Rehabilitated Three-Unit
For Sale
$399,900
105 2nd Avenue, Troy, NY 12180
MultiFamily, Troy, NY
Property Size2,020 SF
Lot Size0.05 Acres
Price / SF$197.97
Days on Market53
Property Features for 105 2nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi Residence
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3
Patio and Porch features
Deck
Fireplace
1
Basement
Apartment
Lot features
Views
View
Water
Elementary school district
Troy
Middle school district
Troy
High school district
Troy
Directions
Drive north on River St from downtown troy. Drive north till the road changes to Second Ave and the house will be on the left at the corner of Second Ave and 102nd St.
Standard status
Active
APN
381700 90.38-1-25
Size
2,020 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2136
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Water front features
River Front
Water front
1
Building Details
Year built
1890
Number of units
3
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Flat
Architectural style
Other
Listing Agency:
Revision Real Estate
(518) 438-2221
Listed By:
Jerome P Newkirk · License #10371200504
(518) 229-0366
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 14 at 5:06AM
MLS# 202624664
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 three-unit triplex contains 2,020 square feet on a 0.05-acre lot and was freshly rehabbed a few years ago. The building includes seven bedrooms and three bathrooms, vinyl siding and flooring, natural gas forced-air heat, central air conditioning, a deck, and a fireplace. Public water and sewer serve the property, which carries Multi Residence zoning.
Located at 105 2nd Avenue in Troy, the property sits along an active bus line and has riverfront features. Its setting provides access to shopping, dining, employment centers, and other Troy amenities. Built in 1890, the structure combines updated interior work with established building infrastructure.
Located at 105 2nd Avenue in Troy, the property sits along an active bus line and has riverfront features. Its setting provides access to shopping, dining, employment centers, and other Troy amenities. Built in 1890, the structure combines updated interior work with established building infrastructure.
Key Highlights
- Three‑unit triplex with 2,020 square feet
- 0.05‑acre lot with riverfront features
- Seven bedrooms and three bathrooms
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 - Freshly rehabbed a few years ago, the property includes river frontage and direct access to an active bus line.
Where is this triplex located?
The property is located at 105 2nd Avenue 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 triplex with 2,020 square feet; 0.05‑acre lot with riverfront features; Seven bedrooms and three bathrooms
