Duplex With Additional
New
For Sale
$272,400
150 5th Avenue, Troy, NY 12180
MultiFamily, Troy, NY
Property Size2,130 SF
Lot Size0.14 Acres
Price / SF$127.89
Days on Market7
Property Features for 150 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 3
Parking
8
Parking features
Driveway, Off Street
Window features
Insulated Windows, Double Pane Windows
Patio and Porch features
Porch
Interior features
Paddle Fan, High Speed Internet, Crown Molding
Exterior features
Garden
Fencing
Perimeter, Privacy, Fenced
Basement
Unfinished, Full
Lot features
Private, Level, Landscaped, Road Frontage, Cleared, Garden
Elementary school district
Troy
Middle school district
Troy
High school district
Troy
Directions
5th Ave Between 102nd & 103rd St
Standard status
Active
APN
381700 90.39-5-44
Size
2,130 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
1815
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
basement
yard
deck
Building Details
Year built
1890
Number of units
2
Flooring type
Wood, Hardwood, Vinyl, Laminate, Tile - Ceramic
Building materials
Vinyl Siding, Wood Siding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 427-9000
Listed By:
David M Walraed · License #40WA1124077
(518) 928-9021
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 22 at 2:06PM
MLS# 202626272
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,130-square-foot duplex includes a leased three-bedroom upper unit and an additional one-bedroom apartment on the first floor. The property also offers a full basement, a rear deck accessed through sliding doors, and a large fenced yard suitable for outdoor use. Vinyl siding, newer vinyl windows, natural-gas hot-water heat, and public water and sewer serve the building. Interior features include hardwood, wood, vinyl, laminate, and ceramic tile flooring, along with crown molding and high-speed internet availability.
The 0.14-acre property includes driveway and off-street parking, perimeter privacy fencing, and an additional lot. Built in 1890, it is located in Troy, New York, and carries Multi Residence zoning.
The 0.14-acre property includes driveway and off-street parking, perimeter privacy fencing, and an additional lot. Built in 1890, it is located in Troy, New York, and carries Multi Residence zoning.
Key Highlights
- 2,130‑square‑foot duplex with a leased three‑bedroom upper unit
- Additional one‑bedroom first‑floor apartment
- 0.14‑acre property with an additional lot
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-family property with a separate first-floor apartment, fenced outdoor space, and off-street parking.
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: 2,130‑square‑foot duplex with a leased three‑bedroom upper unit; Additional one‑bedroom first‑floor apartment; 0.14‑acre property with an additional lot
