Renovated Brick
For Sale
$299,999
8 St Marys Avenue, Troy, NY 12180
Renovated solid brick two-family is fully rented, with new furnaces and hot water heaters installed in 2024.
Property Size2,100 SF
Price / SF$142.86
Days on Market115
Property Features for 8 St Marys Avenue
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi Family / Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Construction
brick
Tenancy
Multi
Listing Agency:
Venture Fox Realty Group LLC
(518) 649-5910
Listed By:
Tamara S DeMartino · License #10401259632
(518) 649-5910
Source:
Compass
Added: Apr 10
Changed: Jul 22
Last Checked: Aug 2 at 11:47AM
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 Venture Fox Realty Group LLC
Investment Insights
Based on property information with market context.
This renovated solid brick two-family offers a fully rented setup with existing leases in place. The property has been updated with new furnaces and hot water heaters installed in 2024.
Located on a quiet street near the base of Prospect Park, the building is described as conveniently positioned to Troy’s amenities while remaining off the main thoroughfares.
As a residential income property, it presents a straightforward two-unit configuration with recent mechanical improvements.
Located on a quiet street near the base of Prospect Park, the building is described as conveniently positioned to Troy’s amenities while remaining off the main thoroughfares.
As a residential income property, it presents a straightforward two-unit configuration with recent mechanical improvements.
Key Highlights
- Renovated solid brick 2‑family with full rental/lease in place
- New furnaces and hot water heaters installed in 2024
- Forced air heating with natural gas and electric 100‑amp service
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $17.40 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $34.6k | $16.50 |
| − OpEx | −$10.4k | −$4.95 |
| NOI | $24.2k | $11.55 |
2,100 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.4K
$303.1K – $404.1K
NOI $24,248 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$320.4K
$280.4K – $373.9K
NOI $22,431 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$655.3K
$573.4K – $764.5K
NOI $45,870 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,766
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?
Duplex - Renovated solid brick two-family is fully rented, with new furnaces and hot water heaters installed in 2024.
Where is this duplex located?
The property is located at 8 St Marys Avenue Troy, NY.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Renovated solid brick 2‑family with full rental/lease in place; New furnaces and hot water heaters installed in 2024; Forced air heating with natural gas and electric 100‑amp service
