1302 5th Avenue, Troy, NY 12180
Local realty services provided by:CENTURY 21 Adirondacks
Listed by: joseph p cardinale
Office: howard hanna capital inc
MLS#:202624811
Source:Global MLS
Price summary
- Price:$225,000
- Price per sq. ft.:$138.46
About this home
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....
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Home facts
- Year built:1910
- Listing ID #:202624811
- Added:17 day(s) ago
- Updated:September 13, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Basement Description:Walk-Out Access
- Living area:1,625 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Flat, Rubber
- Year built:1910
- Building area:1,625 sq. ft.
- Lot area:0.03 Acres
- Lot Features:Level
- Construction Materials:Brick
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$225,000
- Price per sq. ft.:$138.46
- Tax amount:$3,883
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