Building Details

Year Built 1905

Listing Agency: Cartier Real Estate Group LLC

Listed By: Michael Field · License #10491203035 Show Phone

Source: Fieldrealty

Added: Sep 2 Changed: Oct 21 Last Checked: Oct 20 at 8:17PM

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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 Cartier Real Estate Group LLC

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Investment Insights

Based on property information with market context.

This duplex contains two residences totaling 2,244 square feet, with each unit arranged as a four-bedroom layout. The property was built in 1905 and has undergone extensive remodeling, including updated plumbing and electrical systems, modernized kitchens, finished bathrooms with tiled showers, and refreshed interior finishes.

Each unit is equipped with its own Navien heat and hot water system, providing separate mechanical service for the residences. With eight bedrooms overall and substantially updated interiors, the building offers a large two-unit configuration for multifamily ownership or an owner-occupant arrangement.

Key Highlights

• Two‑unit duplex with 2,244 square feet
• Each residence offers a 4‑bedroom layout
• 8 total bedrooms across the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,238

Cap Rate

8.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$544,760 $544.8K

Cap Rate 7%

$389,114 $389.1K

Cap Rate 9%

$302,644 $302.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,244 SF

Gross rent

$52.2K $23.28/SF

− Vacancy

−$2.7K −$1.21/SF

EGI

$49.5K $22.07/SF

− OpEx

−$22.3K −$9.93/SF

NOI

$27.2K $12.14/SF

Area

Rensselaer County, NY

Vacancy

5.20%

Lease Rate

$23.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$544,760

Cap Rate 7%

$389,114

Cap Rate 9%

$302,644

Alternative Uses

Best Use

Multifamily LT 5

$419.9K

$367.4K – $489.9K (±1% cap)

NOI $29,391 @ 7.0% cap · market cap 9.33%

Second Best

Apartment 5plus

$389.1K

$340.5K – $454.0K (±1% cap)

NOI $27,238 @ 7.0% cap · market cap 8.65%

Theoretical Best

Office A

$561.0K

$490.8K – $654.5K (±1% cap)

NOI $39,267 @ 7.0% cap · market cap 12.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Location Intelligence

Trade Area within ½ mile

1,037

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two spacious residences feature updated systems, modern kitchens, tiled-shower bathrooms, and separate Navien heating and hot water.

Where is this duplex located?

The property is located at 326 9th St Troy, NY.

What is the asking price?

The asking price for this property is $314,999.

What are key features of this property?

This property features: Two‑unit duplex with 2,244 square feet; Each residence offers a 4‑bedroom layout; 8 total bedrooms across the property