Three-Unit Residential
For Sale
$360,000
375 8th Street, Troy, NY 12180
All three residential units are occupied, providing an established operating configuration in Troy.
Property Size2,208 SF
Price / SF$163.04
Days on Market44
Property Features for 375 8th Street
General Information
Standard status
Active
Size
2,208 SF
Total Parking Spaces
1
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,106
Building Details
Building Size
2,208 SF
Year Built
1890
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Keith A Wells · License #10401329988
(518) 470-0422
Source:
Crystinandcorealty
Added: Sep 18
Changed: Oct 29
Last Checked: Oct 29 at 6:43PM
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 Realty One Group Key
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Investment Insights
Based on property information with market context.
This Troy triplex contains three residential units across 2,208 square feet. The building dates to 1890 and is being offered in as-is condition. All units are currently occupied.
The property is at 375 8th Street and may be purchased individually or as part of a portfolio that also includes four other Troy properties: 161 5th Avenue, 19 Defreest Avenue, 3357 6th Avenue, and 3365 6th Avenue.
The property is at 375 8th Street and may be purchased individually or as part of a portfolio that also includes four other Troy properties: 161 5th Avenue, 19 Defreest Avenue, 3357 6th Avenue, and 3365 6th Avenue.
Key Highlights
- Three‑unit residential property
- 2,208 square feet
- Built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,920
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
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
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 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.
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
1,476
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
Frequently Asked Questions
What type of property is this?
Triplex - All three residential units are occupied, providing an established operating configuration in Troy.
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 residential property; 2,208 square feet; Built in 1890
