Two-Family Residential Income
190 Spring Avenue, Troy, NY 12180
Move-in ready duplex with updated kitchens and baths, separate utilities, shared laundry, and off-street parking.
Type:Multi-family
Property size:
2,276 SFPrice / SF:
$149/SF- Added:
- Jun 1, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 20 at 9:35 am
Property Features for 190 Spring Avenue
General Information
- Standard status
- Active
- Size
- 2,276 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing office Miranda Real Estate Group Inc
Listing date Jun 1, 2026
Source Signatureonerealtygroup
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
HighLights
- Two‑family home built in 1910 with two 2‑bedroom units, each with 1 full bathroom and updated kitchens and bathrooms
- Currently generating just under $3,000/month in rental income, with potential to increase cash flow
- Separate utilities plus shared laundry for each unit, helping support tenant convenience
- Off‑street parking available
- Recent updates include new main gas line (2026), roof and water heaters (2024), updated electrical system and panel (2024), security key system (2025), and new deck (2024)
Overview
This two-family home is well maintained and designed for straightforward owner-occupant or rental use. Each unit offers two bedrooms and one full bathroom, with updated kitchens and bathrooms. The living layout is arranged as a unique two-story configuration, and the first unit includes a welcoming foyer, a formal dining room, and a comfortable living room. The property also features separate utilities, shared laundry, and off-street parking. Current rental income is just under $3,000 per month.
Set on Troy’s East Side, the home is described as conveniently located just minutes from I-787 and near Hudson Valley Community College, shopping, restaurants, and downtown Troy.
For tenants and investors, the combination of updated interiors, separate utilities, and off-street parking supports practical day-to-day living. Recent improvements also help reduce near-term maintenance concerns, including a new main gas line (2026), roof and water heaters (2024), an updated electrical system and panel (2024), an electronic security key system (2025), and a new deck (2024).
Set on Troy’s East Side, the home is described as conveniently located just minutes from I-787 and near Hudson Valley Community College, shopping, restaurants, and downtown Troy.
For tenants and investors, the combination of updated interiors, separate utilities, and off-street parking supports practical day-to-day living. Recent improvements also help reduce near-term maintenance concerns, including a new main gas line (2026), roof and water heaters (2024), an updated electrical system and panel (2024), an electronic security key system (2025), and a new deck (2024).
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 | $39.6k | $17.40 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $37.5k | $16.50 |
| − OpEx | −$11.3k | −$4.95 |
| NOI | $26.3k | $11.55 |
2,276 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.4K
$328.5K – $438.0K
NOI $26,280 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.2K
NOI $24,311 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$710.2K
$621.4K – $828.6K
NOI $49,715 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Albany
- State
- New York
- Longitude
- -73.64631
- Latitude
- 42.706684
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in ready duplex with updated kitchens and baths, separate utilities, shared laundry, and off-street parking.
Where is this duplex located?
The property is located at 190 Spring Avenue Troy, NY.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑family home built in 1910 with two 2‑bedroom units, each with 1 full bathroom and updated kitchens and bathrooms; Currently generating just under $3,000/month in rental income, with potential to increase cash flow; Separate utilities plus shared laundry for each unit, helping support tenant convenience
