Brick 3-Unit Residential
486 4th Street Troy, NY 12180
486 4th Street, Troy, NY, 12180
$279,900
For Sale
$279,900
Three-unit brick property is fully vacant and features updated mechanicals, newer windows, and mini-splits in two units.
Property Size2,412 SF
Price / SF$116.04
Days on Market99
Property Features for 486 4th Street
General Information
- Standard status
- Active
- Size
- 2,412 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1910
Listing agency
KW Platform
(518) 407-9834
Listed by
Patrick Dunn · License #10401288889
(518) 407-9834
Source
Compass
Added: Apr 16 Updated: Jul 23 at 4:26AM Checked: Jul 23 at 4:26AM
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 KW Platform
Investment Insights
Based on property information with market context.
This classic brick 3-unit residential income property is completely vacant and ready for the next owner. The building includes big newer windows and updated mechanicals, with efficient mini-split systems installed in Units 2 and 3. Separate utilities are provided throughout, supporting independent unit management.
Located at 486 4th Street in Troy, NY 12180, the property offers a straightforward multi-unit setup for buyers seeking an owner-occupied or investment structure.
With three separate units under one roof and utility separation across the building, the configuration is designed to simplify operations and maximize control over individual unit expenses.
Located at 486 4th Street in Troy, NY 12180, the property offers a straightforward multi-unit setup for buyers seeking an owner-occupied or investment structure.
With three separate units under one roof and utility separation across the building, the configuration is designed to simplify operations and maximize control over individual unit expenses.
Key Highlights
- Classic brick 3‑unit property in Troy built in 1910
- Fully vacant and ready for the next owner
- Updated mechanicals plus mini‑split (ductless AC) systems in Units 2 and 3
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 | $49.2k | $20.40 |
| − Vacancy | −$2.4k | −$0.98 |
| EGI | $46.8k | $19.42 |
| − OpEx | −$21.1k | −$8.74 |
| NOI | $25.8k | $10.68 |
2,412 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.9K
$348.1K – $464.2K
NOI $27,850 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.4K
NOI $25,764 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$752.6K
$658.6K – $878.1K
NOI $52,685 @ 7.0% cap · market cap 18.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit brick property is fully vacant and features updated mechanicals, newer windows, and mini-splits in two units.
Where is this triplex located?
The property is located at 486 4th Street Troy, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Classic brick 3‑unit property in Troy built in 1910; Fully vacant and ready for the next owner; Updated mechanicals plus mini‑split (ductless AC) systems in Units 2 and 3
