12-Unit Multifamily
For Sale
$1,735,000
319 Speigletown Road, Troy, NY 12182
Commercial Sale, Troy, NY
Property Size10,467 SF
Lot Size0.62 Acres
Price / SF$165.76
Days on Market360
Property Features for 319 Speigletown Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Multi Residence
Parking
10
Directions
3 building, 12 unit portfolio. Directions can be found on individual listings.
Standard status
Active
APN
384289 71.1-4-1
Size
10,467 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Annual Amount
20171
Utilities
Sewer type
Septic Tank
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Added: Sep 24, 2025
Changed: Sep 12
Last Checked: Sep 18 at 11:06AM
MLS# 202526501
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily offering combines three buildings totaling 12 residential units and 10,467 square feet. The package includes properties at 319 Speigletown Road, 23-25 Prospect Avenue, and 1105 Hutton Street in Troy. The buildings feature vinyl siding, asphalt roofs, baseboard heating, and window-unit cooling.
The portfolio occupies 0.62 acres and is served by public water and septic tanks. Zoning is identified as Multi Residence, supporting the property’s multifamily classification. The assets are located in Troy, New York, within Rensselaer County.
The portfolio occupies 0.62 acres and is served by public water and septic tanks. Zoning is identified as Multi Residence, supporting the property’s multifamily classification. The assets are located in Troy, New York, within Rensselaer County.
Key Highlights
- Three‑building portfolio with 12 residential units
- 10,467 square feet across the portfolio
- 0.62‑acre combined property area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,803
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,236,060
$2.2M
Cap Rate 7%
$1,597,186
$1.6M
Cap Rate 9%
$1,242,256
$1.2M
Market Conditions
NOI Build-Up for 10,467 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$213.5K $20.40/SF
− Vacancy
−$10.2K −$0.98/SF
EGI
$203.3K $19.42/SF
− OpEx
−$91.5K −$8.74/SF
NOI
$111.8K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,236,060
Cap Rate 7%
$1,597,186
Cap Rate 9%
$1,242,256
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.86M
NOI $111,803 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,631 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 12182, NY
14,657
Population
7,314
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$54,663
Median Household Income
$47,077
Median Earnings
$1,012
Median Rent
$195,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three-building residential income package with public water, septic service, baseboard heat, and window-unit cooling.
Where is this multifamily property located?
The property is located at 319 Speigletown Road Troy, NY.
What is the asking price?
The asking price for this property is $1,735,000.
What are key features of this property?
This property features: Three‑building portfolio with 12 residential units; 10,467 square feet across the portfolio; 0.62‑acre combined property area
