Two-Unit Duplex with Vinyl
For Sale
$255,000
847 5th Avenue, Troy, NY 12182
Each residence provides a two-bedroom layout within a traditional income-producing property.
Property Size2,052 SF
Price / SF$124.27
Days on Market361
Property Features for 847 5th Avenue
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Multi Family / Duplex
Taxes and HOA fees
Annual Taxes
$3,739
Amenities
Baseboard, Natural Gas, Yes
Vinyl Siding
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
Field Realty
(518) 813-8014
Listed By:
Colleen Bessette · License #10401263259
(518) 813-8014
Source:
Compass
Added: Sep 5, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:14PM
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 Field Realty
Investment Insights
Based on property information with market context.
This duplex contains 2,052 square feet across two residential units, with each unit offering two bedrooms and a comfortable layout. The property was built in 1890 and features vinyl siding, baseboard heating, and natural gas service.
Located at 847 5th Avenue in Troy, New York, the property may also be purchased together with 853 5th Ave. Its two-unit configuration provides a straightforward residential income property format for an investor or an owner occupant.
Located at 847 5th Avenue in Troy, New York, the property may also be purchased together with 853 5th Ave. Its two-unit configuration provides a straightforward residential income property format for an investor or an owner occupant.
Key Highlights
- Two‑unit duplex with 2,052 square feet
- Each unit includes two bedrooms
- Built in 1890
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
$21,918
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
8.60%
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%
$438,360
$438.4K
Cap Rate 7%
$313,114
$313.1K
Cap Rate 9%
$243,533
$243.5K
Market Conditions
NOI Build-Up for 2,052 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
$41.9K $20.40/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$39.9K $19.42/SF
− OpEx
−$17.9K −$8.74/SF
NOI
$21.9K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$438,360
Cap Rate 7%
$313,114
Cap Rate 9%
$243,533
Alternative Uses
Best Use
Multifamily LT 5
$338.5K
$296.2K – $394.9K
NOI $23,694 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$313.1K
$274.0K – $365.3K
NOI $21,918 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$640.3K
$560.3K – $747.0K
NOI $44,822 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence provides a two-bedroom layout within a traditional income-producing property.
Where is this duplex located?
The property is located at 847 5th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,052 square feet; Each unit includes two bedrooms; Built in 1890
