Multifamily Income Property

2363 Burdett Avenue Troy, NY 12180

Claim this Listing
Pending
$275,000

MULTI_FAMILY - Other - Troy, NY

Property size:
2,200 SF
Lot size:
0.12 Acres
Added:
May 14, 2026
Days on Market:
61
Last Refresh:
Jul 13 at 8:06 am

Property Features for 2363 Burdett Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1
Parking
2
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Built-in Features
Fencing
Fenced
Basement
Full
Standard status
Pending
APN
381700 101.40-4-3
Size
2,200 SF
Lot size
0.12 Acres

Taxes and HOA fees

Tax Annual Amount
5844

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public

Building Details

Year built
1890
Number of units
2
Flooring type
Linoleum, Hardwood
Building materials
Aluminum Siding
Roof type
Rubber
Architectural style
Other

Listing agent Jamie Mamone License #10401374472

Listing office Real Broker NY LLC 401 Park Avenue S 10th Fl, New York, NY

Listing date May 14, 2026

MLS# 202617270 Listing URL

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.


Investment Insights

Based on property information with market context.

This multifamily property is configured to provide a total of five bedrooms and two full bathrooms, suited to tenants seeking multiple sleeping areas and full bath access. With an overall size of 2,200 square feet and a lot size of 0.12 acres, the offering is designed for residential income use and can support an owner-occupant model as well as traditional tenancy.

Located at 2363 Burdett Avenue in Troy, NY 12180, the property is described as being just steps from RPI. The surrounding area is also noted as walkable to downtown Troy, along with restaurants and shops. The listing further indicates easy access to major highways, which can be useful for tenant commuting and daily convenience.

For buyers evaluating residential income options, the combination of multiple bedrooms and two full baths helps broaden tenant fit and supports household needs. This home may also appeal to owner-occupants who want to offset their living costs with additional rental income, given the multifamily configuration and nearby demand drivers cited in the remarks.

Key Highlights

  • Multifamily home with 5 bedrooms and 2 full bathrooms
  • Built in 1890 with aluminum siding exterior
  • Natural gas hot water heating and cable available

Local Financial Insights For Apartment 5plus

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 $44.9k $20.40
− Vacancy −$2.2k −$0.98
EGI $42.7k $19.42
− OpEx −$19.2k −$8.74
NOI $23.5k $10.68
2,200 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.4K (±1% cap)
NOI $25,403 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$335.7K
$293.7K – $391.7K (±1% cap)
NOI $23,499 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$686.5K
$600.7K – $800.9K (±1% cap)
NOI $48,055 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Nail Salon HVAC Service Kitchen & Bath Showroom Storage Facility Furniture & Home Goods Computer & Electronic Repair Accounting Firm Big Box & Wholesale Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Multifamily property with five bedrooms and two full baths near RPI, offering a flexible setup for rental or owner occupancy.
Where is this duplex located?
The property is located at 2363 Burdett Avenue Troy, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Multifamily home with 5 bedrooms and 2 full bathrooms; Built in 1890 with aluminum siding exterior; Natural gas hot water heating and cable available
Contact an agent
More about this property
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