10-Bedroom Apartment
New
For Sale
$500,000
2334 17th St, Troy, NY 12180
An updated residential income property with a substantial rear yard on a parcel exceeding half an acre.
Property Size2,200 SF
Price / SF$227.27
Days on Market2
Property Features for 2334 17th St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1890
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Nov 4
Last Checked: Nov 4 at 11:03AM
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
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.
This 10-bedroom apartment building contains 2,200 square feet and was built in 1890. The property is described as updated, and the parcel spans more than half an acre with a large yard behind the building.
Two of the ten bedrooms are currently rented, providing a snapshot of the property's present occupancy. The asset is located at 2334 17th St in Troy, New York.
Two of the ten bedrooms are currently rented, providing a snapshot of the property's present occupancy. The asset is located at 2334 17th St in Troy, New York.
Key Highlights
- 10 bedrooms; 2 are currently rented
- 2,200‑square‑foot building, constructed in 1890
- Property occupies more than half an acre with a large rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,704
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,080
$534.1K
Cap Rate 7%
$381,486
$381.5K
Cap Rate 9%
$296,711
$296.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$51.2K $23.28/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$48.6K $22.07/SF
− OpEx
−$21.8K −$9.93/SF
NOI
$26.7K $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 Rate 5%
$534,080
Cap Rate 7%
$381,486
Cap Rate 9%
$296,711
Alternative Uses
Best Use
Apartment 5plus
$381.5K
$333.8K – $445.1K
NOI $26,704 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.0K
$481.2K – $641.6K
NOI $38,498 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,337
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?
Multifamily property - An updated residential income property with a substantial rear yard on a parcel exceeding half an acre.
Where is this multifamily property located?
The property is located at 2334 17th St Troy, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 10 bedrooms; 2 are currently rented; 2,200‑square‑foot building, constructed in 1890; Property occupies more than half an acre with a large rear yard
