Duplex With Additional
For Sale
$272,400
150 5TH Avenue, Troy, NY 12180
Two-family property with a leased upper unit, first-floor apartment, basement, parking, and a fenced extra lot.
Property Size2,130 SF
Price / SF$127.89
Days on Market12
Property Features for 150 5TH Avenue
General Information
Standard status
Active
Size
2,130 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
3
Amenities
full basement
large yard
rear deck
Building Details
Year Built
1890
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
David M Walraed
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Sep 12
Changed: Sep 21
Last Checked: Sep 22 at 5:10PM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
Built in 1890, this duplex includes a three-bedroom upper residence that is currently leased and a separate one-bedroom in-law apartment on the first floor. The layout can accommodate either owner occupancy or rental use, as supported by the existing configuration.
The property includes a full basement, a sizable yard, rear deck access through sliding doors, and an additional fenced lot. Other improvements include vinyl siding, newer vinyl windows, and gas hot-water heating. Located at 150 5th Ave in Troy, NY, the property also provides on-site parking.
The property includes a full basement, a sizable yard, rear deck access through sliding doors, and an additional fenced lot. Other improvements include vinyl siding, newer vinyl windows, and gas hot-water heating. Located at 150 5th Ave in Troy, NY, the property also provides on-site parking.
Key Highlights
- Three‑bedroom upper unit is leased
- Separate one‑bedroom first‑floor in‑law apartment
- Full basement and yard with rear deck access
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
$24,594
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
9.03%
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%
$491,880
$491.9K
Cap Rate 7%
$351,343
$351.3K
Cap Rate 9%
$273,267
$273.3K
Market Conditions
NOI Build-Up for 2,130 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
$37.1K $17.40/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$35.1K $16.50/SF
− OpEx
−$10.5K −$4.95/SF
NOI
$24.6K $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%
$491,880
Cap Rate 7%
$351,343
Cap Rate 9%
$273,267
Alternative Uses
Best Use
Multifamily LT 5
$351.3K
$307.4K – $409.9K
NOI $24,594 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$325.0K
$284.4K – $379.2K
NOI $22,751 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$664.7K
$581.6K – $775.4K
NOI $46,526 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
265
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with a leased upper unit, first-floor apartment, basement, parking, and a fenced extra lot.
Where is this duplex located?
The property is located at 150 5TH Avenue Troy, NY.
What is the asking price?
The asking price for this property is $272,400.
What are key features of this property?
This property features: Three‑bedroom upper unit is leased; Separate one‑bedroom first‑floor in‑law apartment; Full basement and yard with rear deck access
