Duplex with Detached
For Sale
$275,000
27 Lilac Ln, Troy, NY 12180
Two apartments offer separate kitchens, laundry, storage, and updated bathrooms.
Property Size2,200 SF
Lot Size0.62 Acres
Price / SF$125
Days on Market15
Property Features for 27 Lilac Ln
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
2
Lot size
0.62 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
in-unit laundry
front porch
loft storage
Building Details
Year Built
1861
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 526-1800
Listed By:
Brian Walters
(518) 526-1800
Source:
Albanyprimeproperties
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 26 at 12:29PM
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
Built in 1861, this 2,200-square-foot duplex contains two apartments, each with two bedrooms, an eat-in kitchen, in-unit laundry, ample storage, and an updated bathroom. Interior character includes tin ceilings, wide-plank pine flooring, and traditional moulding or beadboard details. Bright living areas and a front porch add usable space for occupants, while off-street parking supports both units.
The property includes a detached two-car garage with loft storage and sits on a 0.62-acre parcel at the end of a dead-end street. Its setting borders Wynantskill Creek and combines a residential environment with access to city amenities in Troy.
The property includes a detached two-car garage with loft storage and sits on a 0.62-acre parcel at the end of a dead-end street. Its setting borders Wynantskill Creek and combines a residential environment with access to city amenities in Troy.
Key Highlights
- 2,200‑square‑foot duplex with two apartments
- Each apartment includes 2 bedrooms, an eat‑in kitchen, in‑unit laundry, storage, and an updated bathroom
- Detached two‑car garage with loft storage
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
Lease Details
2
Residential units
Yes
Paved road access
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: 2,200‑square‑foot duplex with two apartments; Each apartment includes 2 bedrooms, an eat‑in kitchen, in‑unit laundry, storage, and an updated bathroom; Detached two‑car garage with loft storage
