For Sale
$390,000
303 Spring Avenue, Troy, NY 12180
Duplexes
Property Size2,690 SF
Price / SF$144.98
Days on Market23
Property Features for 303 Spring Avenue
General Information
Standard status
Active
Size
2,690 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Howard Hanna Capital Inc
Listed By:
Kristin M McClenaghan
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 12
Changed: Jul 21
Last Checked: Aug 2 at 3:16PM
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.
Key Highlights
- Classic brick 2‑family home built in 1920 with a slate roof
- Over 2,900 sq. ft. total, offering a spacious layout suited for multi‑generational living or long‑term owner occupancy
- Each oversized flat features hardwood floors, high ceilings, and large sun‑filled rooms
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 | $46.8k | $17.40 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $44.4k | $16.50 |
| − OpEx | −$13.3k | −$4.95 |
| NOI | $31.1k | $11.55 |
2,690 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.7K
$388.3K – $517.7K
NOI $31,060 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$410.5K
$359.2K – $478.9K
NOI $28,733 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$839.4K
$734.5K – $979.3K
NOI $58,758 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
224
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this duplex located?
The property is located at 303 Spring Avenue Troy, NY.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Classic brick 2‑family home built in 1920 with a slate roof; Over 2,900 sq. ft. total, offering a spacious layout suited for multi‑generational living or long‑term owner occupancy; Each oversized flat features hardwood floors, high ceilings, and large sun‑filled rooms
