Duplex on Double
2303 Burdett Avenue Troy, NY 12180
2303 Burdett Avenue, Troy, NY, 12180
$465,000
For Sale
$465,000
Spacious 7-bedroom, 2-bath duplex on a double lot near RPI and Samaritan Hospital, with recent cosmetic updates.
Property Size2,632 SF
Price / SF$176.67
Days on Market373
Property Features for 2303 Burdett Avenue
General Information
- Standard status
- Active
- Size
- 2,632 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1913
Listing agency
New Scotland Realty
(603) 209-1976
Listed by
Samantha M Curry · License #10491209794
(603) 209-1976
Source
Compass
Added: Jul 15, 2025 Updated: Jul 22 at 5:38AM Checked: Jul 22 at 5:38AM
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 New Scotland Realty
Investment Insights
Based on property information with market context.
This duplex offers a generous layout with seven bedrooms and two bathrooms, situated on a double lot. The property is described as being in excellent condition, with many recent cosmetic updates already completed.
Located at 2303 Burdett Avenue in Troy, the home is about 0.2 miles from RPI and approximately 0.6 miles from Samaritan Hospital, supporting convenient access to major local institutions.
Beyond the current configuration, the listing notes potential for additional value through finishing the attic space for more living area, as well as further development of the additional lot. The combination of a flexible layout and room for expansion can appeal to buyers looking for either an owner-occupant residence or an income-producing property.
Located at 2303 Burdett Avenue in Troy, the home is about 0.2 miles from RPI and approximately 0.6 miles from Samaritan Hospital, supporting convenient access to major local institutions.
Beyond the current configuration, the listing notes potential for additional value through finishing the attic space for more living area, as well as further development of the additional lot. The combination of a flexible layout and room for expansion can appeal to buyers looking for either an owner-occupant residence or an income-producing property.
Key Highlights
- Spacious 7‑bedroom, 2‑bath duplex on a double lot
- Just 0.2 miles to RPI and 0.6 miles to Samaritan Hospital
- Year built 1913
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 | $45.8k | $17.40 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $43.4k | $16.50 |
| − OpEx | −$13.0k | −$4.95 |
| NOI | $30.4k | $11.55 |
2,632 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.2K
$379.9K – $506.5K
NOI $30,391 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.6K
NOI $28,114 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$821.3K
$718.6K – $958.2K
NOI $57,491 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Spacious 7-bedroom, 2-bath duplex on a double lot near RPI and Samaritan Hospital, with recent cosmetic updates.
Where is this duplex located?
The property is located at 2303 Burdett Avenue Troy, NY.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Spacious 7‑bedroom, 2‑bath duplex on a double lot; Just 0.2 miles to RPI and 0.6 miles to Samaritan Hospital; Year built 1913
