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    Lansingburgh Two-Family Investment Property Title is generated by Realmo AI

    30 118th Street, Troy, NY 12182

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    Claim this Listing
    For Sale
    $269,900

    Two-unit property in Lansingburgh near downtown Troy.

    Type:Multi Family / Duplex
    Property size:
    1,896 SF
    Price / SF:
    $142/SF
    Added:
    May 14, 2026
    Days on Market:
    15
    Last Refresh:
    May 15 at 8:50 pm

    Property Features for 30 118th Street

    General Information

    Standard status
    Active
    Size
    1,896 SF
    Property subtype
    Multi Family / Duplex

    Building Details

    Year Built
    1865

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    Listing Contact
    Giovanni Lisi
    Giovanni Lisi

    Listing agent Giovanni Lisi License #10491213724

    Listing office Empire Real Estate Firm LLC

    Listing date May 14, 2026

    Source Compass

    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 Empire Real Estate Firm LLC

    HighLights

    • Two units, each featuring 2 bedrooms and 2 baths, offering immediate rental income.
    • Located in Lansingburgh, near Downtown Troy, RPI, and Sage College.
    • Spacious floor plans in both units.
    • Solid investment opportunity for cash flow.
    • Convenient access to restaurants, shops, and highways.
    • Heating: Forced Air, Natural Gas.

    Overview

    This two-family property is located in Lansingburgh. Each unit features two bedrooms and two bathrooms, with spacious floor plans. The property is positioned as an investment opportunity for generating cash flow. It is located near downtown Troy, Snowman's Ice Cream, RPI, Sage College, restaurants, shops, and has easy access to highways. The property size is 1896 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $243.2K
    NOI $21,892 @ 9.00% cap · cautious / downside scenario
    Moderate
    $312.7K
    NOI $21,892 @ 7.00% cap · market / base-case scenario
    Aggressive
    $437.8K
    NOI $21,892 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $33.0k $17.40
    − Vacancy −$1.7k −$0.90
    EGI $31.3k $16.50
    − OpEx −$9.4k −$4.95
    NOI $21.9k $11.55
    1,896 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $312.7K
    $273.7K – $364.9K (±1% cap)
    NOI $21,892 @ 7.0% cap · market cap 8.11%
    Second Best
    Apartment 5plus
    $289.3K
    $253.2K – $337.5K (±1% cap)
    NOI $20,252 @ 7.0% cap · market cap 7.50%
    Theoretical Best
    Office A
    $591.6K
    $517.7K – $690.2K (±1% cap)
    NOI $41,414 @ 7.0% cap · market cap 15.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.6726128
    Latitude
    42.7774445

    FAQs

    What type of property is this?
    Duplex - Two-unit property in Lansingburgh near downtown Troy.
    Where is this duplex located?
    The property is located at 30 118th Street Troy, NY.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Two units, each featuring 2 bedrooms and 2 baths, offering immediate rental income.; Located in Lansingburgh, near Downtown Troy, RPI, and Sage College.; Spacious floor plans in both units.
    More about this property
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