Renovated Two-Family
For Sale
$239,900
491 2ND Street, Troy, NY 12180
Renovated two-family home with two vacant units, a backyard, and a three-car garage included.
Property Size1,892 SF
Price / SF$126.80
Days on Market97
Property Features for 491 2ND Street
General Information
Standard status
Active
Size
1,892 SF
Total Parking Spaces
3
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
AMBK Realty LLC
Listed By:
Billie Jo Kirwan
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Apr 29
Changed: Jul 21
Last Checked: Aug 3 at 3:21PM
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 AMBK Realty LLC
Investment Insights
Based on property information with market context.
This renovated two-family residence offers two units that are currently vacant, providing immediate occupancy flexibility for a buyer or investor. The property includes a backyard and a three-car garage, adding practical outdoor and parking/storage utility.
The offering is for sale. The address is 491 2ND Street, Troy, NY 12180.
The duplex configuration supports an owner-occupant or rental strategy, with both units available at the time of purchase.
The offering is for sale. The address is 491 2ND Street, Troy, NY 12180.
The duplex configuration supports an owner-occupant or rental strategy, with both units available at the time of purchase.
Key Highlights
- Renovated 2‑family home built in 1910
- Both units are vacant
- Includes a backyard
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 | $32.9k | $17.40 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $31.2k | $16.50 |
| − OpEx | −$9.4k | −$4.95 |
| NOI | $21.8k | $11.55 |
1,892 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$312.1K
$273.1K – $364.1K
NOI $21,846 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$288.7K
$252.6K – $336.8K
NOI $20,209 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$590.4K
$516.6K – $688.8K
NOI $41,327 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
305
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family home with two vacant units, a backyard, and a three-car garage included.
Where is this duplex located?
The property is located at 491 2ND Street Troy, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Renovated 2‑family home built in 1910; Both units are vacant; Includes a backyard
