Value-Add Three-Unit
2425 5th Avenue Troy, NY 12180
2425 5th Avenue, Troy, NY, 12180
$489,900
For Sale
$489,900
Three-unit multifamily property with separate utilities, with two units already renovated and one unit awaiting updates.
Property Size3,744 SF
Price / SF$130.85
Days on Market72
Property Features for 2425 5th Avenue
General Information
- Standard status
- Active
- Size
- 3,744 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1890
Listing agency
Lincoln House Realty
(518) 469-6238
Listed by
John Alund · License #10491208073
(518) 469-6238
Source
Compass
Added: May 12 Updated: Jul 21 at 3:21AM Checked: Jul 21 at 3:21AM
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 Lincoln House Realty
Investment Insights
Based on property information with market context.
2425 5th Avenue is a three-unit multifamily property in Troy offering separate utilities for each unit. The building features three residential units, with two of the units already renovated and one unit providing opportunity for additional updates.
The property is located directly behind the brand-new Central Rock Gym and just minutes from downtown Troy, with access to restaurants, shopping, and major commuter routes.
As a value-add income property, it offers an investor-focused configuration with independent utilities and recent improvements already in place for part of the building.
The property is located directly behind the brand-new Central Rock Gym and just minutes from downtown Troy, with access to restaurants, shopping, and major commuter routes.
As a value-add income property, it offers an investor-focused configuration with independent utilities and recent improvements already in place for part of the building.
Key Highlights
- 3‑unit multifamily property with separate utilities
- Two of the three units have already been renovated; one unit awaiting updates
- Brick exterior with a garden exterior feature
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 | $65.1k | $17.40 |
| − Vacancy | −$3.4k | −$0.90 |
| EGI | $61.8k | $16.50 |
| − OpEx | −$18.5k | −$4.95 |
| NOI | $43.2k | $11.55 |
3,744 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$617.6K
$540.4K – $720.5K
NOI $43,231 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$571.3K
$499.9K – $666.5K
NOI $39,991 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,780 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit multifamily property with separate utilities, with two units already renovated and one unit awaiting updates.
Where is this triplex located?
The property is located at 2425 5th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 3‑unit multifamily property with separate utilities; Two of the three units have already been renovated; one unit awaiting updates; Brick exterior with a garden exterior feature
