Rehabbed Three-Unit
For Sale
$399,900
105 2nd Ave, Troy, NY 12180
Three residential units provide income-producing flexibility with river views and direct access to an active bus line.
Property Size2,020 SF
Price / SF$197.97
Days on Market50
Property Features for 105 2nd Ave
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$399,000
Public Transit
Yes
Multifamily Units
3
Building Details
Year Built
1890
Listing Agency:
Chad Majewski Real Estate
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 12 at 7:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chad Majewski Real Estate
Investment Insights
Based on property information with market context.
This three-unit residential property at 105 2nd Ave in Troy offers a 2,020-square-foot configuration suited to multifamily ownership. Originally built in 1890, the property was rehabbed a few years ago, reducing the need for immediate major renovation work. River views add a notable physical feature to the asset.
The property is within the City of Troy and sits directly along an active bus line. Its location provides access to shopping, dining, employment centers, and other city amenities. The three-unit layout supports multiple ownership approaches, including occupying one unit while renting the others or operating the entire property as a residential income asset.
The property is within the City of Troy and sits directly along an active bus line. Its location provides access to shopping, dining, employment centers, and other city amenities. The three-unit layout supports multiple ownership approaches, including occupying one unit while renting the others or operating the entire property as a residential income asset.
Key Highlights
- Three‑unit residential property in Troy, NY
- 2,020 square feet with three residential units
- Rehabbed a few years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,457
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,140
$529.1K
Cap Rate 7%
$377,957
$378.0K
Cap Rate 9%
$293,967
$294.0K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$40.0K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$37.8K $18.71/SF
− OpEx
−$11.3K −$5.61/SF
NOI
$26.5K $13.10/SF
Area
Rensselaer County, NY
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,140
Cap Rate 7%
$377,957
Cap Rate 9%
$293,967
Alternative Uses
Best Use
Multifamily LT 5
$378.0K
$330.7K – $441.0K
NOI $26,457 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$350.3K
$306.5K – $408.7K
NOI $24,519 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$505.0K
$441.9K – $589.1K
NOI $35,348 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide income-producing flexibility with river views and direct access to an active bus line.
Where is this triplex located?
The property is located at 105 2nd Ave Troy, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three‑unit residential property in Troy, NY; 2,020 square feet with three residential units; Rehabbed a few years ago
