Duplex with Coin-Operated
For Sale
$650,000
2166 14TH Street, Troy, NY 12180
Brick construction, 12 bedrooms and four full baths define this multi-residence property.
Property Size4,692 SF
Price / SF$138.53
Days on Market13
Property Features for 2166 14TH Street
General Information
Standard status
Active
Size
4,692 SF
Property subtype
Multi-family
Building Details
Year Built
1920
Listing Agency:
Heer Realty Inc
Listed By:
John A Mainello · License #40MA1036191
(518) 272-4500
Source:
Signatureonerealtygroup
Added: Sep 19
Changed: Sep 30
Last Checked: Oct 1 at 11:18AM
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 Heer Realty Inc
Investment Insights
Based on property information with market context.
This 4,692-square-foot brick duplex, built in 1920, is configured with 12 bedrooms and four full bathrooms. A coin-operated laundry room has two washers and two dryers, and the roof is six years old. The property is zoned Multi Residence.
The building is steps from Peoples Ave and sits within the Residential Dormitory Area near RPI. The owners have held the property for more than 30 years.
The building is steps from Peoples Ave and sits within the Residential Dormitory Area near RPI. The owners have held the property for more than 30 years.
Key Highlights
- 4,692‑square‑foot brick duplex with 12 bedrooms and 4 full baths
- Coin‑operated laundry room with 2 washers and 2 dryers
- Roof is 6 years old
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
$56,952
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
8.76%
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%
$1,139,040
$1.1M
Cap Rate 7%
$813,600
$813.6K
Cap Rate 9%
$632,800
$632.8K
Market Conditions
NOI Build-Up for 4,692 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
$109.2K $23.28/SF
− Vacancy
−$5.7K −$1.21/SF
EGI
$103.5K $22.07/SF
− OpEx
−$46.6K −$9.93/SF
NOI
$57.0K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /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%
$1,139,040
Cap Rate 7%
$813,600
Cap Rate 9%
$632,800
Alternative Uses
Best Use
Multifamily LT 5
$877.9K
$768.2K – $1.02M
NOI $61,454 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$813.6K
$711.9K – $949.2K
NOI $56,952 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,105 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,772
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick construction, 12 bedrooms and four full baths define this multi-residence property.
Where is this duplex located?
The property is located at 2166 14TH Street Troy, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,692‑square‑foot brick duplex with 12 bedrooms and 4 full baths; Coin‑operated laundry room with 2 washers and 2 dryers; Roof is 6 years old
