Three-Unit Residential Income
New
For Sale
$309,900
36 13th Street, Troy, NY 12180
An adjacent lot accompanies the fully occupied building, adding outdoor space or parking potential.
Property Size2,100 SF
Price / SF$147.57
Days on Market2
Property Features for 36 13th Street
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,637
Building Details
Year Built
1900
Listing Agency:
Verity Realty LLC
Listed By:
Corey Schaefgen
(518) 249-2366
Source:
Capmarkrealty
Added: Oct 30
Last Checked: Oct 30 at 3:08PM
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 Verity Realty LLC
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Investment Insights
Based on property information with market context.
The 1900-built residential income property contains three units and is fully occupied. The sale also includes the neighboring parcel at 34 13th St, providing additional land alongside the building.
The property is two blocks from the RPI campus. Prospect Park and the Congress Street shops and restaurants are within walking distance. Current tax records identify the building as having 5 bedrooms; the Building Department has indicated additional bedrooms may be possible following reinspection.
The property is two blocks from the RPI campus. Prospect Park and the Congress Street shops and restaurants are within walking distance. Current tax records identify the building as having 5 bedrooms; the Building Department has indicated additional bedrooms may be possible following reinspection.
Key Highlights
- Three‑unit property, fully occupied
- 2,100 square feet; built in 1900
- Sale includes adjacent lot at 34 13th St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,505
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,100
$550.1K
Cap Rate 7%
$392,929
$392.9K
Cap Rate 9%
$305,611
$305.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$41.6K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.3K $18.71/SF
− OpEx
−$11.8K −$5.61/SF
NOI
$27.5K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,100
Cap Rate 7%
$392,929
Cap Rate 9%
$305,611
Alternative Uses
Best Use
Multifamily LT 5
$392.9K
$343.8K – $458.4K
NOI $27,505 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$364.1K
$318.6K – $424.8K
NOI $25,490 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$525.0K
$459.4K – $612.5K
NOI $36,748 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,555
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - An adjacent lot accompanies the fully occupied building, adding outdoor space or parking potential.
Where is this triplex located?
The property is located at 36 13th Street Troy, NY.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Three‑unit property, fully occupied; 2,100 square feet; built in 1900; Sale includes adjacent lot at 34 13th St
