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Meticulously Maintained Apartment Building

462-470 2nd Avenue, Troy, NY 12182

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For Sale

$2,400,000

MULTI_FAMILY - Troy, NY

Property size:

7,885 SF

Lot size:

0.42 Acres

Price / SF:

$304/SF

HighLights

12‑unit apartment building built in 1890
Heating includes natural gas, baseboard, hot water (heating), and forced air; cooling via window unit(s)
Brick and vinyl siding construction with shingle and rubber roofing
Hardwood and tile flooring, plus vaulted and cathedral ceilings
Public utilities: public water and public sewer
Reported current cap rate 7% (high market cap rate of 8.7%)

We can help!

Contact an agent

Joseph P Cardinale

For Sale

$2,400,000

MULTI_FAMILY - Troy, NY

Property size:

7,885 SF

Lot size:

0.42 Acres

Price / SF:

$304/SF

Added:: Mar 23, 2026
Days on Market:: 97
Last Refresh:: Jun 27 at 4:06 pm

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 11, Bathroom 6, Bedroom 15, Bedroom 1, Bathroom 8, Bathroom 11, Bedroom 14, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 13, Bedroom 9, Bedroom 12, Bedroom 6, Bedroom 17, Bathroom 1, Bathroom 12, Bathroom 7, Bedroom 13, Bedroom 2, Bathroom 10, Bedroom 7, Bathroom 14, Bathroom 4, Bedroom 5, Bathroom 9, Bedroom 3, Bedroom 18, Bedroom 16, Bedroom 8
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: Natural Gas, Baseboard, Hot Water(Heating), Forced Air
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: Shingle, Rubber

We can help!

Contact an agent

Joseph P Cardinale

Listing agent Joseph P Cardinale License #10401290174

Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY

Listing date Mar 23, 2026

MLS# 202613763 Listing URL

HighLights

12‑unit apartment building built in 1890
Heating includes natural gas, baseboard, hot water (heating), and forced air; cooling via window unit(s)
Brick and vinyl siding construction with shingle and rubber roofing
Hardwood and tile flooring, plus vaulted and cathedral ceilings
Public utilities: public water and public sewer
Reported current cap rate 7% (high market cap rate of 8.7%)

Overview

This is a rare opportunity to own a meticulously maintained 12-unit apartment building. The high-end apartments feature exquisite woodwork, finishes, fixtures, and exposed brick walls. The buildings are surrounded by gardens and open space, situated on a corner across from a Stewart's and CVS. It is located across the 112th Street bridge from Cohoes and minutes from Downtown Troy, 787, and Route 7. Many long-term tenants provide steady income. The property has a current cap rate of 7% with a high market cap rate of 8.7%. The property size is 7885 square feet and the lot size is 0.42 acres.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Troy
County: Albany
State: New York
Longitude: -73.678761
Latitude: 42.770505

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For sale
Apartment buildings
NY
Troy
12182
462-470 2nd Avenue

What type of property is this?

Apartment building - Rare opportunity: 12-unit apartment building with steady income.

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: 12‑unit apartment building built in 1890; Heating includes natural gas, baseboard, hot water (heating), and forced air; cooling via window unit(s); Brick and vinyl siding construction with shingle and rubber roofing

462-470 2nd Avenue, Troy, NY 12182

MULTI_FAMILY - Troy, NY

Property Features for 462-470 2nd Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Masonry Assembly and Classroom Facility

Mixed-Use Building with Established Businesses

Troy Car Wash For Sale

Turnkey Restaurant with Takeout

Turnkey Restaurant with Owner Apartment

Brick Two-Family with Slate Roof

Mixed-Use Building with Storefront and Apartments

Move-In Ready Two-Family Home

Well-Maintained Triplex with Updates

Troy Car Wash For Sale

Three-Family Residential Income Property

Duplex with Fenced Backyard

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