Building Details

Year Built 1890

Listing Agency: Coldwell Banker Prime Properties

Listed By: Leo E Palmer Show Phone

Source: Signatureonerealtygroup

Added: Aug 16 Changed: Aug 20 Last Checked: Aug 20 at 7:25AM

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Investment Insights

Based on property information with market context.

This 2,024-square-foot multifamily property was built in 1890 and requires substantial physical improvements. Foundation work has been recommended, along with additional repairs and upgrades to the existing structure.

The property is located at 708 3rd Avenue in Troy, New York. Its condition makes the building a redevelopment-oriented multifamily asset for a purchaser prepared to address the recommended foundation work and broader improvement needs.

Key Highlights

• 2,024‑square‑foot multifamily property
• Built in 1890
• Foundation work has been recommended

Property Analytics

Property Profile

Current Use

Multifamily properties

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.

Location Intelligence

Trade Area within ½ mile

371

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Built in 1890, the property requires foundation work and further improvements.

Where is this multifamily property located?

The property is located at 708 3RD Avenue Troy, NY.

What is the asking price?

The asking price for this property is $170,000.

What are key features of this property?

This property features: 2,024‑square‑foot multifamily property; Built in 1890; Foundation work has been recommended