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Updated Six-Unit Apartment Building
For Sale
$799,000

571-573 1st Street, Troy, NY 12180

Turn-key updated six-unit building with refinished interiors, modern heating, and off-street rear parking for five cars.

Property Size9,006 SF
Price / SF$88.72
Days on Market163

Property Features for 571-573 1st Street

General Information

Standard status Active
Size 9,006 SF
Property subtype Multi Family / Multi Family

Building Details

Year Built 1890
Listing Agency: Capitaland Preferred Properties
Listed By: Michael M Mascitelli
Source: Compass
Added: Feb 18 Changed: Jul 22 Last Checked: Jul 30 at 1:36PM

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 Capitaland Preferred Properties

Investment Insights

Based on property information with market context.

This turn-key, updated six-unit apartment building offers renovations completed in 2020. Improvements include updated kitchens and baths, refinished hardwood floors, electrical work, and a rubber roof. The building also features sound and fire insulation between apartments, state-of-the-art heating systems, and washer and dryer hookups for each unit.

The property is located close to Hudson Valley Community College, with easy access to highways and served by a bus line. Off-street parking is available in the rear for five cars.

The six-unit configuration, recent capital upgrades, and in-unit laundry hookups make the building a straightforward option for ownership as provided.

Key Highlights

  • Updated 6‑unit brick building with full basement
  • Renovations completed in 2020: kitchens and baths, refinished hardwood floors, electrical, and rubber roof
  • Heating includes baseboard and hot water systems with natural gas

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

305
Businesses Nearby

Demographics for 12180, NY

55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Turn-key updated six-unit building with refinished interiors, modern heating, and off-street rear parking for five cars.
Where is this apartment building located?
The property is located at 571-573 1st Street Troy, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Updated 6‑unit brick building with full basement; Renovations completed in 2020: kitchens and baths, refinished hardwood floors, electrical, and rubber roof; Heating includes baseboard and hot water systems with natural gas
More about this property
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