Triplex with Heated
New
For Sale
$975,000
23 Flower Road, Troy, NY 12180
MultiFamily, Troy, NY
Property Size1,600 SF
Lot Size4.14 Acres
Price / SF$180.49
Days on Market2
Property Features for 23 Flower Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 6, Bedroom 2, Bathroom 5, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 9, Bedroom 5, Bedroom 1, Bedroom 8
Parking
10
Parking features
Garage, Driveway, Open
Patio and Porch features
Deck, Porch
Interior features
Paddle Fan, Walk-In Closet(s), Cathedral Ceiling(s), Ceramic Tile Bath
Fireplace
1
Basement
Full
Lot features
Landscaped, Rolling Slope, Cleared
Elementary school district
Brunswick (brittonkill)
Middle school district
Brunswick (brittonkill)
High school district
Brunswick (brittonkill)
Directions
Rt 7 out of Troy, into Brunswick - to a right onto Flower Road.
Standard status
Active
APN
382200 73.-1-41
Size
5,402 SF
Lot size
4.14 Acres
Taxes and HOA fees
Tax Annual Amount
16021
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Baseboard
Water source
Well
Building Details
Year built
1959
Number of units
3
Flooring type
Tile - Ceramic, Hardwood
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Additional Structures
Residence
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Donald Smith · License #30SM0655779
(518) 495-0606
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 10:06PM
MLS# 202628365
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on 4.14 acres, this triplex combines a renovated main residence with two two-bedroom apartments above a detached heated garage. The property totals 5,402 square feet. The main home has hardwood and ceramic flooring, a built-in-appliance kitchen, a first-floor primary suite, three additional bedrooms, and a vaulted bonus area. A basement and attached two-car garage provide additional storage and workshop space. The home also includes a covered porch, rear deck, landscaped yard, and in-ground pool.
The detached garage measures 50 by 32 feet and has two 12-by-14-foot overhead doors and a half bath. Each apartment is approximately 800 square feet, with a private driveway and parking. New roofs were installed on both the residence and the detached garage/apartment within the past two years. The property is located at 23 Flower Road in Troy, New York.
The detached garage measures 50 by 32 feet and has two 12-by-14-foot overhead doors and a half bath. Each apartment is approximately 800 square feet, with a private driveway and parking. New roofs were installed on both the residence and the detached garage/apartment within the past two years. The property is located at 23 Flower Road in Troy, New York.
Key Highlights
- Three‑unit property with a main residence and two two‑bedroom apartments
- 5,402 square feet on 4.14 acres
- Detached heated garage measures 50' x 32' and includes two 12' x 14' overhead doors and a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,754
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,080
$1.4M
Cap Rate 7%
$1,010,771
$1.0M
Cap Rate 9%
$786,156
$786.2K
Market Conditions
NOI Build-Up for 5,402 SF
Gross rent
$107.0K $19.80/SF
− Vacancy
−$5.9K −$1.09/SF
EGI
$101.1K $18.71/SF
− OpEx
−$30.3K −$5.61/SF
NOI
$70.8K $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%
$1,415,080
Cap Rate 7%
$1,010,771
Cap Rate 9%
$786,156
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$884.4K – $1.18M
NOI $70,754 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$936.7K
$819.6K – $1.09M
NOI $65,571 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,529 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two separate two-bedroom apartments accompany the renovated primary residence.
Where is this triplex located?
The property is located at 23 Flower Road Troy, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three‑unit property with a main residence and two two‑bedroom apartments; 5,402 square feet on 4.14 acres; Detached heated garage measures 50' x 32' and includes two 12' x 14' overhead doors and a half bath
