3-Unit Triplex with Customizable Ground
New
For Sale
$199,900
91 11th St, Troy, NY 12180
The ground-floor residence offers a flexible interior, while the upper apartments include in-unit laundry and separate utility systems.
Property Size1,498 SF
Price / SF$133.44
Days on Market2
Property Features for 91 11th St
General Information
Standard status
Active
Size
1,498 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Amenities
in unit washer/dryer
hardwood floors
Building Details
Year Built
1869
Listing Agency:
Re Max Solutions
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Oct 4
Last Checked: Oct 4 at 7:59AM
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 Re Max Solutions
Investment Insights
Based on property information with market context.
This 1869 triplex contains three residential units, with 1,498 square feet reported exclusive of the ground-floor area. The upper apartments have hardwood flooring, in-unit washers and dryers, individual circuit breaker panels and separate electric and gas meters. Each also has its own gas-fired hot water tank and wall-mounted gas boiler. The ground-floor apartment is unfinished and can be tailored to a new owner's preferences. Appliances are included in as-is condition.
The property is a short walk from RPI, and the upper units look toward downtown Troy and the surrounding area.
The property is a short walk from RPI, and the upper units look toward downtown Troy and the surrounding area.
Key Highlights
- Three‑unit property built in 1869
- 1,498 SF reported; ground‑floor square footage is excluded from the total
- Upper apartments have hardwood floors and in‑unit washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,183
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,660
$363.7K
Cap Rate 7%
$259,757
$259.8K
Cap Rate 9%
$202,033
$202.0K
Market Conditions
NOI Build-Up for 1,498 SF
Gross rent
$34.9K $23.28/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$33.1K $22.07/SF
− OpEx
−$14.9K −$9.93/SF
NOI
$18.2K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,660
Cap Rate 7%
$259,757
Cap Rate 9%
$202,033
Alternative Uses
Best Use
Multifamily LT 5
$280.3K
$245.3K – $327.0K
NOI $19,620 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$259.8K
$227.3K – $303.1K
NOI $18,183 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$374.5K
$327.7K – $436.9K
NOI $26,213 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,433
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
View Realmo Analytics
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?
Triplex - The ground-floor residence offers a flexible interior, while the upper apartments include in-unit laundry and separate utility systems.
Where is this triplex located?
The property is located at 91 11th St Troy, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑unit property built in 1869; 1,498 SF reported; ground‑floor square footage is excluded from the total; Upper apartments have hardwood floors and in‑unit washers and dryers
