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Mixed-Use Building with Storefronts
For Sale
$399,000

601-603 2nd Avenue, Troy, NY 12182

MultiFamily, Troy, NY

Property Size5,145 SF
Lot Size0.09 Acres
Price / SF$77.55
Days on Market11

Property Features for 601-603 2nd Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 9
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 8, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 9, Bedroom 1, Bedroom 6
Basement Partial
Elementary school district Lansingburgh
Middle school district Lansingburgh
High school district Lansingburgh
Directions 787 to Right on to Ontario (Rte. 470), left on Second Avenue, between 116th and 117th Street.
Standard status Active
APN 381700 80.47-5-8
Size 5,145 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Annual Amount 5740

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Space Heater
Water source Public

Building Details

Year built 1911
Number of units 6
Building materials Brick
Listing Agency: Real Broker NY LLC
Listed By: Saad Tai · License #10401373295
Added: Aug 12 Changed: Aug 21 Last Checked: Aug 22 at 1:06AM
MLS# 202623843

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.

Investment Insights

Based on property information with market context.

Located at 601-603 2nd Avenue in Troy, NY, this 5,145-square-foot brick mixed-use property contains four residential units above two storefronts. Built in 1911, the building requires substantial work and offers a renovation-oriented configuration with residential and commercial components under one roof.

The property occupies 0.09 acres within Troy’s newly designated historic district. Public water and public sewer serve the building, while heating is provided through natural gas and space heaters. The four residential units are currently generating $3,600 per month, and the two storefronts have not yet been utilized.

Key Highlights

  • Four residential units over two commercial storefronts
  • 5,145 square feet on 0.09 acres
  • Brick construction; built in 1911

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage HVAC Service Computer & Electronic Repair

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

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

378
Businesses Nearby

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

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

What type of property is this?
Mixed-use property - Four residential units sit above two commercial storefronts in a brick building requiring renovation.
Where is this mixed-use property located?
The property is located at 601-603 2nd Avenue Troy, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four residential units over two commercial storefronts; 5,145 square feet on 0.09 acres; Brick construction; built in 1911
More about this property
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