Downtown Duplex with Private
306 4th Street Troy, NY 12180
For Sale
$324,900
Duplex with a private backyard and off-street parking accessed via a rear alleyway.
Property Size2,289 SF
Price / SF$141.94
Days on Market62
Property Features for 306 4th Street
General Information
- Standard status
- Active
- Size
- 2,289 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1910
Listing Agency:
McDonald Real Estate Comp LLC
(518) 505-4977
Listed By:
Colin McDonald · License #10491210476
(518) 505-4977
Source:
Compass
Added: May 24
Changed: Jul 20
Last Checked: Jul 23 at 10:38AM
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 McDonald Real Estate Comp LLC
Investment Insights
Based on property information with market context.
This duplex is set up as a residential income property with original details still present throughout. Updates include a newer roof, chimney, and electrical, along with some fresh paint. The home also includes a private backyard for outdoor space.
The property is located in Troy’s downtown neighborhood, within walking distance of the Riverfront and RPI, as well as local dining, galleries, coffee shops, retail, tech, and farmer’s market activity.
Off-street parking is available in the rear via an alleyway, supporting convenient access for residents and guests.
The property is located in Troy’s downtown neighborhood, within walking distance of the Riverfront and RPI, as well as local dining, galleries, coffee shops, retail, tech, and farmer’s market activity.
Off-street parking is available in the rear via an alleyway, supporting convenient access for residents and guests.
Key Highlights
- Duplex in Troy’s downtown neighborhood with private backyard and off‑street parking accessed via a rear alleyway
- Newer roof, chimney, and electrical, plus some fresh paint
- Flat roof; vinyl siding exterior
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 | $39.8k | $17.40 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $37.8k | $16.50 |
| − OpEx | −$11.3k | −$4.95 |
| NOI | $26.4k | $11.55 |
2,289 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.6K
$330.4K – $440.5K
NOI $26,430 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$349.3K
$305.6K – $407.5K
NOI $24,450 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$714.3K
$625.0K – $833.3K
NOI $49,999 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with a private backyard and off-street parking accessed via a rear alleyway.
Where is this duplex located?
The property is located at 306 4th Street Troy, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Duplex in Troy’s downtown neighborhood with private backyard and off‑street parking accessed via a rear alleyway; Newer roof, chimney, and electrical, plus some fresh paint; Flat roof; vinyl siding exterior
