Updated Multifamily
2422 Lavin Court Troy, NY 12180
2422 Lavin Court, Troy, NY, 12180
$309,000
For Sale
$309,000
Well-updated duplex with two units featuring 3 bedrooms each, updated kitchens, and separate electrical meters.
Property Size2,612 SF
Price / SF$118.30
Days on Market98
Property Features for 2422 Lavin Court
General Information
- Standard status
- Active
- Size
- 2,612 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1940
Listing agency
NH Capital Realty
(347) 421-5006
Listed by
Nii N Nortey · License #10491213333
(347) 421-5006
Source
Compass
Added: Apr 16 Updated: Jul 21 at 3:40AM Checked: Jul 21 at 3:40AM
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 NH Capital Realty
Investment Insights
Based on property information with market context.
This spacious, well-updated multifamily duplex offers two residential units, each with three bedrooms and one full bathroom. Interiors feature bright, open living areas that flow into updated kitchens with quartz countertops and new cabinetry. Updates continue throughout with fresh paint, updated windows, and tiled bathrooms. Exterior improvements include a new roof dated 2026, updated front steps, and rear deck access. A 1-car garage adds convenience and storage. Major systems have been refreshed with a new 200-amp electrical panel, separate electrical meters, a new gas meter, and a high-efficiency hot air furnace on both floors.
The property is located on Lavin Court and is described as a short walk to Frear Park, with minutes to RPI, downtown Troy, and major highways.
The property is located on Lavin Court and is described as a short walk to Frear Park, with minutes to RPI, downtown Troy, and major highways.
Key Highlights
- Duplex built in 1940 with 2 units, each offering 3 bedrooms and 1 full bathroom
- Updated kitchens include quartz countertops and new cabinetry
- New roof in 2026 plus updated front steps and rear deck/porch access
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 | $53.3k | $20.40 |
| − Vacancy | −$2.6k | −$0.98 |
| EGI | $50.7k | $19.42 |
| − OpEx | −$22.8k | −$8.74 |
| NOI | $27.9k | $10.68 |
2,612 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$430.9K
$377.0K – $502.7K
NOI $30,160 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$398.6K
$348.8K – $465.0K
NOI $27,900 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$815.1K
$713.2K – $950.9K
NOI $57,054 @ 7.0% cap · market cap 18.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-updated duplex with two units featuring 3 bedrooms each, updated kitchens, and separate electrical meters.
Where is this duplex located?
The property is located at 2422 Lavin Court Troy, NY.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Duplex built in 1940 with 2 units, each offering 3 bedrooms and 1 full bathroom; Updated kitchens include quartz countertops and new cabinetry; New roof in 2026 plus updated front steps and rear deck/porch access
