1302 5th Avenue, Troy, NY 12180
1302 5th Avenue, Troy, NY 12180
1302 5th Avenue, Troy, NY 12180
1302 5th Avenue, Troy, NY 12180
1302 5th Avenue, Troy, NY 12180
1302 5th Avenue, Troy, NY 12180
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Listed by Joseph P Cardinale • Howard Hanna Capital Inc
$ 225,000
Est. payment | /mo

6 Beds

2 Baths

1,625 SqFt

Save Virtual Tour
$ 225,000
Est. payment | /mo
Save Virtual Tour

6 Beds

2 Baths

1,625 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,625 sqft

Price per Sqft $138

MLS Listing ID 202624811

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1910

Annual Tax Amount $3,883

Lot Size 1,306 Sqft

Acres 0.03

Property Sub-Type Duplex

Source Global MLS

Property Description

Investors and owner-occupants, take notice! Located at 1302 5th Avenue in Troy, this two-family property offers two 3-bedroom, 1-bath units and an excellent opportunity for rental income in a convenient Capital Region location. Both units feature a kitchen, living room, full bath, refrigerator, stove and washer/dryer hookups. Separate electric and gas utilities provide an attractive setup for investors, with tenants responsible for cable, electricity and heat. The property also offers forced-air heating, a walk-out basement, public water and sewer, 100-amp electrical service and a level 0.23-acre lot. Expected market rents were discussed at approximately $1,300-$1,600 per month per unit. Current cap-rate projections discussed range from approximately 10.2% at the low-market scenario to 13.4% at the high-market scenario, with an estimated cap rate of 11.8%. Buyers should independently verify rental income, expenses and cap-rate calculations.
The property is ideally positioned near downtown Troy and the popular Little Italy neighborhood, offering convenient access to restaurants, shopping, entertainment, employment centers and city amenities. Located within the Troy City School District, residents have access to Troy's public school system. Recreation is nearby, including Frear Park with golf, tennis, fields, playgrounds and seasonal activities, as well as Prospect Park and its outdoor amenities. With two 3-bedroom units, separate utilities and strong rental potential, 1302 5th Avenue offers versatility for investors seeking income-producing real estate or owner-occupants looking to offset housing costs. Light staging can help showcase the vacant rooms, layout and potential of each unit.

Location

State NY

County Rensselaer

Direction Ferry St. to right on 5th Avenue

Interior

Heating Forced Air

Exterior

Exterior Feature None

Parking Features None

Roof Type Flat,Rubber

Porch None

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Other

Schools

School District Troy

Others

Tax ID 381700 101.69-13-17

Special Listing Condition Standard

Virtual Tour https://13025thavenuetroyny12180.josephcardinaleteambrochures.com

Nearby Locations

Kyla Zeilman

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+1(518) 301-8314

kylaz8314@gmail.com

634 Plank Rd Suite 105, Clifton Park , New York 12065, USA

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1302 5th Avenue