Multi-Building Apartment
For Sale
$1,735,000
319 Speigletown Road, Troy, NY 12182
Three-building, 12-unit residential income portfolio offered as a package sale.
Property Size10,467 SF
Price / SF$165.76
Days on Market472
Property Features for 319 Speigletown Road
General Information
Standard status
Active
Size
10,467 SF
Total Parking Spaces
10
Property subtype
Commercial Sale / Multi Family
Zoning
Multi Residence
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$20,171
Amenities
Asphalt
Window Unit(s), Yes
Baseboard, Yes
200+ Amp Service
Vinyl Siding
Building Details
Tenancy
Multi
Listing Agency:
Berkshire Hathaway Home Services Blake
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Source:
Compass
Added: Jun 21, 2025
Changed: Oct 4
Last Checked: Oct 3 at 1:38AM
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
This offering presents a three-building, 12-unit apartment portfolio designed for a residential income strategy. The package includes properties at 319 Speigletown Rd, 23-25 Prospect Ave, and 1105 Hutton St in Troy, New York. The transaction is structured as a combined sale, with the portfolio presented to simplify acquisition and streamline ownership.
The portfolio includes three separate addresses within Troy, NY, and is being offered together as part of a single package. Each site is referenced in the public remarks as part of the overall 12-unit structure, with additional details handled through the individual listings.
For buyers evaluating multifamily acquisition opportunities, the package format can be helpful for consolidating multiple buildings under one ownership plan. This could suit investors or owner-operators looking to add a small, multi-property residential income portfolio to their holdings. Prospective purchasers should review the individual listings referenced for each address to confirm unit-level details and any building-specific considerations before making a decision.
The portfolio includes three separate addresses within Troy, NY, and is being offered together as part of a single package. Each site is referenced in the public remarks as part of the overall 12-unit structure, with additional details handled through the individual listings.
For buyers evaluating multifamily acquisition opportunities, the package format can be helpful for consolidating multiple buildings under one ownership plan. This could suit investors or owner-operators looking to add a small, multi-property residential income portfolio to their holdings. Prospective purchasers should review the individual listings referenced for each address to confirm unit-level details and any building-specific considerations before making a decision.
Key Highlights
- Three‑building, 12‑unit residential income portfolio sold as a package
- Package includes 319 Speigletown Rd, Troy, NY
- Package includes 23‑25 Prospect Ave, Troy, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,050
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,541,000
$2.5M
Cap Rate 7%
$1,815,000
$1.8M
Cap Rate 9%
$1,411,667
$1.4M
Market Conditions
NOI Build-Up for 10,467 SF
Gross rent
$243.7K $23.28/SF
− Vacancy
−$12.7K −$1.21/SF
EGI
$231.0K $22.07/SF
− OpEx
−$104.0K −$9.93/SF
NOI
$127.1K $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%
$2,541,000
Cap Rate 7%
$1,815,000
Cap Rate 9%
$1,411,667
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.59M – $2.12M
NOI $127,050 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,161 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 12182, NY
14,657
Population
7,314
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$54,663
Median Household Income
$47,077
Median Earnings
$1,012
Median Rent
$195,300
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 - Three-building, 12-unit residential income portfolio offered as a package sale.
Where is this apartment building located?
The property is located at 319 Speigletown Road Troy, NY.
What is the asking price?
The asking price for this property is $1,735,000.
What are key features of this property?
This property features: Three‑building, 12‑unit residential income portfolio sold as a package; Package includes 319 Speigletown Rd, Troy, NY; Package includes 23‑25 Prospect Ave, Troy, NY
