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17-Unit Apartment Portfolio
For Sale
$1,400,000

38 Tyler Street, Troy, NY 12180

MultiFamily, Troy, NY

Property Size16,761 SF
Lot Size0.50 Acres
Price / SF$83.53
Days on Market142

Property Features for 38 Tyler Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 44
Bathrooms 17
Full bathrooms 17
Rooms Bathroom 7, Bedroom 2, Bedroom 15, Bedroom 5, Bedroom 38, Bedroom 29, Bedroom 35, Bathroom 1, Bedroom 33, Bedroom 31, Bathroom 9, Bathroom 3, Bedroom 17, Bedroom 19, Bedroom 11, Bathroom 17, Bedroom 28, Bedroom 4, Bedroom 14, Bedroom 25, Bedroom 30, Bedroom 1, Bedroom 24, Bedroom 32, Bedroom 36, Bedroom 23, Bedroom 27, Bathroom 2, Bathroom 4, Bedroom 39, Bathroom 8, Bedroom 41, Bedroom 37, Bedroom 43, Bathroom 11, Bathroom 16, Bedroom 42, Bedroom 18, Bathroom 15, Bedroom 26, Bathroom 13, Bathroom 10, Bedroom 6, Bedroom 21, Bathroom 5, Bedroom 22, Bedroom 8, Bedroom 3, Bedroom 7, Bedroom 20, Bedroom 10, Bathroom 12, Bedroom 13, Bathroom 14, Bedroom 34, Bedroom 40, Bedroom 16, Bedroom 12, Bedroom 44, Bathroom 6, Bedroom 9
Parking 13
Basement Exterior Entry, Unfinished
Elementary school district Troy
Middle school district Troy
High school district Troy
Directions GPS
Standard status Active
APN 381700 111.52-9-2
Size 16,761 SF
Lot size 0.50 Acres

Taxes and HOA fees

Tax Annual Amount 30916

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Hot Water(Heating), Baseboard, Forced Air
Water source Public

Amenities

shared parking area
on-site laundry

Building Details

Year built 1910
Number of units 17
Flooring type Vinyl, Laminate
Building materials Block, Brick, Vinyl Siding
Roof type Rubber
Architectural style Other
Listing Agency: Principles 2019 LLC
Listed By: Jerid Meagan · License #10491209223
Added: Apr 9 Changed: Aug 26 Last Checked: Aug 28 at 11:06PM
MLS# 202614769

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 17-unit apartment portfolio includes three buildings and a separate vacant parcel across approximately 0.5 acres. The 16,761-square-foot residential component contains eleven 3-bedroom apartments, five 2-bedroom apartments, and one 1-bedroom apartment, totaling 45 bedrooms. Approximately 75% of the units have been updated over the past approximately 2.5 years. Five units are vacant, including three that are rent-ready and two undergoing turnover work.

Utilities are separately metered, while the 4th St buildings also have individually metered water and sewer. The property includes shared parking and on-site laundry facilities. Built in 1910, the buildings feature block, brick, and vinyl siding construction, public water, public sewer, rubber roofing, and a mix of hot-water, baseboard, and forced-air heating. The vacant parcel is zoned MU-1 and may support future development, subject to buyer verification.

Key Highlights

  • 17‑unit portfolio across three buildings plus a separate vacant parcel
  • Unit mix includes 11 three‑bedroom, 5 two‑bedroom, and 1 one‑bedroom apartments
  • 16,761 square feet on approximately 0.5 acres, with 45 total bedrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

229
Businesses Nearby

Demographics for 12180, NY

55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-building residential portfolio with varied unit sizes, shared parking, and on-site laundry.
Where is this apartment building located?
The property is located at 38 Tyler Street Troy, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 17‑unit portfolio across three buildings plus a separate vacant parcel; Unit mix includes 11 three‑bedroom, 5 two‑bedroom, and 1 one‑bedroom apartments; 16,761 square feet on approximately 0.5 acres, with 45 total bedrooms
More about this property
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