Renovated Side-by-Side
For Sale
$365,000
61 14th Street, Troy, NY 12180
Fully renovated side-by-side duplex with ample off-street parking and two distinct residential units.
Property Size2,040 SF
Price / SF$178.92
Days on Market173
Property Features for 61 14th Street
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multi Family / Duplex
Building Details
Year Built
1890
Year Renovated
2020
Listing Agency:
KW Platform
(518) 681-1836
Listed By:
Thaddeus Jones · License #10401334826
(518) 681-1836
Source:
Compass
Added: Feb 11
Changed: Jul 20
Last Checked: Jul 25 at 11:09AM
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 fully renovated, side-by-side duplex was completely gutted and renovated in 2020. The property offers two residential units with updated finishes and modern systems, presented as turn-key. One unit is configured with 5 bedrooms and 1.5 baths, while the second unit includes 2 bedrooms and 1 full bath.
The duplex includes ample off-street parking behind the residence. It is positioned in a Troy location described as having strong rental demand, with proximity to downtown Troy, dining, public transit, and walkable neighborhood amenities.
The listing notes the photos reflect the property as it was during a prior listing; no additional interior or exterior details are provided beyond the 2020 renovation and the unit layouts.
The duplex includes ample off-street parking behind the residence. It is positioned in a Troy location described as having strong rental demand, with proximity to downtown Troy, dining, public transit, and walkable neighborhood amenities.
The listing notes the photos reflect the property as it was during a prior listing; no additional interior or exterior details are provided beyond the 2020 renovation and the unit layouts.
Key Highlights
- Fully renovated side‑by‑side duplex with 2 distinct residential units
- Renovations completed in 2020 (property was completely gutted and renovated)
- Year built 1890 with vinyl siding and rubber/asphalt roofing
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 | $35.5k | $17.40 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $33.7k | $16.50 |
| − OpEx | −$10.1k | −$4.95 |
| NOI | $23.6k | $11.55 |
2,040 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.5K
$294.4K – $392.6K
NOI $23,555 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$311.3K
$272.4K – $363.2K
NOI $21,790 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$636.6K
$557.0K – $742.7K
NOI $44,560 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,555
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated side-by-side duplex with ample off-street parking and two distinct residential units.
Where is this duplex located?
The property is located at 61 14th Street Troy, NY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Fully renovated side‑by‑side duplex with 2 distinct residential units; Renovations completed in 2020 (property was completely gutted and renovated); Year built 1890 with vinyl siding and rubber/asphalt roofing
