Brick
For Sale
$360,000
375 8th Street, Troy, NY 12180
MultiFamily, Troy, NY
Property Size2,208 SF
Lot Size0.09 Acres
Price / SF$163.04
Days on Market70
Property Features for 375 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 9, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 8
Parking
1
Basement
Crawl Space, Apartment
Elementary school district
Troy
Middle school district
Troy
High school district
Troy
Directions
Take NY-7 E and merge into Hoosick St then take an immediate left onto Ninth Street and take Ninth down to Rensselaer Street and make a left then another left onto Eighth Street and take that to 375 Eighth.
Standard status
Active
APN
381700 101.22-14-5
Size
2,208 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5106
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1890
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Keith A Wells · License #10401329988
(518) 470-0422
Added: Jul 24
Changed: Sep 18
Last Checked: Oct 1 at 8:06PM
MLS# 202622570
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit residential income property offers 2,208 square feet within a brick building constructed in 1890. The layout includes nine bedrooms and three bathrooms, supporting the property's triplex configuration. The property is being offered as-is and is currently fully occupied.
Public water and public sewer serve the site. Heating is provided through hot water and baseboard systems. The parcel encompasses 0.09 acres in Troy, New York.
Public water and public sewer serve the site. Heating is provided through hot water and baseboard systems. The parcel encompasses 0.09 acres in Troy, New York.
Key Highlights
- Three‑unit property with nine bedrooms and three bathrooms
- 2,208 square feet of building area
- Brick construction dating to 1890
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,920
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,400
$578.4K
Cap Rate 7%
$413,143
$413.1K
Cap Rate 9%
$321,333
$321.3K
Market Conditions
NOI Build-Up for 2,208 SF
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.
Gross rent
$43.7K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.3K $18.71/SF
− OpEx
−$12.4K −$5.61/SF
NOI
$28.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,400
Cap Rate 7%
$413,143
Cap Rate 9%
$321,333
Alternative Uses
Best Use
Multifamily LT 5
$413.1K
$361.5K – $482.0K
NOI $28,920 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$382.9K
$335.0K – $446.7K
NOI $26,801 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$552.0K
$483.0K – $644.0K
NOI $38,638 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,476
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with public water and sewer service.
Where is this triplex located?
The property is located at 375 8th Street 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: Three‑unit property with nine bedrooms and three bathrooms; 2,208 square feet of building area; Brick construction dating to 1890
