Two-Family Income
For Sale
$224,900
576 2ND Avenue, Troy, NY 12182
Large two-family duplex with in-law accommodations, most areas finished and rented, sold as-is.
Property Size3,878 SF
Price / SF$57.99
Days on Market117
Property Features for 576 2ND Avenue
General Information
Standard status
Active
Size
3,878 SF
Total Parking Spaces
3
Property subtype
Multi-family
Occupancy
75%
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
Heer Realty,Inc.
Listed By:
John A Mainello
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Apr 9
Changed: Jul 20
Last Checked: Jul 21 at 7:09AM
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 Heer Realty,Inc.
Investment Insights
Based on property information with market context.
This two-family income duplex offers a 5-bedroom, 4-bath layout with in-law accommodations to the rear of each floor. The property includes a 3-car garage and is described as having 3/4 of the building finished and rented, with 1/4 of the interior—specifically the 2nd-floor rear in-law area—identified as needing rehab.
The seller states that front windows, kitchens, all appliances, and between 2 and 4 years old items are in place, and the roof is approximately 4 years old. The purchase is listed “as is where is,” with inspections available for buyers’ knowledge without seller credits. For loans, flood insurance is noted as required.
The seller’s remarks indicate the finished, rented portion is generating monthly income of $2,700 plus utilities, with $1,725 attributed to the 1st-floor and $975 to the 2nd-floor units. The identified rehab area is described as having potential to add approximately $700 more monthly income if completed.
The seller states that front windows, kitchens, all appliances, and between 2 and 4 years old items are in place, and the roof is approximately 4 years old. The purchase is listed “as is where is,” with inspections available for buyers’ knowledge without seller credits. For loans, flood insurance is noted as required.
The seller’s remarks indicate the finished, rented portion is generating monthly income of $2,700 plus utilities, with $1,725 attributed to the 1st-floor and $975 to the 2nd-floor units. The identified rehab area is described as having potential to add approximately $700 more monthly income if completed.
Key Highlights
- 1890‑built large 5‑bedroom, 4‑bath two‑family duplex with in‑law accommodations and 3‑car garage
- 3/4 of the building is finished and rented for $2,700/month total ($1,725 first floor + $975 second floor), plus utilities
- 1/4 of the building (2nd‑floor rear in‑law area) needs rehab with potential to add about $700/month
Property Analytics
Current Use
Lease Details
2
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
378
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?
Duplex - Large two-family duplex with in-law accommodations, most areas finished and rented, sold as-is.
Where is this duplex located?
The property is located at 576 2ND Avenue Troy, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 1890‑built large 5‑bedroom, 4‑bath two‑family duplex with in‑law accommodations and 3‑car garage; 3/4 of the building is finished and rented for $2,700/month total ($1,725 first floor + $975 second floor), plus utilities; 1/4 of the building (2nd‑floor rear in‑law area) needs rehab with potential to add about $700/month
