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Multi-Family Building with Storefront
For Sale
$199,900

616 Second Avenue, Troy, NY 12182

Six residential units plus a storefront are included in this property undergoing full gut rehabilitation.

Property Size4,770 SF
Price / SF$41.91
Days on Market118

Property Features for 616 Second Avenue

General Information

Standard status Active
Size 4,770 SF
Property subtype Multi-family

Building Details

Year Built 1909
Listing Agency: Berkshire Hathaway Home Services Blake
Listed By: Leon Levy · License #30LE0983094
Source: Signatureonerealtygroup
Added: Jul 1 Changed: Oct 25 Last Checked: Oct 24 at 9:29PM

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 Berkshire Hathaway Home Services Blake

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Investment Insights

Based on property information with market context.

This property includes six residential units and an attached storefront, and is described as requiring a full gut rehabilitation. The listing also notes a “cash offers only” requirement, and the condition is presented as needing significant work.

The building is located at 616 Second Avenue in Troy, NY 12182. The offering combines multifamily living space with a retail storefront component within the same structure.

Prospective buyers should plan for substantial renovation based on the provided rehab scope, and should confirm all details of unit and storefront configuration as part of their due diligence.

Key Highlights

  • 1909‑built property currently undergoing full gut rehabilitation
  • Includes six residential units plus an attached storefront
  • Cash offers only

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center HVAC Service Parking Lot & Garage

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

386
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six residential units plus a storefront are included in this property undergoing full gut rehabilitation.
Where is this apartment building located?
The property is located at 616 Second Avenue Troy, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1909‑built property currently undergoing full gut rehabilitation; Includes six residential units plus an attached storefront; Cash offers only
More about this property
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