Five-Building Apartment
For Sale
$2,400,000
462-470 2nd Ave, Troy, NY 12182
COMMERCIAL - Troy, NY
Property SizeContact for details
Lot Size0.42 Acres
Days on Market251
Property Features for 462-470 2nd Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
16
Bathrooms
13
Full bathrooms
12
Half bathrooms
1
Rooms
Bedroom 15, Bedroom 3, Bedroom 11, Bathroom 9, Bathroom 6, Laundry Room, Bedroom 2, Bathroom 7, Bathroom 4, Bathroom 13, Bathroom 8, Bedroom 5, Bathroom 11, Bedroom 16, Bathroom 5, Bedroom 12, Bedroom 1, Bedroom 9, Bedroom 10, Bedroom 6, Bathroom 2, Bathroom 10, Bedroom 4, Bedroom 7, Bathroom 3, Bathroom 12, Bedroom 13, Bathroom 1, Bedroom 14, Bedroom 8
Interior features
Walk-In Closet(s), Entrance Foyer
High school district
Lansingburgh
Directions
Continue onto 112th St Turn right onto 2nd Ave
Standard status
Active
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
21212
Utilities
Heating system
Hot Water(Heating), Natural Gas, Baseboard
Building Details
Year built
1850
Flooring type
Hardwood, Tile
Building materials
Vinyl Siding, Brick
Roof type
Asphalt, Rubber
Listing Agency:
HOWARD HANNA CAPITAL INC
(518) 371-4500
Listed By:
Joseph Cardinale · License #10401290174
Added: Dec 12, 2025
Changed: Aug 4
Last Checked: Aug 20 at 8:06PM
MLS# 11617727
Copyright © 2026 My State MLS. 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 apartment portfolio consists of five meticulously maintained connected buildings with 12 apartment units. The homes feature a mix of tile and hardwood flooring, and interior touches including walk-in closets and an entrance foyer. Exterior materials include vinyl siding and brick, with asphalt and rubber roofing. Heating is provided by hot water systems and natural gas baseboard units. Built in 1850, the buildings present period character paired with ongoing upkeep.
The connected property sits on a corner across from Stewart’s and CVS, with the 112th Street bridge providing access to Cohoes. The offering is described as minutes from Downtown Troy and convenient to 787 and Rt 7.
The current cap rate is 6.9%, with a stated market cap rate of 8.7%. Long-term tenants are noted as supporting steady income across the property.
The connected property sits on a corner across from Stewart’s and CVS, with the 112th Street bridge providing access to Cohoes. The offering is described as minutes from Downtown Troy and convenient to 787 and Rt 7.
The current cap rate is 6.9%, with a stated market cap rate of 8.7%. Long-term tenants are noted as supporting steady income across the property.
Key Highlights
- Five connected buildings totaling 12 apartment units
- 0.42‑acre portfolio on connected properties
- Corner location across from Stewart’s and CVS
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
423
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five connected buildings totaling 12 apartment units with hot water and natural gas baseboard heat.
Where is this apartment building located?
The property is located at 462-470 2nd Ave 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: Five connected buildings totaling 12 apartment units; 0.42‑acre portfolio on connected properties; Corner location across from Stewart’s and CVS
