Welcome to 278-280 4th Street, a Six unit multi-family investment opportunity in the heart of Little Italy in Troy. This property features separate utilities for all units, making management simple and expenses easier to allocate. It is almost fully rented, offering immediate income potential and strong cash flow for investors seeking a stabilized asset. The building includes a mix of 2 bed and 3 bed units, many of which have been recently renovated, reducing near term capital needs while enhancing tenant appeal. Tenants also enjoy access to a shared backyard, providing outdoor space that adds to the property's desirability. 278-280 4th St is just half a block from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) https://www.realtor.com/realestateandhomes-detail/308-4th-St_Troy_NY_12180_M32661-25150 276 3rd Street (5 Units) https://www.realtor.com/realestateandhomes-detail/276-3rd-St_Troy_NY_12180_M95784-19164
Welcome to 276 3rd Street, a Five unit multi-family opportunity in the heart of Little Italy in Troy. Each unit has separate utilities, allowing for simplified management and cleaner expense allocation. For sure a solid addition to an investment portfolio with strong fundamentals and long term potential. All units are configured as 2 bed, 1 bath, a unit mix that is typically easier to lease and appeals to a wide range of tenants. The property also presents value-add potential for investors looking to make improvements over time while working toward stabilization. The combination of separate utilities and consistent unit configuration provides operational flexibility. 276 3rd St is just around the corner from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) https://www.realtor.com/realestateandhomes-detail/308-4th-St_Troy_NY_12180_M32661-25150 278-280 4th Street (6 Units) https://www.realtor.com/realestateandhomes-detail/278-280-4th-St_Troy_NY_12180_M97374-95527
Welcome to 304 4th Street, a well positioned triplex offering a strong opportunity for both investors and owner-occupants , only a few blocks from downtown Troy. This three unit property features separate utilities, making management straightforward and expenses easier to allocate, an attractive setup for portfolio investors seeking scalable assets. Each unit provides practical layouts with solid rental potential, while the overall configuration also makes this an excellent option for owner-occupied living, live in one unit and offset your mortgage with rental income from the others. 308 4th St is just around the corner from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. Highlights: - Ideal for investors or owner-occupants - Separate utilities for each unit - Potential for value-add improvements and increased rents - Convenient location. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 278-280 4th Street (6 Units) https://www.realtor.com/realestateandhomes-detail/278-280-4th-St_Troy_NY_12180_M97374-95527 276 3rd Street (5 Units) https://www.realtor.com/realestateandhomes-detail/276-3rd-St_Troy_NY_12180_M95784-19164
RPI Investor's Dream *** A 3 Family with a 5-bedroom, 4 bedroom and 1-bedroom apt. 1 Car garage with additional income and parking for up to 6 cars, 1 block from Campus. Potentially $7,000 of monthly income at full occupancy. Currently, $4135 at partial occupancy. Updated windows, roofs, kitchens, appliances, and 3 Washers, 3 Dryer's. Tin ceilings, ornamental fireplaces and furnished You'll want to add this one to your Portfolio!
Rare opportunity to own nearly half block of meticulously maintained 12 units apartment.See the high end apartments with exquisite wood work, finishes, fixtures & exposed brick walls. The buildings are surrounded by gardens and open space, on the corner across from Stewart's and CVS, cross the 112th street bridge to Cohoes. Minutes to Downtown Troy, 787 and Rt 7. Many long term tenants provide steady income. Current cap rate 6.9% with a high market cap rate of 8.7%.
Great investment opportunity in the Lansingburgh area of Troy! This spacious 3-unit multi-family property offers 9 bedrooms and 3 bathrooms across 3,474 sq ft of living space. All units are currently occupied, providing immediate rental income with stable rents per month. The leases are month to month. Conveniently located near schools, shopping, restaurants, and major highways, making it attractive to tenants. Property offers strong income potential for investors looking to add to their portfolio. A solid opportunity in a growing rental market.
Awesome brick 6 unit investor or Owner occupy corner property located near Washington Park and just a short distance to Russel Sage Campus plus all the Downtown Troy amenities and ongoings: Restaurants, Shops, Farmers Market, Rocking on the river concerts, ect. All apartments have been updated throughout. Original woodworking kept intact keeping the ''old world'' charm in place while modernizing/updating all apartments kitchens, baths, lighting, electrical, flooring, basement/laundry room & nice private rear garden patio area. Six apartment rentals total 9,100 monthly when fully occupied.
Spacious two-family home a perfect opportunity for your next investment or owner-occupied purchase! Fully remodeled from top to bottom, this property features brand-new kitchens, beautifully updated bathrooms, and modern finishes throughout. Major improvements have already been completed, offering peace of mind and low maintenance for years to come.Each unit provides generous living space, making it ideal for strong rental income or comfortable owner occupancy with additional income to offset your mortgage. Conveniently located in Troy, NY, and tucked away on a quiet dead-end street, this property offers added privacy while remaining close to local shops, restaurants, and major roadways. Turn-key, updated, and ready to go don't miss this opportunity!
Rare opportunity to own a fully renovated, side-by-side duplex in a prime Troy location with strong rental demand. While the property is not currently operated as student housing, it's ideally situated for RPI rentals and offers excellent upside for investors seeking stable long-term tenants or higher-yield room-by-room leasing. This well-maintained building was completely gutted and renovated in 2020, offering modern systems, updated finishes, and turnkey appeal. One spacious unit features 5 bedrooms and 1.5 baths—perfect for maximizing rental income—while the second unit offers 2 bedrooms and 1 full bath, ideal for owner-occupancy or an additional rental stream. Ample off-street parking for multiple vehicles behind the residence. Strong rental potential, walkable neighborhood amenities, and proximity to downtown Troy, dining, and public transit make this an attractive long-term hold or value-add investment. Note, listing photos are from when the property was previously listed.
