Turnkey Six-Unit Multifamily
319 Speigletown Road Troy, NY 12182
319 Speigletown Road, Troy, NY, 12182
$725,000
For Sale
$725,000
Fully occupied six-unit property with recent exterior and interior upgrades, plus an on-site garage for added storage or rental use.
Property Size3,720 SF
Price / SF$194.89
Days on Market386
Property Features for 319 Speigletown Road
General Information
- Standard status
- Active
- Size
- 3,720 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1940
Listing Agency
Berkshire Hathaway Home Services Blake
Listed by
Karen Zalewski-Wildzunas
(518) 639-4663
Source
Signatureonerealtygroup
Added: Jun 29, 2025 Checked: Jul 19 at 7:13 am
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.
319 Speigletown Road is a fully occupied six-unit multifamily building presented as turnkey. The property has been extensively improved with new electric, a new roof, new siding, and numerous interior updates throughout, supporting a low-maintenance ownership experience.
An on-site garage adds practical flexibility for storage or additional income, depending on how it’s utilized. The building is located on the outskirts of Troy.
The offer is for the six-unit building at 319 Speigletown Road, and it can also be sold in combination with 23–24 Prospect Ave and 1105 Hutton St (Troy, NY), if desired.
An on-site garage adds practical flexibility for storage or additional income, depending on how it’s utilized. The building is located on the outskirts of Troy.
The offer is for the six-unit building at 319 Speigletown Road, and it can also be sold in combination with 23–24 Prospect Ave and 1105 Hutton St (Troy, NY), if desired.
Key Highlights
- Fully occupied six‑unit building at 319 Speigletown Rd, built in 1940
- Extensively improved with new electric, a new roof, and new siding
- Numerous interior updates throughout the building
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.9k | $20.40 |
| − Vacancy | −$3.6k | −$0.98 |
| EGI | $72.2k | $19.42 |
| − OpEx | −$32.5k | −$8.74 |
| NOI | $39.7k | $10.68 |
3,720 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$567.6K
$496.7K – $662.3K
NOI $39,735 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,256 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fully occupied six-unit property with recent exterior and interior upgrades, plus an on-site garage for added storage or rental use.
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 $725,000.
What are key features of this property?
This property features: Fully occupied six‑unit building at 319 Speigletown Rd, built in 1940; Extensively improved with new electric, a new roof, and new siding; Numerous interior updates throughout the building
