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Troy 12180
405 3rd Street
$402,000
● House - Off Market

405 3rd Street

Troy, NY 12180
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,366 Ft²
$2,400
Est. Monthly
7.24%
Cap Rate

About This Property

Fully restored historic troy 2-family w/ parking! Plumbing, electric, insulation updated in 1990s. Owners unit 2 fls, 3 beds, 2 full baths plus office, open living / dining room, pantry, rear mudroom. Primary bath, walkin shower, double sinks, guest bath w/ restored clawfoot tub.  Spacious 1st flr apt w/ longterm tenant - mo/mo, below market rent $1050/mo. Separate electric / gas. Washers & dryers in both units. HW tanks '20,  NG boilers. Brick exterior w/ vinyl replacement double pane windows.  Large private fenced yard, stone patio, garden beds, rear double gate for 2+ vehicles. Steps to DeFazio's, Stewarts, South Troy Pool, & park. Walk to River St & downtown. Check out the Matterport 3D tour for full layout and details. Taxes only $5300/yr. Total income potential $44,000/yr+.
Unit Size
3,366 Ft²
Days on Market
39 days
Land Size
0.07 acres
Price per sqft
$119
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1884

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Global MLS #202511505)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Feb 13, 2025 In contract -
In contract
Feb 3, 2025 Listed by Monticello $400,000
Listed by Monticello
Jun 29, 2017 Sold
Premium
Sold
Jun 13, 2002 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1884
  • Effective Year Built: 1884
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,049
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 250
  • Total Building Area: 3,366
  • Gross Building Area: 3,366
  • Building Area: 3,366
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,366
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000070
  • Standard Land Use Code: 1101
  • County Land Use Code: 220
  • Legal Description 1: 3 STY BK HSE 34-27/205

Neighborhood

  • School District Name: Troy City School District
  • School Tax School District: TROY
  • Census Tract: 040900

Zoning

  • Zoning: R4

Geography

  • Account Number: 0904320
  • District: 381700
  • Section: 111.36
  • Parcel: 381700 111.36-8-10
  • Block: 8
  • Lot: 10.000
  • Municipality: TROY
  • Latitude: 42.7165
  • Longitude: -73.6939

    Address

  • Full Address: 405 3rd St
  • Address - House Number: 405
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: NY
  • City Name: Troy
  • Carrier Code: C031
  • 4-Digit Zip Code: 5320
  • Zip Code: 12180

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $397,798
  • Tax Rate Code Area: 381700

    Appraisal Valuation

  • Standard Deviation: 0.1572
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 291,695
  • High Value: 337,555
  • Low Value: 245,834

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $12,571
  • Market Improvement Value: $147,429

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,000
  • Assessed Land Value: $8,800
  • Assessed Improvements Value: $103,200

    Sales

  • Current Sale Contract Date: Jun 27, 2017
  • Current Sale Recording Date: Jun 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 13, 2002
  • Previous Sale Contract Date: May 07, 2002
  • Previous Sale Amount: $69,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Troy

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$134

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2566 ft²

Average Home Age

115.9 years

Currently For Sale

103 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 65 3rd Street, Troy, NY, 12180

$2,795 /mo

  • 2 Beds
  • 1 Bath
  • 1,300 ft²
65 3rd Street #305, Troy, NY, 12180 Listing by Franca DiCrescenzo

Rentals Near You

Click here to view more rentals in the neighborhood.
Global MLS

Listed by: Alexander H Monticello
Monticello
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202511505
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 405 3rd Street built and last sold?
The property at 405 3rd Street was built in 1884 and last sold on Jun 27, 2017 for $279,000.
How much is this home worth?
The estimated value of the home located at 405 3rd Street is $0.
What are some comparable homes to 405 3rd Street?
There are currently no comparable homes to 405 3rd Street.
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