New Construction
For Sale
$369,900
705 3rd Avenue, Troy, NY 12182
MultiFamily, Troy, NY
Property Size2,200 SF
Lot Size0.14 Acres
Price / SF$168.14
Days on Market8
Property Features for 705 3rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking
4
Parking features
Driveway, Off Street
Window features
Double Pane Windows
Interior features
Walk-In Closet(s)
Basement
Walk-Out Access
Lot features
Level, Cleared
Elementary school district
Lansingburgh
Middle school district
Lansingburgh
High school district
Lansingburgh
Directions
3rd Ave between 119th and 120th
Standard status
Active
APN
381700 80.40-7-7
Size
2,200 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8700
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Joel A Koval · License #30KO0886220
(518) 466-5635
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 29 at 3:06AM
MLS# 202628782
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.
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex is under construction, with two residences planned at two bedrooms each. Separate utilities, natural gas heating, and central air are included. Vinyl plank flooring is planned, and the current construction stage allows for potential layout changes in coordination with the builder.
The property occupies a 0.14-acre lot with a backyard and alley access. Off-street driveway parking serves the building. Public water and sewer are available.
The property occupies a 0.14-acre lot with a backyard and alley access. Off-street driveway parking serves the building. Public water and sewer are available.
Key Highlights
- Two residences, each planned with 2 bedrooms
- 2,200 square feet of building area on a 0.14‑acre lot
- Separate utilities for the two residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,815
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,300
$576.3K
Cap Rate 7%
$411,643
$411.6K
Cap Rate 9%
$320,167
$320.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.2K $18.71/SF
− OpEx
−$12.3K −$5.61/SF
NOI
$28.8K $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%
$576,300
Cap Rate 7%
$411,643
Cap Rate 9%
$320,167
Alternative Uses
Best Use
Multifamily LT 5
$411.6K
$360.2K – $480.3K
NOI $28,815 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$381.5K
$333.8K – $445.1K
NOI $26,704 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$550.0K
$481.2K – $641.6K
NOI $38,498 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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Business Placement
Demographics for 12182, NY
14,657
Population
7,314
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$54,663
Median Household Income
$47,077
Median Earnings
$1,012
Median Rent
$195,300
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?
Duplex - Each residence has two bedrooms, separate utilities, central air, and off-street parking.
Where is this duplex located?
The property is located at 705 3rd Avenue Troy, NY.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two residences, each planned with 2 bedrooms; 2,200 square feet of building area on a 0.14‑acre lot; Separate utilities for the two residences
