Updated Triplex with New
516 4TH Street Troy, NY 12180
516 4TH Street, Troy, NY, 12180
$339,900
For Sale
$339,900
Freshly painted triplex with hardwood floors and new appliances, currently vacant and easy to show.
Property Size2,838 SF
Price / SF$119.77
Days on Market42
Property Features for 516 4TH Street
General Information
- Standard status
- Active
- Size
- 2,838 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Signature One Realty Group LLC
(518) 376-3970
Listed by
Tiffany D'Agostino
(518) 376-3970
Source
Signatureonerealtygroup
Added: Jun 11 Updated: Jul 21 at 12:14PM Checked: Jul 22 at 6:38AM
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 Signature One Realty Group LLC
Investment Insights
Based on property information with market context.
This updated triplex has been freshly painted and features hardwood floors throughout. Units include new appliances, and the property offers spacious layouts. The building is vacant, making it easy to show.
Located in Troy, the property is just minutes from Hudson Valley Community College and RPI, with access to Sage College public transportation. It’s also near popular restaurants, shopping, and other downtown Troy amenities.
The seller notes the option to purchase this triplex individually or as part of a package with triplex 283 4th.
Located in Troy, the property is just minutes from Hudson Valley Community College and RPI, with access to Sage College public transportation. It’s also near popular restaurants, shopping, and other downtown Troy amenities.
The seller notes the option to purchase this triplex individually or as part of a package with triplex 283 4th.
Key Highlights
- Updated triplex with freshly painted interiors
- Hardwood floors and new appliances throughout
- Units are currently vacant, making it easy to show
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 | $57.9k | $20.40 |
| − Vacancy | −$2.8k | −$0.98 |
| EGI | $55.1k | $19.42 |
| − OpEx | −$24.8k | −$8.74 |
| NOI | $30.3k | $10.68 |
2,838 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.1K
$409.6K – $546.2K
NOI $32,769 @ 7.0% cap · market cap 9.64%
Second Best
Apartment 5plus
$433.1K
$378.9K – $505.2K
NOI $30,314 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$885.6K
$774.9K – $1.03M
NOI $61,991 @ 7.0% cap · market cap 18.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Freshly painted triplex with hardwood floors and new appliances, currently vacant and easy to show.
Where is this triplex located?
The property is located at 516 4TH Street Troy, NY.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Updated triplex with freshly painted interiors; Hardwood floors and new appliances throughout; Units are currently vacant, making it easy to show
