242.5K – $323.3K
NOI $19,398 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$256.4K
$224.3K – $299.1K
NOI $17,945 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$524.2K
$458.7K – $611.6K
NOI $36,696 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
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Business Placement
Demographics for 12183, NY
2,934
Population
1,758
Households
1.7
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
4,191
Density / Sq Mi
$70,281
Median Household Income
$47,245
Median Earnings
$1,081
Median Rent
$137,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family layout provides separate residential space on each floor.
Where is this duplex located?
The property is located at 145 George Street Troy, NY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two‑family property with one residence on each floor; 1,680 square feet; Built in 1905
