Renovated Two-Family
For Sale
$409,900
86 14TH Street, Troy, NY 12180
Ground-up renovation delivers two separate four-bedroom units with in-unit laundry and ample off-street parking.
Property Size1,764 SF
Price / SF$232.37
Days on Market102
Property Features for 86 14TH Street
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
KW Platform
Listed By:
Kristian Khachadourian
(518) 639-4663
Source:
Signatureonerealtygroup
Added: May 7
Changed: Aug 16
Last Checked: Aug 16 at 9:58AM
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 KW Platform
Investment Insights
Based on property information with market context.
This fully rebuilt two-family residence has been renovated from the ground up and presented as move-in ready. Each unit features four bedrooms, a full bathroom, a modern kitchen, and a comfortable living layout with in-unit laundry. The property also includes a large paved parking area to support off-street parking needs.
Conveniently located in Troy with very close proximity to RPI, the home is also described as near shops, restaurants, and major routes. The combination of walkable amenities and regional access can be important for tenants and owner-occupants looking for everyday convenience.
The configuration makes this an effective fit for buyers seeking a straightforward duplex setup with two self-contained units, each offering practical in-unit laundry and dedicated living space. Off-street parking and a recently completed renovation can help reduce near-term maintenance concerns compared with older housing stock, while the two separate apartments provide flexibility for how the property is occupied or managed.
Conveniently located in Troy with very close proximity to RPI, the home is also described as near shops, restaurants, and major routes. The combination of walkable amenities and regional access can be important for tenants and owner-occupants looking for everyday convenience.
The configuration makes this an effective fit for buyers seeking a straightforward duplex setup with two self-contained units, each offering practical in-unit laundry and dedicated living space. Off-street parking and a recently completed renovation can help reduce near-term maintenance concerns compared with older housing stock, while the two separate apartments provide flexibility for how the property is occupied or managed.
Key Highlights
- Ground‑up renovation to a fully rebuilt two‑family property
- Each unit features 4 bedrooms, a full bathroom, and a modern kitchen
- In‑unit laundry included for both units
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
$20,368
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
4.97%
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%
$407,360
$407.4K
Cap Rate 7%
$290,971
$291.0K
Cap Rate 9%
$226,311
$226.3K
Market Conditions
NOI Build-Up for 1,764 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
$30.7K $17.40/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$29.1K $16.50/SF
− OpEx
−$8.7K −$4.95/SF
NOI
$20.4K $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%
$407,360
Cap Rate 7%
$290,971
Cap Rate 9%
$226,311
Alternative Uses
Best Use
Multifamily LT 5
$291.0K
$254.6K – $339.5K
NOI $20,368 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$269.2K
$235.5K – $314.0K
NOI $18,842 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$550.4K
$481.6K – $642.2K
NOI $38,531 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,297
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?
Duplex - Ground-up renovation delivers two separate four-bedroom units with in-unit laundry and ample off-street parking.
Where is this duplex located?
The property is located at 86 14TH Street Troy, NY.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Ground‑up renovation to a fully rebuilt two‑family property; Each unit features 4 bedrooms, a full bathroom, and a modern kitchen; In‑unit laundry included for both units
