Four-Unit Quadplex with New
168 3rd Street, Troy, NY 12180
For Sale
$699,999
Large residential layouts include hardwood and tile finishes, plus convenient laundry facilities on each floor.
Property Size5,234 SF
Price / SF$133.74
Days on Market67
Property Features for 168 3rd Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
Building Details
Year Built
Listing Agency:
Tier One Real Estate Pros LLC
Listed By:
Stephen M McCormick · License NY #10491214014
(518) 698-6321
Source:
Capmarkrealty
Added: Sep 8
Changed: Nov 10
Last Checked: Nov 12 at 4:57AM
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 Tier One Real Estate Pros LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this four-unit quadplex contains 22 bedrooms and 7 bathrooms across spacious residential layouts. Interior features include hardwood and tile flooring, while Navien heating and hot water systems serve each floor. Laundry is available within the units or on their respective floors, supporting practical day-to-day operations.
The property is located in Downtown Troy at 168 3rd Street. A recently installed roof is accompanied by a transferable warranty. The combination of four residential units, substantial bedroom count, multiple bathrooms, updated building systems, and flexible interior layouts creates a property suited to a range of multifamily rental arrangements.
The property is located in Downtown Troy at 168 3rd Street. A recently installed roof is accompanied by a transferable warranty. The combination of four residential units, substantial bedroom count, multiple bathrooms, updated building systems, and flexible interior layouts creates a property suited to a range of multifamily rental arrangements.
Key Highlights
- Four‑unit quadplex with 22 bedrooms and 7 bathrooms
- Navien heating and hot water systems on each floor
- Hardwood and tile flooring throughout the residential interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,531
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,620
$1.3M
Cap Rate 7%
$907,586
$907.6K
Cap Rate 9%
$705,900
$705.9K
Market Conditions
NOI Build-Up for 5,234 SF
Gross rent
$121.8K $23.28/SF
− Vacancy
−$6.3K −$1.21/SF
EGI
$115.5K $22.07/SF
− OpEx
−$52.0K −$9.93/SF
NOI
$63.5K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,620
Cap Rate 7%
$907,586
Cap Rate 9%
$705,900
Alternative Uses
Best Use
Multifamily LT 5
$979.3K
$856.9K – $1.14M
NOI $68,553 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$907.6K
$794.1K – $1.06M
NOI $63,531 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,589 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
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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
$233,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Rensselaer County, NY
Properties on Market for Quadplexes in Rensselaer County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Large residential layouts include hardwood and tile finishes, plus convenient laundry facilities on each floor.
Where is this quadplex located?
The property is located at 168 3rd Street Troy, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Four‑unit quadplex with 22 bedrooms and 7 bathrooms; Navien heating and hot water systems on each floor; Hardwood and tile flooring throughout the residential interiors
