Remodeled Duplex with
For Sale
$334,900
169 Hoosick Street, Troy, NY 12180
Updated two-family property with in-unit laundry and a vacant first-floor residence.
Property Size2,688 SF
Price / SF$124.59
Days on Market38
Property Features for 169 Hoosick Street
General Information
Standard status
Active
Size
2,688 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,000
Amenities
in-unit washer/dryer
off-street parking
yard
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Miranda Real Estate Group Inc
(518) 935-3769
Listed By:
Scott Frahm
(518) 935-3769
Source:
Capmarkrealty
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 30 at 1:42PM
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 Miranda Real Estate Group Inc
Investment Insights
Based on property information with market context.
Built in 1930, this 2,688-square-foot duplex has undergone extensive interior updates. The two residences feature refreshed bathrooms, new flooring, and remodeled kitchens equipped with dishwashers, quartz countertops, and soft-close cabinetry. Each unit also includes its own washer and dryer.
The property includes rear off-street parking and a small yard. The first-floor residence is vacant and ready for occupancy, while the layout supports either long-term rental use or a potential short-term rental strategy. Located along the Hoosick Street corridor in Troy, the property offers a remodeled two-family configuration with practical household amenities.
The property includes rear off-street parking and a small yard. The first-floor residence is vacant and ready for occupancy, while the layout supports either long-term rental use or a potential short-term rental strategy. Located along the Hoosick Street corridor in Troy, the property offers a remodeled two-family configuration with practical household amenities.
Key Highlights
- 2,688‑square‑foot duplex built in 1930
- Remodeled kitchens with quartz countertops, dishwashers, and soft‑close cabinetry
- Updated bathrooms and new flooring throughout the residences
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
$28,712
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
8.57%
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%
$574,240
$574.2K
Cap Rate 7%
$410,171
$410.2K
Cap Rate 9%
$319,022
$319.0K
Market Conditions
NOI Build-Up for 2,688 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
$54.8K $20.40/SF
− Vacancy
−$2.6K −$0.98/SF
EGI
$52.2K $19.42/SF
− OpEx
−$23.5K −$8.74/SF
NOI
$28.7K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$574,240
Cap Rate 7%
$410,171
Cap Rate 9%
$319,022
Alternative Uses
Best Use
Multifamily LT 5
$443.4K
$388.0K – $517.3K
NOI $31,037 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.5K
NOI $28,712 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$838.8K
$733.9K – $978.6K
NOI $58,714 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,297
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
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 - Updated two-family property with in-unit laundry and a vacant first-floor residence.
Where is this duplex located?
The property is located at 169 Hoosick Street Troy, NY.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 2,688‑square‑foot duplex built in 1930; Remodeled kitchens with quartz countertops, dishwashers, and soft‑close cabinetry; Updated bathrooms and new flooring throughout the residences
