Two-Unit Duplex with Off-Street
For Sale
$219,000
46 Christie Street, Troy, NY 12180
Each residence has its own washer and dryer, with separate utilities serving the units.
Property Size1,540 SF
Price / SF$142.21
Days on Market17
Property Features for 46 Christie Street
General Information
Standard status
Active
Size
1,540 SF
Total Parking Spaces
2
Property subtype
Two Family Home
Zoning
Multi Residence
Taxes and HOA fees
Annual Taxes
$4,940
Amenities
High Speed Internet
Built-in Features
Garden
Other
Building Details
Building Size
1,540 SF
Year Built
1890
Listing Agency:
Coldwell Banker Prime Properties
(518) 383-0030
Listed By:
Lauren C Clemente
(518) 526-3850
Source:
Junellrealty
Added: Oct 15
Changed: Oct 27
Last Checked: Oct 30 at 4:38AM
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 Coldwell Banker Prime Properties
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Investment Insights
Based on property information with market context.
This 1,540-square-foot, up-and-down duplex was built in 1890 and has updated bathrooms, newer carpeting, and separate electrical panels. Both units include a washer and dryer. The walk-out basement contains newer furnaces and water tanks, and the property also offers off-street parking and a private backyard with a stone patio. The parcel is a corner lot, and zoning is Multi Residence.
The property is within walking distance of RPI and downtown Troy. Both apartments are rented, with occupancy extending through May for one unit and July for the other. The owner currently pays the utilities.
The property is within walking distance of RPI and downtown Troy. Both apartments are rented, with occupancy extending through May for one unit and July for the other. The owner currently pays the utilities.
Key Highlights
- Two‑unit, up‑and‑down duplex with 1,540 square feet
- Off‑street parking and a private backyard with stone patio
- Washer and dryer in each unit; separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,693
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,860
$373.9K
Cap Rate 7%
$267,043
$267.0K
Cap Rate 9%
$207,700
$207.7K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$35.9K $23.28/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$34.0K $22.07/SF
− OpEx
−$15.3K −$9.93/SF
NOI
$18.7K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,860
Cap Rate 7%
$267,043
Cap Rate 9%
$207,700
Alternative Uses
Best Use
Multifamily LT 5
$288.1K
$252.1K – $336.2K
NOI $20,170 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$267.0K
$233.7K – $311.6K
NOI $18,693 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$385.0K
$336.9K – $449.1K
NOI $26,948 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own washer and dryer, with separate utilities serving the units.
Where is this duplex located?
The property is located at 46 Christie Street Troy, NY.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two‑unit, up‑and‑down duplex with 1,540 square feet; Off‑street parking and a private backyard with stone patio; Washer and dryer in each unit; separate utilities
