Three-Unit Residential Income
375 8th Street Troy, NY 12180
New
For Sale
$360,000
MULTI_FAMILY - Other - Troy, NY
Property Size2,208 SF
Lot Size0.09 Acres
Price / SF$163.04
Days on Market6
Property Features for 375 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
3
Rooms
Bedroom 9, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 3
Parking
1
Basement
Crawl Space, Apartment
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
Last Checked: Jul 29 at 6:06AM
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 fully occupied three-unit residential income property is offered for sale as-is. The building totals 2,208 square feet and sits on a 0.09-acre lot.
The property is part of a larger investment portfolio that may be purchased as a package. In addition to 375 8th Street, the portfolio includes 161 5th Avenue, 19 Defreest Avenue, 3357 6th Avenue, 3365 6th Avenue, and 375 8th Street.
For buyers looking to add a three-unit rental to a broader strategy—or purchase it individually—this offering provides a straightforward, currently occupied configuration with no changes promised by the seller.
The property is part of a larger investment portfolio that may be purchased as a package. In addition to 375 8th Street, the portfolio includes 161 5th Avenue, 19 Defreest Avenue, 3357 6th Avenue, 3365 6th Avenue, and 375 8th Street.
For buyers looking to add a three-unit rental to a broader strategy—or purchase it individually—this offering provides a straightforward, currently occupied configuration with no changes promised by the seller.
Key Highlights
- Brick construction
- Built in 1890
- Public water and public sewer
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 | $38.4k | $17.40 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $36.4k | $16.50 |
| − OpEx | −$10.9k | −$4.95 |
| NOI | $25.5k | $11.55 |
2,208 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.2K
$318.7K – $424.9K
NOI $25,495 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$336.9K
$294.8K – $393.1K
NOI $23,585 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$689.0K
$602.9K – $803.8K
NOI $48,230 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit income property being sold as-is, with 2,208 SF on a 0.09-acre lot.
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: Brick construction; Built in 1890; Public water and public sewer
