Meticulously Maintained 12-Unit Apartment
462-470 2nd Avenue, Troy, NY 12182
- Added:
- Mar 23, 2026
- Days on Market:
- 52
- Last Refresh:
- May 13 at 11:06 am
Property Features for 462-470 2nd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 18
- Bathrooms
- 14
- Rooms
- Bedroom 10, Bedroom 5, Bathroom 8, Bedroom 9, Bathroom 6, Bedroom 11, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 10, Bedroom 3, Bedroom 14, Bedroom 16, Bathroom 1, Bedroom 17, Bathroom 13, Bathroom 7, Bathroom 9, Bathroom 4, Bathroom 12, Bedroom 12, Bedroom 15, Bathroom 5, Bathroom 14, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 18, Bedroom 2, Bathroom 11, Bedroom 7, Bedroom 13
- Parking
- 2
- Parking features
- Garage
- Interior features
- Vaulted Ceiling(s), Cathedral Ceiling(s)
- Exterior features
- Garden
- Basement
- Full
- Standard status
- Active
- APN
- 80.63-12-9
- Size
- 7,885 SF
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Annual Amount
- 40612
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air, Hot Water(Heating), Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1890
- Number of units
- 12
- Flooring type
- Hardwood, Tile
- Building materials
- Brick, Vinyl Siding
- Roof type
- Rubber, Shingle
Listing agent Joseph P Cardinale License #10401290174 (518) 755-2064
Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY (518) 371-4500
Listing date Mar 23, 2026
MLS# 202613763
Listing URL
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.
HighLights
- High market cap rate of 8.7% and current cap rate of 6.9% indicate strong income potential.
- Meticulously maintained 12‑unit apartment building.
- Features high‑end apartments with exquisite woodwork, finishes, fixtures, and exposed brick walls.
- Convenient location near Downtown Troy, 787, and Rt 7, and across from Stewart's and CVS.
- Includes gardens and open space.
- Long‑term tenants provide steady income.
Overview
This is a rare opportunity to own a meticulously maintained 12-unit apartment building occupying nearly half a block. The property features high-end apartments with exquisite woodwork, finishes, fixtures, and exposed brick walls. The buildings are surrounded by gardens and open space, located on a corner across from a Stewart's and CVS. It is situated across the 112th Street bridge from Cohoes and minutes from Downtown Troy, 787, and Route 7. The property's lot size is 0.42 acres, and the building size is 7,885 square feet. Many long-term tenants provide steady income. The current cap rate is 6.9%, with a high market cap rate of 8.7%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Albany
- State
- New York
- Longitude
- -73.678761
- Latitude
- 42.770505
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Rare opportunity: meticulously maintained 12-unit apartment building in Troy.
Where is this apartment building located?
The property is located at 462-470 2nd Avenue Troy, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High market cap rate of 8.7% and current cap rate of 6.9% indicate strong income potential.; Meticulously maintained 12‑unit apartment building.; Features **high‑end apartments with exquisite woodwork, finishes, fixtures, and exposed brick walls.**
