654 2nd Avenue Troy, NY ^$ 275,000

654 2nd Avenue

^$ 275,000

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654 2nd Avenue

Troy, NY, 12182

^$ 275,000

Bedrooms-- Baths-- Sq 2,220

Monthly Estimate*

^$ 1,716

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Commercial Property for sale in Troy, NY

for $275,000. This 2,220 square foot building was built on a lot size of 0.08.

Significant $50,000 price improvement on this mixed-use property located in the heart of the Troy-Lansingburgh area. The offering includes the real estate and an operating laundromat with equipment. The building and business present substantial room for improvement and value-add potential, making it an excellent opportunity for investors or owner-operators looking to grow or reposition the space. High visibility location, strong neighborhood presence, and flexible future use options. Seller is motivated and open to serious buyers!

Commercial Active

Price

^$ 275,000

Property Type

Commercial

Taxes

^$ 5,025

Style

Office,Commercial

Lot Size

0.08

Town/City

Troy

County/Region

Rensselaer

MLS | Web ID

202528047

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling Central Air

Possession At Closing

Roof Rubber

Zoning Mixed

Architectural Style Office Commercial

Construction Materials Brick

Property Subtype Mixed Use

Current Use Laundromat

County Rensselaer

New Construction N

Property Type Commercial Sale

HOA N

Possible Use Laundromat

Status Active

Directions East Side of 2nd Ave Between 117th & 118th St.

City Troy

High School District Lansingburgh

Lot Size Units Acres

Lot Size Square Feet 3485.0

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 5025.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 0

Tax Lot 13.000

Interior

Basement Full

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Water Source Public

Total Parking 4.0

Lot Size Area 0.08

Number of Buildings 1

Spa N

Building Area Total 2220.0

Lot Dimensions 30X120

Lot Size Acres 0.08

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 654

* Excluded Features

List By

Ali Khan

Listing Agent

The People's Real Estate Group

Broker

(518) 365-0662

Phone

ali@thepeoplesrealestate.net

Affordability Calculator

$2,134

Per Month

Monthly Principal & Interest: $1,716
Monthly Property Taxes: $419
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Troy, NY

Average List Price ^$599,303

Percent of Sale Price 118%

About Troy, NY

50,164 Population

2% Since 2002

^$41,523 Median Income

33.3 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

853462 Elementary School

853135 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/15/2025	$275,000	-15.38%	Price Down
10/18/2025	$325,000		Listed Price

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654 2nd Avenue, Troy, NY, 12182 is a Commercial Property for sale at $275,000 with 2,220 sqft and a lot size of 0.08. The property's zip code is 12182 which is in Troy, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 12/12/2025.

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654 2nd Avenue

Commercial Property for sale in Troy, NY

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