Back to Search

Meticulously Maintained Multi-Unit Buildings

462-470 2nd Ave, Troy, NY 12182

View on Map

For Sale

$2,400,000

Multi-Unit (5+), Other - Troy, NY

Lot size:

0.42 Acres

HighLights

High market cap rate of 8.7% and current cap rate 6.9% indicate strong income potential.
12 units across 5 meticulously maintained buildings offer a substantial investment opportunity.
Prime location near Stewart's, CVS, and the 112th Street bridge to Cohoes, with convenient access to Downtown Troy, 787, and Rt 7.
High‑end apartments featuring exquisite woodwork, finishes, fixtures, and exposed brick walls.
Long‑term tenants provide steady income.
Combination of brick and vinyl siding construction with asphalt and rubber roofing.

We can help!

Listing Contact

Joseph Cardinale

For Sale

$2,400,000

Multi-Unit (5+), Other - Troy, NY

Lot size:

0.42 Acres

Added:: Dec 12, 2025
Days on Market:: 192
Last Refresh:: Jun 22 at 1:06 am

Property Features for 462-470 2nd Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 16
Bathrooms: 13
Rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Family Room, Living Room
Parking features: Garage
Interior features: Walk-in Closet
Standard status: Active
APN: 381700 80.63-12-9
Lot size: 0.42 Acres

Taxes and HOA fees

Tax Annual Amount: 21212

Utilities

Heating system: Baseboard, Natural Gas

Building Details

Year built: 1850
Year renovated: 1850
Flooring type: Hardwood, Tile
Building materials: Brick, Vinyl Siding
Roof type: Asphalt, Rubber
Architectural style: Other

We can help!

Listing Contact

Joseph Cardinale

Listing agent Joseph Cardinale

Listing office HOWARD HANNA CAPITAL INC 1547 RTE 9, CLIFTON PARK, NY

Listing date Dec 12, 2025

MLS# 11617727 Listing URL

HighLights

High market cap rate of 8.7% and current cap rate 6.9% indicate strong income potential.
12 units across 5 meticulously maintained buildings offer a substantial investment opportunity.
Prime location near Stewart's, CVS, and the 112th Street bridge to Cohoes, with convenient access to Downtown Troy, 787, and Rt 7.
High‑end apartments featuring exquisite woodwork, finishes, fixtures, and exposed brick walls.
Long‑term tenants provide steady income.
Combination of brick and vinyl siding construction with asphalt and rubber roofing.

Overview

This is an opportunity to own five meticulously maintained buildings comprising twelve units, situated on connected properties. The apartments feature high-end finishes, exquisite woodwork, fixtures, and exposed brick walls. The buildings are surrounded by gardens and open space, located on a corner across from a Stewart's and CVS. The property is near the 112th Street bridge to Cohoes and minutes from Downtown Troy, 787, and Route 7. The property is located in Troy, NY, with a lot size of 0.42 acres. Many long-term tenants provide a steady income. The current cap rate is 6.9% with a high market cap rate of 8.7%.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Troy
County: Albany
State: New York
Longitude: -73.678856
Latitude: 42.770577

Nearby Similar for Sale

$525,000

7,060 SF

Masonry Assembly and Classroom Facility

Well-maintained masonry building with a clear-span sanctuary and classrooms, offering flexibility for assembly or meeting uses.

42 Woodward Avenue, Troy, NY 12180

View Details
$500,000

15,000 SF

Mixed-Use Building with Established Businesses

Three-story mixed-use building with two established businesses included.

867-869 River Street, Troy, NY 12180

View Details
$1,500,000

1,636 SF

Troy Car Wash For Sale

Updated car wash with growth potential in revitalizing Troy, NY.

690-696 River Street, Troy, NY 12180

View Details
$695,000

7,161 SF

Turnkey Restaurant with Takeout

Long-established dine-in and take-out restaurant offered turnkey with name, FFE, a working basement, and potential second-floor space.

853 4th Avenue, Troy, NY 12182

View Details
$599,000

6,381 SF

Turnkey Restaurant with Owner Apartment

Turnkey restaurant property with commercial kitchen, dining space, parking, and a 3-bedroom apartment above in mixed-use zoning.

572 2nd Avenue, Troy, NY 12182

View Details
$2,400,000

7,885 SF

Meticulously Maintained Apartment Building

Rare opportunity: 12-unit apartment building with steady income.

462-470 2nd Avenue, Troy, NY 12182

View Details
$390,000

2,690 SF

Brick Two-Family with Slate Roof

Classic two-family offers oversized flats with hardwood floors, eat-in kitchens, laundry hookups, and a large basement.

303 Spring Avenue, Troy, NY 12180

View Details
$339,900

2,276 SF

Move-In Ready Two-Family Home

Two updated two-bedroom units with separate utilities, shared laundry, and off-street parking in Troy.

190 Spring Avenue, Troy, NY 12180

View Details
$1,500,000

Troy Car Wash For Sale

Revitalized car wash with high-end equipment and income potential.

690-696 River Street, Troy, NY 12180

View Details
$425,000

3,064 SF

Historic Three-Unit Row Home

Three-unit brick row home with separate utilities and private deck space, offered vacant and ready for occupancy at closing.

107 Washington Street, Troy, NY 12180

View Details
$498,000

2,836 SF

Three-Family Residential Income Property

Well-maintained three-family building with updated interiors and in-unit laundry, plus garage and multi-car parking.

65 13th Street, Troy, NY 12180

View Details
$219,000

2,636 SF

Duplex with Fenced Backyard

Two-unit duplex offering 3-bedroom layouts, laundry hook-ups, and a small fenced yard for flexible owner-occupant or rental use.

598 Pawling Avenue, Troy, NY 12180

View Details

For sale
Apartment buildings
NY
Troy
12182
462-470 2nd Ave

What type of property is this?

Apartment building - Five well-maintained buildings with twelve units in Troy, NY.

Where is this apartment building located?

The property is located at 462-470 2nd Ave Troy, NY.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: High market cap rate of 8.7% and current cap rate 6.9% indicate strong income potential.; 12 units across 5 meticulously maintained buildings offer a substantial investment opportunity.; Prime location near Stewart's, CVS, and the 112th Street bridge to Cohoes, with convenient access to Downtown Troy, 787, and Rt 7.

462-470 2nd Ave, Troy, NY 12182

Multi-Unit (5+), Other - Troy, NY

Property Features for 462-470 2nd Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Masonry Assembly and Classroom Facility

Mixed-Use Building with Established Businesses

Troy Car Wash For Sale

Turnkey Restaurant with Takeout

Turnkey Restaurant with Owner Apartment

Meticulously Maintained Apartment Building

Brick Two-Family with Slate Roof

Move-In Ready Two-Family Home

Troy Car Wash For Sale

Historic Three-Unit Row Home

Three-Family Residential Income Property

Duplex with Fenced Backyard

FAQs

Create New Password