18 Summit Avenue Troy, NY 12180
MULTI_FAMILY - Other - Troy, NY
- Added:
- Jul 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 12 at 8:06 pm
Property Features for 18 Summit Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 1, Bedroom 1
- Parking
- 4
- Parking features
- Off Street, Driveway, Garage
- Security features
- Security System
- Patio and Porch features
- Porch
- Interior features
- Crown Molding
- Basement
- Full
- Standard status
- Active
- APN
- 381700 90.72-2-4
- Size
- 2,326 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7928
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating), Radiant
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
- Flooring type
- Tile, Tile - Ceramic, Hardwood
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Joyce Brown License #40BR1150323 (518) 596-5835
Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY (518) 371-4500
Listing date Jul 9, 2026
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.
The property sits on a quiet dead-end street and includes a fully vinyl-fenced side and backyard. Outside improvements also include a spacious detached two-car garage, providing both parking and storage. The home is located in Troy, New York, in the Frear Park neighborhood, within Rensselaer County.
With its legal two-family zoning and current single-family configuration, the home may fit buyers seeking an owner-occupant setup with the option to convert back to rental use, as well as those looking for a multi-generational or flexible living arrangement. The enclosed yard and detached garage add practical day-to-day utility for tenants or an owner household.
Key Highlights
- Legally zoned two‑family home (can be used as a single‑family), offering flexibility for rental income or multi‑generational living
- Updated first‑floor kitchen with stainless steel appliances; includes Bluetooth capability
- Hardwood flooring plus tile flooring; crown molding and custom built‑ins throughout
Local Financial Insights For Apartment 5plus
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 | $47.5k | $20.40 |
| − Vacancy | −$2.3k | −$0.98 |
| EGI | $45.2k | $19.42 |
| − OpEx | −$20.3k | −$8.74 |
| NOI | $24.8k | $10.68 |
