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Renovated Five-Unit Apartment Building
For Sale
Contact for pricing

240 2nd St, Troy, NY 12180

Modernized residences feature period detailing, a separate office, and secured outdoor space.

Property SizeContact for details
Days on Market144

Property Features for 240 2nd St

General Information

Standard status Active
Total Parking Spaces 8
Property subtype Multifamily

Additional Details

Multifamily Units 5

Amenities

fenced yard
garage

Building Details

Buildings 1
Listing Agency: NAI Platform
Listed By: Deanna Dal Pos · License #NY 35DA0819459
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 2:51PM

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 NAI Platform

Investment Insights

Based on property information with market context.

Located at 240 2nd St in Troy, the property is a renovated apartment building containing five large units with updated interiors and retained period character. The improvements also include an office, a fenced yard, paved parking for eight vehicles, and a garage. The building occupies a double lot and is offered together with an adjacent church, creating a combined triple-lot configuration for additional development.

The property sits immediately south of Washington Park and within walking distance of Russel Sage College and RPI University. Washington Park is characterized by surrounding stately homes and landscaped park grounds, providing a defined residential setting near higher-education campuses.

Key Highlights

  • Five large, modernized apartment units with period features
  • Renovated building on a double lot
  • Paved parking for eight vehicles

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Electrical Service Veterinary Clinic Butcher Carpet & Flooring Store

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,072
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 - Modernized residences feature period detailing, a separate office, and secured outdoor space.
Where is this apartment building located?
The property is located at 240 2nd St Troy, NY.
What are key features of this property?
This property features: Five large, modernized apartment units with period features; Renovated building on a double lot; Paved parking for eight vehicles
(518) 465-1400 Call to check price and availability
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