12-Bedroom
2165 14th Street, Troy, NY 12180
For Sale
$597,800
Pending
A basement laundry and storage area complements off-street parking for multiple vehicles.
Property Size3,172 SF
Days on Market78
Property Features for 2165 14th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Amenities
laundry
Building Details
Year Built
Listing Agency:
Coldwell Banker Prime Properties
(518) 383-0030
Listed By:
Pierre-Luc Letourneau Leblond · License NY #10301220366
(518) 321-0296
Source:
Simplywoodardrealestate
Added: Aug 25
Changed: Nov 9
Last Checked: Nov 9 at 12:41PM
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 Coldwell Banker Prime Properties
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 12 bedrooms and is currently used for student housing. The basement provides laundry and storage, while off-street parking accommodates 5–6 vehicles. A newer roof is among the building’s updates, and the structure dates to 1890.
Rensselaer Polytechnic Institute is within walking distance. Restaurants, shops, and other Troy amenities are also nearby.
Rensselaer Polytechnic Institute is within walking distance. Restaurants, shops, and other Troy amenities are also nearby.
Key Highlights
- 12 bedrooms across three residential units
- Off‑street parking for 5‑6 vehicles
- Basement laundry and storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,546
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,920
$830.9K
Cap Rate 7%
$593,514
$593.5K
Cap Rate 9%
$461,622
$461.6K
Market Conditions
NOI Build-Up for 3,172 SF
Gross rent
$62.8K $19.80/SF
− Vacancy
−$3.5K −$1.09/SF
EGI
$59.4K $18.71/SF
− OpEx
−$17.8K −$5.61/SF
NOI
$41.5K $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%
$830,920
Cap Rate 7%
$593,514
Cap Rate 9%
$461,622
Alternative Uses
Best Use
Multifamily LT 5
$593.5K
$519.3K – $692.4K
NOI $41,546 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$550.0K
$481.3K – $641.7K
NOI $38,502 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$792.9K
$693.8K – $925.1K
NOI $55,506 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,772
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 Triplexes in Troy, NY
Properties on Market for Triplexes in Troy
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A basement laundry and storage area complements off-street parking for multiple vehicles.
Where is this triplex located?
The property is located at 2165 14th Street Troy, NY.
What is the asking price?
The asking price for this property is $597,800.
What are key features of this property?
This property features: 12 bedrooms across three residential units; Off‑street parking for 5‑6 vehicles; Basement laundry and storage area
