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    Turnkey Investment Property in Troy Title is generated by Realmo AI

    319 Speigletown Road, Troy, NY 12182

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    For Sale
    $725,000

    MULTI_FAMILY - Other - Troy, NY

    Property size:
    3,720 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $194/SF
    Added:
    Sep 24, 2025
    Days on Market:
    269
    Last Refresh:
    Jun 19 at 7:06 am

    Property Features for 319 Speigletown Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    6
    Rooms
    Bedroom 7, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 2, Bedroom 8
    Parking
    10
    Basement
    Unfinished
    Standard status
    Active
    APN
    384289 71.1-4-1
    Size
    3,720 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8562

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1940
    Number of units
    6
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Zalewski-Wildzunas

    Listing agent Karen Zalewski-Wildzunas License #10301219752

    Listing office Berkshire Hathaway Home Services Blake 3 Winners Circle Suite 305, Albany, NY

    Listing date Sep 24, 2025

    MLS# 202526502 Listing URL

    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.

    HighLights

    • Fully occupied 6‑unit building at 319 Speigletown Rd
    • Upgrades include new electric, new roof, new siding, and numerous interior updates
    • On‑site garage adds storage and possible additional income potential
    • Built in 1940 with vinyl siding construction
    • Heating: baseboard; cooling: window unit(s)
    • Sewer: septic tank

    Overview

    Located in the outskirts of Troy, this fully occupied six-unit building at 319 Speigletown Rd offers immediate cash flow and low maintenance. The property has been extensively improved, featuring new electric, a new roof, new siding, and numerous interior updates. The building has a total area of 3720 square feet and sits on a 0.32-acre lot. An on-site garage provides added storage or rental potential. This property represents a turnkey investment opportunity.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $75.9k $20.40
    − Vacancy −$3.6k −$0.98
    EGI $72.2k $19.42
    − OpEx −$32.5k −$8.74
    NOI $39.7k $10.68
    3,720 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $567.6K
    $496.7K – $662.3K (±1% cap)
    NOI $39,735 @ 7.0% cap · market cap 5.48%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.16M
    $1.02M – $1.35M (±1% cap)
    NOI $81,256 @ 7.0% cap · market cap 11.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Grocery & Convenience Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.635034
    Latitude
    42.804295

    FAQs

    What type of property is this?
    Apartment building - Fully occupied six-unit building with strong cash flow and low maintenance.
    Where is this apartment building located?
    The property is located at 319 Speigletown Road Troy, NY.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Fully occupied 6‑unit building at 319 Speigletown Rd; Upgrades include new electric, new roof, new siding, and numerous interior updates; On‑site garage adds storage and possible additional income potential
    More about this property
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