Three-Unit Income Property with
For Sale
$430,000
65 13th Street, Troy, NY 12180
MULTI_FAMILY - Troy, NY
Property Size2,836 SF
Lot Size0.11 Acres
Price / SF$151.62
Days on Market146
Property Features for 65 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi Residence
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 9, Dining Room, Bedroom 10, Bathroom 3, Bedroom 3
Parking
7
Parking features
Garage, Off Street
Window features
ENERGY STAR Qualified WIndows, Double Pane Windows
Interior features
High Speed Internet, Ceramic Tile Bath
Fireplace
1
Basement
Exterior Entry, Full, Apartment, Finished
Lot features
Corner Lot
View
City
Elementary school district
Troy
Middle school district
Troy
High school district
Troy
Directions
Corner of 13th St and Farm St.
Standard status
Active
APN
381700 101.63-4-9
Size
2,836 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
6121
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
3 washers, 3 dryers
tin ceilings
ornamental fireplaces
Building Details
Year built
1890
Number of units
3
Flooring type
Vinyl, Hardwood, Carpet
Building materials
Asbestos
Roof type
Shingle, Rubber, Fiberglass
Listing Agency:
Bryce Real Estate Inc
(518) 271-7630
Listed By:
Maury A Kimmel · License #10301207161
(518) 961-0060
Added: Mar 24
Changed: Jul 28
Last Checked: Aug 16 at 3:06PM
MLS# 202613845
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit multifamily property includes a 5-bedroom, a 4-bedroom, and a 1-bedroom apartment. The home has a 1-car garage and parking for up to six cars. Reported updates include windows, roofs, kitchens, and appliances, along with three washers and three dryers. Interior character features mentioned include tin ceilings and ornamental fireplaces, and the units are described as furnished.
The property is located in Troy, NY, and the public remarks state it is one block from Campus.
At the time of listing, the reported income is $4,135 at partial occupancy, with potential monthly income of $7,000 at full occupancy.
The property is located in Troy, NY, and the public remarks state it is one block from Campus.
At the time of listing, the reported income is $4,135 at partial occupancy, with potential monthly income of $7,000 at full occupancy.
Key Highlights
- 3‑family property with a 5‑bedroom unit, 4‑bedroom unit, and a 1‑bedroom apartment
- Parking for up to 6 cars plus 1‑car garage; about 1 block from campus
- Potential monthly income listed: $7,000 at full occupancy; currently $4,135 at partial occupancy
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 7.04%
Theoretical Best
Office A
$885.0K
$774.3K – $1.03M
NOI $61,947 @ 7.0% cap · market cap 14.41%
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family residence offering updated interiors, multiple laundry units, and 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 $430,000.
What are key features of this property?
This property features: 3‑family property with a 5‑bedroom unit, 4‑bedroom unit, and a 1‑bedroom apartment; Parking for up to 6 cars plus 1‑car garage; about 1 block from campus; Potential monthly income listed: $7,000 at full occupancy; currently $4,135 at partial occupancy
