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Six-Unit Apartment Building with Storefront
For Sale
$199,900

616 Second Avenue, Troy, NY 12182

MultiFamily, Troy, NY

Property Size4,770 SF
Lot Size0.07 Acres
Price / SF$41.91
Days on Market94

Property Features for 616 Second Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 7
Full bathrooms 6
Half bathrooms 1
Rooms Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bathroom 5, Bedroom 5, Bathroom 7, Bedroom 2, Bedroom 4
Basement Full, Unfinished
Elementary school district Lansingburgh
Middle school district Lansingburgh
High school district Lansingburgh
Directions Route 4 going north from the 112th Street bridge.
Standard status Active
APN 381700 80.47-6-13
Size 4,770 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Annual Amount 6712

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Water source Public

Building Details

Year built 1909
Number of units 7
Building materials Brick
Architectural style Other
Listing Agency: Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
Listed By: Leon Levy · License #30LE0983094
Added: Jul 13 Changed: Oct 13 Last Checked: Oct 14 at 5:06AM
MLS# 202621651

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.

This 4,770-square-foot brick apartment property, built in 1909, includes six residential units along with a storefront component. The building requires a full gut rehabilitation, creating a substantial redevelopment project for an owner prepared to undertake extensive improvements. Existing building systems include hot-water heating, public water, and public sewer.

The property occupies 0.07 acres at 616 Second Avenue in Troy, New York, within Rensselaer County. Its configuration combines residential apartments with ground-floor commercial space, while the existing room inventory includes six bedrooms and seven bathrooms. The building’s brick construction and established utility connections provide a defined starting point for a comprehensive renovation.

Key Highlights

  • Six residential units plus a storefront
  • 4,770 square feet on a 0.07‑acre lot
  • Brick building constructed in 1909

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.

Lease Details

6
Residential units

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with six residential units and a storefront requiring comprehensive 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: Six residential units plus a storefront; 4,770 square feet on a 0.07‑acre lot; Brick building constructed in 1909
More about this property
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