629 Hoosick Rd · Troy, NY 12180

$274,950

4 bd · 2.0 ba · 1,085 sqft · MultiFamily public records · 44 Days on market

Built 1912 0.96 ac lot

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.1/30.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Opportunity awaits in this legal 2 family that would make for a great commercial property or redevelopment opportunity. This property is located on just about an acre of land and features a two car garage also! Home was renovated in the last 7 years! Units feature separate utilities and the area is fastly growing! A must see! Seller has kept it vacant for next buyer! Very Good Condition

Key facts

• Separate gas meters
• Storage under garage
• 630 sq ft garage

Tags

• TWO FAMILY HOME
• 630 SQ FT GARAGE
• ADDITIONAL OFFICE
• STORAGE UNDER GARAGE
• SEPARATE ELECTRIC METERS
• SEPARATE GAS METERS

Property features AI

Finance

• Financial info: Property is a 2-unit building; Tenants pay: hot water, heat, internet, cable TV, electricity, gas; Owner pays: trash collection, sewer, snow removal, grounds care

Exterior

• Parking: Detached garage with workshop and storage; Garage door opener; Paved driveway; Off-street parking; Total 4 parking spaces (3 garage spaces)
• Utilities: Public water; Public sewer; Cable connected
• Home design: Duplex; Block foundation; Aluminum siding; Asphalt roof
• Construction: Block foundation; Aluminum siding construction; Asphalt roof
• Exterior features: Pressure-treated deck; Front porch; Level, cleared lot with road frontage

Interior

• Kitchen: Each unit has a kitchen
• Bedrooms: Unit 1: 2 bedrooms (1st floor); Unit 2: 2 bedrooms (2nd floor)
• Flooring: Ceramic tile; Hardwood; Laminate; Linoleum
• Bathrooms: 2 full bathrooms (one on 1st floor, one on 2nd floor)
• Heating & cooling: Baseboard heating; Forced air; Natural gas heating
• Interior features: Solid surface counters; High-speed internet available; Walk-in closet(s); Ceramic tile bath; Full basement; Gas fireplace in living room
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry closet

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $275k.

Deal economics

• At list price, monthly cash flow is $606 ($7k/yr) — positive. Per door: $303/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Recommended offer: $267k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 5.3% in Troy — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#88 in NY, #1,350 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools C-, employment C-, crime F.
• Troy City School District (urban): math 44% / reading 46% proficiency, ranked #467 of 590 in NY (top 79%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 220 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 405 units permitted in Rensselaer County in 2024 (224 in 5+ unit buildings).
• At $3,002/mo this rent would consume 47% of the median local household income ($76k/yr) (locally 2698% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Rensselaer County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $77k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($267k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $145k; list at $275k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $266,701 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1912 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.09% ✓
• Cap rate: 8.94%
• Cash-on-cash: 9.45%
• DSCR: 1.42
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.88% rent growth · sell at horizon

5-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-197
• Equity at exit: $40,996

10-year hold

• IRR: 11.3%
• Equity multiple: 1.96×
• Total profit: $74,059
• Equity at exit: $23,773

Cash invested: $76,986 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12180

• Home prices YoY: -33.3%
• Rents YoY: 4.9%
• Active inventory: 220
• Price-to-rent: 15.3×

Monthly cashflow live

• Estimated rent: $3,002 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$209 /mo · $2,507/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$630
• Net cashflow: $606

Break-even live

Break-even rent $2,235

Max offer price $274,950

Occupancy floor 75%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,002
Total (2 units)			$3,002

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,738
• Closing costs: $8,248
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6 Ridgeway Ln Troy, NY	1.0–3.0	1.0–2.0	1177	$2,310	$1.96	14d	12	0.84mi
2326 15th St Unit 1 Troy, NY	4.0	1.5	1500	$695	$0.46	19d	1	1.21mi
2209 15th St Troy, NY	3.0	1.0	950	$2,595	$2.73	23d	1	1.34mi
2302 12th St Unit 2 Troy, NY	3.0	1.0	1200	$595	$0.50	19d	1	1.37mi
2302 12th St Unit 1 Troy, NY	3.0	1.0	1200	$650	$0.54	19d	1	1.37mi
362 9th St Unit 1st Floor Troy, NY	3.0	1.0	1156	$1,575	$1.36	19d	1	1.38mi
362 9th St Unit 1st Floor Troy, NY	3.0	1.0	1156	$1,575	$1.36	23d	1	1.38mi
169 Hutton St Unit 1 Troy, NY	3.0	1.0	1500	$595	$0.40	19d	1	1.49mi

Listing history 24 events

1. 2026-05-12
   status Pending
2. 2026-04-28
   price $274,950
3. 2026-04-14
   status Active
4. 2026-04-01
   status Pending
5. 2026-03-17
   listed $284,900 Active
6. 2020-11-13
   soldstatus $145,000 Closed (Final Sale) 389-char remark

   Show marketing remark (389 chars)

   Opportunity awaits in this legal 2 family that would make for a great commercial property or redevelopment opportunity. This property is located on just about an acre of land and features a two car garage also! Home was renovated in the last 7 years! Units feature separate utilities and the area is fastly growing! A must see! Seller has kept it vacant for next buyer! Very Good Condition

7. 2020-11-09
   soldstatus $145,000
8. 2020-08-13
   price $159,500 389-char remark

   Show marketing remark (389 chars)

   Opportunity awaits in this legal 2 family that would make for a great commercial property or redevelopment opportunity. This property is located on just about an acre of land and features a two car garage also! Home was renovated in the last 7 years! Units feature separate utilities and the area is fastly growing! A must see! Seller has kept it vacant for next buyer! Very Good Condition

