1609 Highland Avenue Troy, NY 12180
1609 Highland Avenue, Troy, NY, 12180
$449,000
For Sale
$449,000
Duplexes
Property Size2,908 SF
Price / SF$154.40
Days on Market165
Property Features for 1609 Highland Avenue
General Information
- Standard status
- Active
- Size
- 2,908 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1930
Listing agency
Heer Realty, Inc.
(518) 209-1424
Listed by
John A Mainello · License #40MA1036191
(518) 209-1424
Source
Compass
Added: Feb 6 Updated: Jul 20 at 4:31PM Checked: Jul 21 at 6:23AM
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 Heer Realty, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Brick 2‑family home built in 1930 with 2,900+ SF of living space
- Renovations completed less than 5 years ago, including updated kitchens and bath, new laundry rooms on both floors, new flooring and lighting, and electrical service
- High‑efficiency Navion hot water heating system plus baseboard heat; natural gas heat
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.6k | $17.40 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $48.0k | $16.50 |
| − OpEx | −$14.4k | −$4.95 |
| NOI | $33.6k | $11.55 |
2,908 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.7K
$419.7K – $559.6K
NOI $33,578 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$443.7K
$388.3K – $517.7K
NOI $31,062 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$907.4K
$794.0K – $1.06M
NOI $63,520 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
Where is this duplex located?
The property is located at 1609 Highland Avenue Troy, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Brick 2‑family home built in 1930 with 2,900+ SF of living space; Renovations completed less than 5 years ago, including updated kitchens and bath, new laundry rooms on both floors, new flooring and lighting, and electrical service; High‑efficiency Navion hot water heating system plus baseboard heat; natural gas heat
