Turnkey Investment Property in
For Sale
$725,000
319 Speigletown Road, Troy, NY 12182
MULTI_FAMILY - Other - Troy, NY
Property Size3,720 SF
Lot Size0.32 Acres
Price / SF$194.89
Days on Market315
Property Features for 319 Speigletown Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 7, Bathroom 6
Parking
10
Basement
Unfinished
Elementary school district
Lansingburgh
Middle school district
Lansingburgh
High school district
Lansingburgh
Directions
Travel North up Speigletown Rd property will be on your left before Fogarty Rd.
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
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: Jul 24
Last Checked: Aug 4 at 12:06AM
MLS# 202526502
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.
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.
Key Highlights
- Fully occupied six‑unit building providing immediate cash flow
- Extensively improved with new electric, new roof, and new vinyl siding
- Numerous interior updates throughout the building
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
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
NOI $81,256 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 six‑unit building providing immediate cash flow; Extensively improved with new electric, new roof, and new vinyl siding; Numerous interior updates throughout the building
