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20-Unit Apartment Building
For Sale
Contact for pricing
Pending

632 2nd Ave, Troy, NY 12182

Partially leased multifamily property with a newly completed mailroom and additional vacant units for renovation.

Property Size15,934 SF
Days on Market143

Property Features for 632 2nd Ave

General Information

Standard status Pending
Size 15,934 SF
Property subtype Multifamily
Occupancy 50%

Additional Details

Gross Income $134,400
Multifamily Units 20

Amenities

mailroom
Listing Agency: TITAN Commercial Realty Group LLC
Listed By: Todd J. Drowlette · License #NY 10491200889
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 30 at 11:33PM

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 TITAN Commercial Realty Group LLC

Investment Insights

Based on property information with market context.

The property comprises a 20-unit apartment building at 632 2nd Avenue in Troy, New York, with 15,934 square feet of total building area. Ten units are currently leased, while the other ten units are vacant and available for renovation or future leasing. A newly completed mailroom serves the existing residential layout and provides an added building improvement.

The property is positioned in Troy’s rental market and offers a combination of in-place occupancy and unleased residential units. Its current configuration may suit an owner prepared to complete improvements and manage the leasing process across the vacant portion of the building.

Key Highlights

  • 20‑unit multifamily property totaling 15,934 square feet
  • 10 units currently leased and 10 units vacant
  • Newly completed mailroom

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm 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

20
Residential units
50%
Occupancy

Location Intelligence

Trade Area within ½ mile

358
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?
Apartment building - Partially leased multifamily property with a newly completed mailroom and additional vacant units for renovation.
Where is this apartment building located?
The property is located at 632 2nd Ave Troy, NY.
What are key features of this property?
This property features: 20‑unit multifamily property totaling 15,934 square feet; 10 units currently leased and 10 units vacant; Newly completed mailroom
(518) 400-0668 Call to check price and availability
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