Seven-Unit Apartment
For Sale
$675,000
2209 16th Street, Troy, NY 12180
MultiFamily, Troy, NY
Property Size3,384 SF
Lot Size0.22 Acres
Price / SF$199.47
Days on Market93
Property Features for 2209 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
8
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 7
Patio and Porch features
Porch
Basement
Partial
Elementary school district
Troy
Middle school district
Troy
High school district
Troy
Directions
From Troy - Take 7 North to Hoosick street, Turn right onto 16th st, at the end of the 16th house will be on your right.
Standard status
Active
APN
381700 101.40-7-4
Size
3,384 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
10031
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Radiant
Water source
Public
Building Details
Year built
1890
Number of units
7
Flooring type
Laminate, Hardwood
Building materials
Wood Siding
Roof type
Asphalt, Shingle, Flat
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Kristian Khachadourian · License #10401303476
(518) 937-4124
Added: Jul 13
Changed: Oct 2
Last Checked: Oct 13 at 12:06PM
MLS# 202621682
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 7-unit apartment building at 2209 16th Street contains 3,384 square feet on a 0.22-acre parcel. Most apartments have received renovations within the past several years, and the property has a newer roof. Wood siding, hardwood and laminate flooring, radiant natural-gas heat, and a porch are among the existing features. The building was constructed in 1890 and is served by public water and public sewer.
The property is directly across from Beman Park and is situated near RPI, downtown Troy, restaurants, shopping, parks, and major highways. Commercial zoning and a double-lot configuration are also noted in the property information.
The property is directly across from Beman Park and is situated near RPI, downtown Troy, restaurants, shopping, parks, and major highways. Commercial zoning and a double-lot configuration are also noted in the property information.
Key Highlights
- 7‑unit apartment building with 3,384 square feet
- 0.22‑acre double lot with Commercial zoning
- Most apartments renovated within the past several years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,076
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,520
$821.5K
Cap Rate 7%
$586,800
$586.8K
Cap Rate 9%
$456,400
$456.4K
Market Conditions
NOI Build-Up for 3,384 SF
Gross rent
$78.8K $23.28/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$74.7K $22.07/SF
− OpEx
−$33.6K −$9.93/SF
NOI
$41.1K $12.14/SF
Area
Rensselaer County, NY
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,520
Cap Rate 7%
$586,800
Cap Rate 9%
$456,400
Alternative Uses
Best Use
Apartment 5plus
$586.8K
$513.5K – $684.6K
NOI $41,076 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$845.9K
$740.2K – $986.9K
NOI $59,216 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,217
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
Check the figures for this property
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?
Apartment building - Commercially zoned property with renovated apartments, a newer roof, and public utilities.
Where is this apartment building located?
The property is located at 2209 16th Street Troy, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 7‑unit apartment building with 3,384 square feet; 0.22‑acre double lot with Commercial zoning; Most apartments renovated within the past several years
