Building Details

Year Built 1910

Buildings 1

Listing Agency: Miranda Real Estate Group Inc

Listed By: Amanda L Hart Show Phone

Source: Capmarkrealty

Added: Jul 24 Changed: Sep 11 Last Checked: Oct 9 at 5:24PM

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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 1910, this two-unit duplex offers 2,276 square feet across two-story residences, with two bedrooms and one full bathroom in each unit. The first residence includes a foyer, formal dining room, and living room, while both units have updated kitchens and bathrooms. Separate utilities, shared laundry, and off-street parking add practical functionality.

Recent work includes a new main gas line in 2026, roof and water heaters replaced in 2024, an updated electrical system and panel from 2024, an electronic security key system added in 2025, and a new deck completed in 2024. The property is located on Troy’s East Side, minutes from I-787, Hudson Valley Community College, shopping, restaurants, and downtown Troy.

Key Highlights

• Two‑unit duplex with 2,276 square feet and two‑story layouts
• Each unit includes two bedrooms, one full bathroom, updated kitchen, and updated bathroom
• Separate utilities, shared laundry, and off‑street parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,810

Cap Rate

9.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$596,200 $596.2K

Cap Rate 7%

$425,857 $425.9K

Cap Rate 9%

$331,222 $331.2K

Market Conditions

NOI Build-Up for 2,276 SF

Gross rent

$45.1K $19.80/SF

− Vacancy

−$2.5K −$1.09/SF

EGI

$42.6K $18.71/SF

− OpEx

−$12.8K −$5.61/SF

NOI

$29.8K $13.10/SF

Area

Rensselaer County, NY

Vacancy

5.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$596,200

Cap Rate 7%

$425,857

Cap Rate 9%

$331,222

Alternative Uses

Best Use

Multifamily LT 5

$425.9K

$372.6K – $496.8K (±1% cap)

NOI $29,810 @ 7.0% cap · market cap 9.04%

Second Best

Apartment 5plus

$394.7K

$345.3K – $460.5K (±1% cap)

NOI $27,627 @ 7.0% cap · market cap 8.37%

Theoretical Best

Office A

$569.0K

$497.8K – $663.8K (±1% cap)

NOI $39,827 @ 7.0% cap · market cap 12.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

40

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two spacious residences feature separate utilities, shared laundry, off-street parking, and updated kitchens and bathrooms.

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 $329,900.

What are key features of this property?

This property features: Two‑unit duplex with 2,276 square feet and two‑story layouts; Each unit includes two bedrooms, one full bathroom, updated kitchen, and updated bathroom; Separate utilities, shared laundry, and off‑street parking