9. 2020-08-04
   status Back On Market 389-char remark

   Show marketing remark (389 chars)

   Opportunity awaits in this legal 2 family that would make for a great commercial property or redevelopment opportunity. This property is located on just about an acre of land and features a two car garage also! Home was renovated in the last 7 years! Units feature separate utilities and the area is fastly growing! A must see! Seller has kept it vacant for next buyer! Very Good Condition

10. 2020-07-06
    historical 389-char remark

    Show marketing remark (389 chars)

    Opportunity awaits in this legal 2 family that would make for a great commercial property or redevelopment opportunity. This property is located on just about an acre of land and features a two car garage also! Home was renovated in the last 7 years! Units feature separate utilities and the area is fastly growing! A must see! Seller has kept it vacant for next buyer! Very Good Condition

11. 2020-06-18
    listed $164,500 New 389-char remark

    Show marketing remark (389 chars)

    Opportunity awaits in this legal 2 family that would make for a great commercial property or redevelopment opportunity. This property is located on just about an acre of land and features a two car garage also! Home was renovated in the last 7 years! Units feature separate utilities and the area is fastly growing! A must see! Seller has kept it vacant for next buyer! Very Good Condition

12. 2019-11-15
    historical
13. 2019-09-17
    price $173,000
14. 2019-08-22
    listed $179,900 New
15. 2019-03-06
    historical
16. 2018-09-10
    price $199,500
17. 2018-09-06
    listed $149,500 New
18. 2018-08-30
    historical
19. 2018-07-26
    price $210,000
20. 2018-05-29
    listed $217,700 New
21. 2012-02-22
    soldstatus $140,000
22. 2012-02-10
    soldstatus $140,000
23. 2011-10-28
    historical
24. 2011-10-21
    listed $143,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $2,507 · $209/mo
• Projected year-2 tax: $3,577 · $298/mo
• Expected delta: +$1,070/yr (+$89/mo · 42.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,024
• − Mortgage interest: −$15,401
• − Property taxes: −$2,507
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,882
• − Management: −$2,882
• − Depreciation: −$7,999
• Taxable income: $2,978
• Est. tax owed @ 24.0%: −$715
• After-tax cash flow: $6,560/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Troy City School District
• NCES district ID: 3628950
• Math proficiency: 44% ▲ 6.00%
• Reading proficiency: 46% ▲ 6.00%
• Median HH income: $42,143
• Composite: 37.89/100
• National rank: #4318
• State rank: #467 of 590 in NY

Livability — Troy

• Score: 81/100
• State rank: #88
• US rank: #1350

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime F Employment C- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Rensselaer County · 75,590 people
• City population: 53,479
• Metro: Albany-Schenectady-Troy, NY
• Population (ZIP): 53,479
• Household income: $75,851
• Rent vs Own: 52.1% rent · 47.9% own
• Severe rent burden: 2698.0

Population outlook (Rensselaer County) Hauer SSP2

• Today (2025): 162,400 people
• By 2030: 161,746 · -0.4%
• By 2040: 158,095 · -2.7%
• By 2050: 152,966 · -5.8%
• By 2075: 140,767 · -13.3%
• By 2100: 124,727 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 12% Hispanic / Latino 8% Two or more races 8% Asian 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Romanian 5% Lithuanian 5% Slovak 1%
• Foreign-born: 10% · Canada, China
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 2% Arabic 2%

Political lean MEDSL · Rensselaer

• 2024 margin: Toss-up / Even · D 50.7% · R 49.3%
• 2008→2024 swing: -8.0pp toward R · 2008: 9.3pp · 2024: 1.4pp
• All cycles: 2024: D+1.4 2020: D+5.6 2016: R+2.9 2012: D+11.8 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -142.53%
• Current HPI: 285.0762
• Rent YoY: ▲ 4.88%
• Metro: Albany-Schenectady-Troy, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+92.3% since first listed

24 events — show timeline

• 2026-05-12 Pending — Global MLS
• 2026-04-28 Price Changed $274,950 Global MLS
• 2026-04-14 Relisted — Global MLS
• 2026-04-01 Pending — Global MLS
• 2026-03-17 Listed $284,900 Global MLS
• 2020-11-13 Sold (MLS) $145,000 Global MLS
• 2020-11-09 Sold (Public Records) $145,000 Public Records
• 2020-08-13 Price Changed $159,500 Global MLS
• 2020-08-04 Relisted — Global MLS
• 2020-07-06 Listing Removed — Global MLS
• 2020-06-18 Listed $164,500 Global MLS
• 2019-11-15 Listing Removed — Global MLS
• 2019-09-17 Price Changed $173,000 Global MLS
• 2019-08-22 Listed $179,900 Global MLS
• 2019-03-06 Listing Removed — Global MLS
• 2018-09-10 Price Changed $199,500 Global MLS
• 2018-09-06 Listed $149,500 Global MLS
• 2018-08-30 Listing Removed — Global MLS
• 2018-07-26 Price Changed $210,000 Global MLS
• 2018-05-29 Listed $217,700 Global MLS
• 2012-02-22 Sold (Public Records) $140,000 Public Records
• 2012-02-10 Sold (MLS) $140,000 Global MLS
• 2011-10-28 Listing Removed — Global MLS
• 2011-10-21 Listed $143,000 Global MLS

Property tax history

-3.2%/yr

Latest (2025): $2,507 · -30.3% YoY. Source: county tax records.