Three-Family Residential
For Sale
$429,500
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$151.45
Days on Market169
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
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Mar 19
Changed: Sep 2
Last Checked: Sep 1 at 9:06PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,746
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$654,920
$654.9K
Cap Rate 7%
$467,800
$467.8K
Cap Rate 9%
$363,844
$363.8K
Market Conditions
NOI Build-Up for 2,836 SF
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.
Gross rent
$49.3K $17.40/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$46.8K $16.50/SF
− OpEx
−$14.0K −$4.95/SF
NOI
$32.7K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$654,920
Cap Rate 7%
$467,800
Cap Rate 9%
$363,844
Alternative Uses
Best Use
Multifamily LT 5
$467.8K
$409.3K – $545.8K
NOI $32,746 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$432.8K
$378.7K – $504.9K
NOI $30,293 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$885.0K
$774.3K – $1.03M
NOI $61,947 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,028
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?
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 $429,500.
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
