Updated Triplex with
For Sale
$429,500
65 13th Street, Troy, NY 12180
MultiFamily, Troy, NY
Property Size2,836 SF
Lot Size0.11 Acres
Price / SF$151.45
Days on Market192
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, Bathroom 1, Bathroom 3, Bedroom 8, Bedroom 5, Bedroom 6, Bedroom 7, Dining Room, Bedroom 9, Bedroom 2, Bedroom 1, Bedroom 10, Bedroom 4, Bedroom 3
Parking
7
Parking features
Off Street, Garage
Window features
ENERGY STAR Qualified WIndows, Double Pane Windows
Interior features
High Speed Internet, Ceramic Tile Bath
Fireplace
1
Basement
Full, Apartment, Exterior Entry, 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
tin ceilings
ornamental fireplaces
washer/dryer
Building Details
Year built
1890
Number of units
3
Flooring type
Vinyl, Carpet, Hardwood
Building materials
Asbestos
Roof type
Fiberglass, Rubber, Shingle
Listing Agency:
Bryce Real Estate Inc
(518) 271-7630
Listed By:
Maury A Kimmel · License #10301207161
(518) 961-0060
Added: Mar 24
Changed: Sep 16
Last Checked: Oct 1 at 7:06PM
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 2,836-square-foot triplex contains three apartments with five-bedroom, four-bedroom, and one-bedroom layouts. The property was built in 1890 and includes furnished interiors, three washers, three dryers, updated windows, roofs, kitchens, and appliances. Tin ceilings, ornamental fireplaces, ceramic tile baths, hardwood, vinyl, and carpet flooring add detail across the units. A one-car garage and off-street parking for up to six cars are included.
The property sits one block from campus in Troy, New York, and is served by public water and public sewer. Natural gas hot-water heating supports the building, while shingle, fiberglass, and rubber roofing materials are present. Multi Residence zoning and the three-unit configuration provide a clear multifamily profile for residential income use.
The property sits one block from campus in Troy, New York, and is served by public water and public sewer. Natural gas hot-water heating supports the building, while shingle, fiberglass, and rubber roofing materials are present. Multi Residence zoning and the three-unit configuration provide a clear multifamily profile for residential income use.
Key Highlights
- Three‑unit configuration with five‑bedroom, four‑bedroom, and one‑bedroom apartments
- 2,836 square feet on a 0.11‑acre lot
- One‑car garage plus off‑street parking for up to six cars
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
$37,145
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
8.65%
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%
$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
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
$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 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%
$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 8.65%
Second Best
Apartment 5plus
$491.8K
$430.3K – $573.7K
NOI $34,424 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$709.0K
$620.3K – $827.1K
NOI $49,627 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied bedroom counts, furnished interiors, off-street parking, and convenient proximity to campus.
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: Three‑unit configuration with five‑bedroom, four‑bedroom, and one‑bedroom apartments; 2,836 square feet on a 0.11‑acre lot; One‑car garage plus off‑street parking for up to six cars
