Duplex with Detached Two-Car
For Sale
$275,000
27 Lilac Ln, Troy, NY 12180
Two apartments offer separate kitchens, laundry, storage, and updated bathrooms.
Property Size2,200 SF
Price / SF$125
Days on Market9
Property Features for 27 Lilac Ln
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,741
Listing Agency:
Howard Hanna Capital Inc
(518) 573-2868
Listed By:
Alyssa McClenaghan · License #10401218760
(518) 573-2868
Source:
Exprealty
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 20 at 4:37AM
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 Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex contains two apartments, each with two bedrooms, an oversized eat-in kitchen, in-unit laundry, generous storage, an updated bathroom, and a bright living area. Interior character includes tin ceilings, wide-plank pine flooring, and traditional moulding or beadboard details.
The property occupies a 0.62-acre lot at 27 Lilac Ln in Troy, NY, at the end of a dead-end street and along the Wynantskill Creek. Exterior features include off-street parking, a front porch, and a detached two-car garage with loft storage. The configuration supports both owner-occupancy and investor use.
The property occupies a 0.62-acre lot at 27 Lilac Ln in Troy, NY, at the end of a dead-end street and along the Wynantskill Creek. Exterior features include off-street parking, a front porch, and a detached two-car garage with loft storage. The configuration supports both owner-occupancy and investor use.
Key Highlights
- Two‑unit duplex with 2,200 square feet
- Each apartment includes 2 bedrooms and an oversized eat‑in kitchen
- 0.62‑acre lot bordering the Wynantskill Creek
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,499
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,980
$470.0K
Cap Rate 7%
$335,700
$335.7K
Cap Rate 9%
$261,100
$261.1K
Market Conditions
NOI Build-Up for 2,200 SF
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.
Gross rent
$44.9K $20.40/SF
− Vacancy
−$2.2K −$0.98/SF
EGI
$42.7K $19.42/SF
− OpEx
−$19.2K −$8.74/SF
NOI
$23.5K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,980
Cap Rate 7%
$335,700
Cap Rate 9%
$261,100
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.4K
NOI $25,403 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$335.7K
$293.7K – $391.7K
NOI $23,499 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$686.5K
$600.7K – $800.9K
NOI $48,055 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
205
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate kitchens, laundry, storage, and updated bathrooms.
Where is this duplex located?
The property is located at 27 Lilac Ln 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: Two‑unit duplex with 2,200 square feet; Each apartment includes 2 bedrooms and an oversized eat‑in kitchen; 0.62‑acre lot bordering the Wynantskill Creek