INCOME-PRODUCING DUPLEX - VALUE-ADD OPPORTUNITY Excellent opportunity for investors seeking strong rental potential in the Averill Park School District. This 2-family duplex offers 2,000 sq ft with 7 bedrooms and 2 full baths with current cap rate of 10 % and net income cap rate of 12.7%. Each unit features large living room. The first-floor unit includes 3 bedrooms one bath ideal for increased rent or home-office demand. The second-floor unit offers 4 bedrooms one bath. Unfinished basement provides storage and future value-add potential. Situated on a 5,663 sq ft lot with a fenced backyard, 2-car garage, and additional off-street parking features tenants value. Vinyl siding, forced air and baseboard heating separate natural gas and electric. Property an ideal value-add investment with upside through upgrades, rent increases. Convenient location near schools, shopping, and major routes.
Well-maintained fully occupied duplex located in a desirable Troy neighborhood. This income-producing property features large units with strong rental income, long-term tenants, and a private driveway for off-street parking. Enjoy a spacious backyard, ideal for tenant use or added value potential. Situated in a great area with consistent rental demand, this property is perfect for investors or owner-occupants looking to offset their mortgage while living comfortably in a well-located multifamily home.
Vacant Brick 3-Unit - Fully Updated & Ready for Your Tenants. Solid brick three-unit building delivered vacant, offering a rare opportunity to place your own tenants at market rents. Each unit features spacious 2-3 bedroom layouts with updated interiors throughout. Recent improvements include new kitchens, new bathrooms, and updated mechanical systems, providing low-maintenance ownership and modern appeal for tenants. The classic brick construction adds durability and long-term value. Off-street parking available, a major convenience and rental advantage. Ideal for investors or owner-occupants seeking a turn-key multi-family property with strong income potential
Duplex opportunity in the heart of Troy. This two-unit property is being sold as is and is ideal for investors or contractors looking for their next project. Features include a recently updated roof and furnace and an enclosed side porch offering additional space. Property requires significant renovation but offers strong upside for the right buyer. Conveniently located near downtown Troy, shops, dining, and major routes. Cash or renovation financing recommended.
RPI rental property with 8 bedrooms and 2 baths. Great rental investment property with steady cash flow. $5200 per month rental income. New roof.
RPI rental property with 6 bedrooms, 2 full baths. Great rental investment property with steady cash flow. Separate utilities.
Welcome to your new investment. The upstairs tenant will not be renewing their lease, leaving this a great option for an owner occupied building. Currently this building is fully rented, has separate utilities, in unit laundry for both units, a backyard, off street parking and much more. This building is located near the bus line and local bakeries/restaraunts. The bottom unit has 2 bedrooms and a large den with a large living room and 1 bath. The upstairs unit has 2 bedrooms and a den with 1.5 bedrooms and a large livingroom. Gross income is $32,640. Seller related to listing agent.
Welcome to 1105 Hutton St, a fully occupied two-unit property offering immediate cash flow and low-maintenance ownership. This well-kept fully rented building features a new roof, various improvements, and near RPI is perfect for both seasoned investors and those just entering the rental market. Don't miss your chance to own a hassle-free, income-producing asset in a growing area of Troy! Can be sold with 319 Speigletown Rd, and 23-25 Prospect Ave Troy NY.
Introducing 319 Speigletown Rd, a fully occupied six-unit building offering strong, immediate cash flow and impressively low maintenance. This property has been extensively improved, featuring new electric, a new roof, new siding, and numerous interior updates throughout. A rare bonus includes an on-site garage for added storage or rental potential. With its solid upgrades, strong tenant base, and hands-off condition, this is a prime turnkey investment in the outskirts of Troy. Can be sold with 23-24 Prospect Ave and 1105 Hutton St Troy NY.
Discover an excellent opportunity at 23-25 Prospect Ave, a fully occupied four-unit building offering immediate, reliable cash flow. This well-maintained property features a new roof, updated essentials, and strong rental history ideal for hands-off ownership. Located just minutes from RPI, the building is perfectly positioned for continued long-term tenants or future student rental potential. A rare chance to own a ready-to-go, income-producing asset in one of Troy's most desirable and high-demand areas! Can be sold with 319 Speigletown Rd, and 1105 Hutton Street Troy NY.
Courtesy: HOULIHAN LAWRENCE INC. LG
Investor's Delight in Troy, NY! Explore the potential of this 3-unit property that spells opportunity for those with a keen eye for investment. Strategic Location: Situated in Troy, this property offers a location primed for future growth. Your investment is anchored in a community with potential upside. Income-Producing Asset: This 3-unit home is a steady income generator. With individual meters for each unit, you have control over utilities, offering a straightforward approach to property management. Investor-Friendly Infrastructure: The inclusion of individual meters adds a layer of convenience for investors looking for a hassle-free management experience. Diverse Potential Tenants: The property's three units allow for flexibility in attracting a diverse range of tenants, ensuring consistent rental income. Opportunity Awaits: This property holds the promise of potential. As an investor, you have the chance to add value and make strategic decisions for future returns. Embrace the potential of this investment opportunity it's a canvas waiting for your vision. Act now and shape this property into a cornerstone of your investment portfolio in Troy!
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Troy is located in New York. Troy, New York has a population of 50,717. Troy is less family-centric than the surrounding county with 17.38% of the households containing married families with children. The county average for households married with children is 24.39%.
The median household income in Troy, New York is $50,304. The median household income for the surrounding county is $76,731 compared to the national median of $69,021. The median age of people living in Troy is 32.5 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.4 degrees. The average rainfall is approximately 40.5 inches per year, with 51.2 inches of snow per year.
