421 4TH Street Troy, NY 12180
Updated mechanicals and finishes plus shared coin-op laundry support comfortable, low-hassle residential income use.
- Added:
- Jun 11, 2026
- Days on Market:
- 33
- Last Refresh:
- Jul 8 at 5:09 am
Property Features for 421 4TH Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing office Clancy Real Estate
Listing date Jun 11, 2026
Source Signatureonerealtygroup
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Investment Insights
Based on property information with market context.
Outside amenities include a sump pump and a fully fenced backyard with a deck and storage shed. The property is described as convenient to shopping, dining, public transportation, and major roadways, supporting day-to-day accessibility for residents.
For buyers seeking a residential income property, the combination of updated systems and in-place building maintenance is geared toward operational simplicity. The duplex configuration—with a second-floor unit and shared coin-operated laundry—can provide practical separation of living space while keeping common conveniences straightforward to manage. The overall condition is presented as excellent, with recent work covering both mechanicals and interior finishes.
Key Highlights
- Year built 1900 building with updated electrical, PEX plumbing, and insulation throughout
- Heating and hot water updates include high‑efficiency gas forced‑air heating and tankless water heaters
- Second‑floor unit includes skylights
Local Financial Insights For Apartment 5plus
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 | $61.2k | $20.40 |
| − Vacancy | −$2.9k | −$0.98 |
| EGI | $58.3k | $19.42 |
| − OpEx | −$26.2k | −$8.74 |
| NOI | $32.0k | $10.68 |
