Three-Family Residential
For Sale
$429,000
65 13TH Street, Troy, NY 12180
Three-unit property with updated interiors, multiple laundry units, and off-street parking for up to six cars.
Property Size2,836 SF
Price / SF$151.27
Days on Market224
Property Features for 65 13TH Street
General Information
Standard status
Active
Size
2,836 SF
Total Parking Spaces
7
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
Bryce Real Estate Inc
Listed By:
Maury A Kimmel · License #10301207161
(518) 961-0060
Source:
Signatureonerealtygroup
Added: Mar 12
Changed: Oct 21
Last Checked: Oct 20 at 11:12PM
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 Bryce Real Estate Inc
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Investment Insights
Based on property information with market context.
This for-sale three-family residential building offers three distinct apartments: one 5-bedroom unit, one 4-bedroom unit, and one 1-bedroom unit. A 1-car garage is included, along with parking for up to 6 cars. The property has been updated with windows, roofs, kitchens, and appliances, and features three washers and three dryers. Interior character includes tin ceilings and ornamental fireplaces, and the units are furnished.
The building is located about one block from campus, supporting convenient day-to-day access for residents.
At partial occupancy, current monthly income is $4,135, with the remarks indicating potential monthly income of $7,000 at full occupancy.
The building is located about one block from campus, supporting convenient day-to-day access for residents.
At partial occupancy, current monthly income is $4,135, with the remarks indicating potential monthly income of $7,000 at full occupancy.
Key Highlights
- 3‑unit property built in 1890
- Unit mix includes a 5‑bedroom, 4‑bedroom, and 1‑bedroom apartment
- Off‑street parking available for up to 6 cars, plus a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,145
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,900
$742.9K
Cap Rate 7%
$530,643
$530.6K
Cap Rate 9%
$412,722
$412.7K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$56.2K $19.80/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$53.1K $18.71/SF
− OpEx
−$15.9K −$5.61/SF
NOI
$37.1K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,900
Cap Rate 7%
$530,643
Cap Rate 9%
$412,722
Alternative Uses
Best Use
Multifamily LT 5
$530.6K
$464.3K – $619.1K
NOI $37,145 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$491.8K
$430.3K – $573.7K
NOI $34,424 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$709.0K
$620.3K – $827.1K
NOI $49,627 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,028
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated interiors, multiple laundry units, and off-street parking for up to six cars.
Where is this triplex located?
The property is located at 65 13TH Street Troy, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 3‑unit property built in 1890; Unit mix includes a 5‑bedroom, 4‑bedroom, and 1‑bedroom apartment; Off‑street parking available for up to 6 cars, plus a 1‑car garage
