Four-Unit Residential Income
479 2nd Street Troy, NY 12180
479 2nd Street, Troy, NY, 12180
$379,000
For Sale
$379,000
Four residential units with off-street parking and central air, with the owner paying all utilities.
Property Size2,200 SF
Price / SF$172.27
Days on Market105
Property Features for 479 2nd Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi Family / Quadruplex
Building Details
- Year Built
- 1930
Listing agency
Jandali Realty
(518) 542-3506
Listed by
Kareem Jandali · License #10371200250
(518) 542-3506
Source
Compass
Added: Apr 9 Updated: Jul 21 at 7:50AM Checked: Jul 21 at 7:50AM
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 Jandali Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property includes four separate apartments in a single building. The units feature central air, and there is off-street parking located to the rear of the building. Several units offer outdoor space, including a second-floor rear deck and a backyard patio. One unit includes a loft-style layout with an additional bedroom configuration.
The property is offered for sale at 479 2nd St in South Troy. Rental status includes two vacant units and two rented units, providing a mix of immediate occupancy and near-term lease-up opportunity based on the current distribution.
The owner pays all utilities for all four apartments. Reported utility expense is $700 monthly.
The property is offered for sale at 479 2nd St in South Troy. Rental status includes two vacant units and two rented units, providing a mix of immediate occupancy and near-term lease-up opportunity based on the current distribution.
The owner pays all utilities for all four apartments. Reported utility expense is $700 monthly.
Key Highlights
- 4‑family residential property with 1‑bedroom and 2‑bedroom units, offered for $379,000
- Central air in the building; owner pays all utilities for all 4 apartments ($700/month)
- Off‑street parking available at the rear of the building
Local 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 | $38.3k | $17.40 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $36.3k | $16.50 |
| − OpEx | −$10.9k | −$4.95 |
| NOI | $25.4k | $11.55 |
2,200 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.4K
NOI $25,403 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$335.7K
$293.7K – $391.7K
NOI $23,499 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$686.5K
$600.7K – $800.9K
NOI $48,055 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units with off-street parking and central air, with the owner paying all utilities.
Where is this quadplex located?
The property is located at 479 2nd Street Troy, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 4‑family residential property with 1‑bedroom and 2‑bedroom units, offered for $379,000; Central air in the building; owner pays all utilities for all 4 apartments ($700/month); Off‑street parking available at the rear of the building
