Two-Unit Multifamily
For Sale
$360,000
338 Taylor Court, Troy, NY 12180
Property currently used as single-family, with separated utilities and two updated kitchens, positioned for easy return to a duplex layout.
Property Size2,810 SF
Price / SF$128.11
Days on Market29
Property Features for 338 Taylor Court
General Information
Standard status
Active
Size
2,810 SF
Total Parking Spaces
3
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
garage
deck
garden
full basement
walk-up attic
enclosed front porches
enclosed rear porches
Building Details
Year Built
1925
Year Renovated
2025
Stories
2
Tenancy
Multi
Listing Agency:
IRE Home Services
Listed By:
Adam D Shelmerdine
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 6
Changed: Jul 23
Last Checked: Jul 24 at 11:08PM
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 IRE Home Services
Investment Insights
Based on property information with market context.
This large two-unit property is currently being used as a single-family home, with the ability to restore two true private entrances by enclosing an interior doorway. Both kitchens remain in place and are described as updated, with the main-level kitchen modernized in 2025. The home includes original refinished hardwood floors, wood trim, and built-in glass cabinets in both formal dining rooms, along with a full basement and a walk-up attic. The layout features 6 bedrooms and 2 full baths, two large glass-enclosed front porches, and additional enclosed rear porches. Practical amenities include a 3-car garage with two electric openers and one manual door used for storage, plus a tiered deck overlooking a perennial garden.
Set in the Sycaway area near Frear Park, the property is described as a short drive to the RPI campus and multiple grocery stores. It is also positioned near eateries, Samaritan Hospital, and numerous doctors’ offices.
Recent and ongoing improvements noted in the provided details include interior window updates in 2025 (excluding the porches), a chimney liner installation for the first floor, a commercial-grade first-floor hot water tank upgrade in 2025, a full roof replacement in 2008 with a 30-year warranty, and furnace maintenance with professional duct cleaning. Appliances pictured are included.
Set in the Sycaway area near Frear Park, the property is described as a short drive to the RPI campus and multiple grocery stores. It is also positioned near eateries, Samaritan Hospital, and numerous doctors’ offices.
Recent and ongoing improvements noted in the provided details include interior window updates in 2025 (excluding the porches), a chimney liner installation for the first floor, a commercial-grade first-floor hot water tank upgrade in 2025, a full roof replacement in 2008 with a 30-year warranty, and furnace maintenance with professional duct cleaning. Appliances pictured are included.
Key Highlights
- 1925 built two‑unit property currently used as a single‑family home in Sycaway near Frear Park
- Nearly 3,000 sqft total including 1st and 2nd floor enclosed front porches, with 6 bedrooms and 2 full baths
- Conversion‑ready setup with separated mechanicals and services plus both kitchens still present for a return to a duplex
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 | $48.9k | $17.40 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $46.4k | $16.50 |
| − OpEx | −$13.9k | −$4.95 |
| NOI | $32.4k | $11.55 |
2,810 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$463.5K
$405.6K – $540.8K
NOI $32,446 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$428.8K
$375.2K – $500.3K
NOI $30,015 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$876.8K
$767.2K – $1.02M
NOI $61,379 @ 7.0% cap · market cap 17.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
773
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
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Frequently Asked Questions
What type of property is this?
Duplex - Property currently used as single-family, with separated utilities and two updated kitchens, positioned for easy return to a duplex layout.
Where is this duplex located?
The property is located at 338 Taylor Court Troy, NY.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1925 built two‑unit property currently used as a single‑family home in Sycaway near Frear Park; Nearly 3,000 sqft total including 1st and 2nd floor enclosed front porches, with 6 bedrooms and 2 full baths; Conversion‑ready setup with separated mechanicals and services plus both kitchens still present for a return to a duplex
