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Lansingburgh Two-Family Investment Property

30 118th Street Troy, NY 12182

30 118th Street, Troy, NY, 12182

$269,900

For Sale

$269,900

Two-unit property in Lansingburgh near downtown Troy.

Property Size1,896 SF

Price / SF$142.35

AddedMar 25

Days on Market112

Last RefreshJul 5 at 3:24 am

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

Listing office Empire Real Estate Firm LLC

Listing date Mar 25, 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

Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 Uses

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.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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Suggested Use

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For sale
Duplexes
NY
Troy
12182
30 118th Street

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.