Three-unit multi-family property located steps from RPI, perfect for owner occupied or investment. The upper units feature commanding/beautiful views of downtown Troy and beyond, hardwood floors throughout, in unit washer/dryer, separate circuit breaker panels, electric and gas meters, separate gas-fired hot water tanks, and wall mounted, gas-fired boilers. Ground floor unit is a blank slate ready to be customized to taste. All units are vacant. All appliances offered ''AS IS.'' Taxes are estimated and reflect a basic STAR exemption. Ground floor square footage not included in the total.
INVESTMENT OPPORTUNITY! Looking to add an income-producing property to your portfolio? 466 1st St offers a great opportunity with $2,800 in total monthly rental income and established, long-term tenants who would love to remain. Conveniently located directly across from a school, this property offers a desirable location for tenants and the stability of existing occupancy. Whether you're looking to expand your current portfolio or make your first investment, this property is worth a look!
Welcome to 413 3rd St in Troy! This well-maintained two-family home offers a great opportunity for an owner-occupant or investor, with several important updates and desirable features. Recent and notable improvements include a new hot water tank, off-street parking, and washer/dryer. The first-floor unit features a newer stove, while the upstairs unit has a newer refrigerator. The home is also equipped with a Generac backup generator, approximately 10 years old, providing added peace of mind. The furnace has been consistently maintained, and the roof is approximately 15 years old. Enjoy additional outdoor space with a backyard garden, perfect for gardening, relaxing, or entertaining. The property is currently vacant, giving an owner-occupant or investor the flexibility to occupy one unit, rent both units, or make updates to suit their needs. Conveniently located close to everything Troy has to offer, including local shops, restaurants, schools, parks, downtown amenities, public transportation, and major roadways. With two-family versatility, off-street parking, laundry, a backyard garden, backup generator, and numerous maintenance updates, this property is ready for its next owner.
This 3-unit, 3,194 sq ft multi-family offers a strong unit mix: a spacious 1st-floor 3BR/2BA plus two 2nd-floor 2BR/1BA apartments. Classic character throughout with hardwood floors Separate utilities, full basement with laundry hookups, off-street parking for 2 cars, back deck, patio, & shared yard. Close to downtown Troy, RPI, HVCC, shopping, dining, bus lines, and quick access to I-787.
Attention investors and flippers! Historic triplex in Troy's thriving downtown neighborhood, just steps from the riverfront, RPI, Russell Sage, restaurants, galleries, coffee shops, shopping, and the farmers market. Original character throughout includes a beautiful staircase, high ceilings, oversized windows, built-ins, parquet floors, and tile details. Private backyard. The current owners have stamped architectural plans and drawings, and the main sewer line to the street has been replaced with PVC. Additional work completed includes all demo and cleaning, new electric, and framing. A great opportunity to restore and add value to a downtown property with so much potential. Sold as-is. Cash or private financing only.
This versatile two-family home in the heart of South Troy features a spacious 3-bedroom unit on the first floor and a 2-bedroom unit on the second floor, offering an ideal setup for an owner-occupant or an investor. 1st floor is currently vacant and the 2nd unit is rented for $1100/month. Conveniently located near everything downtown Troy has to offer! Schedule your showing today! More pics of the 2nd unit to come!
PRIME, FULLY LEASED MIXED-USE INVESTMENT OPPORTUNITY IN DOWNTOWN TROY! Located just steps away from RPI and Russell Sage College, this 4,752 sq. ft. building offers an unbeatable combination of stable residential and commercial income from day one. The property features two spacious apartments positioned above a highly visible, established ground-floor restaurant space and 2nd floor hair salon with a proven lease history, capitalizing on the area's high student and young professional rental demand. A savvy investor will appreciate the major, high ticket capital improvements that significantly lower future cap - ex, including a 3 year old roof, a brand new main sewer line, and modern, highly efficient mini split heating and cooling systems installed in all apartments. With separate utilities, low maintenance mechanicals. and a premier urban location surrounded by Troy's vibrant dining and shopping district, this asset is a powerhouse addition to any real estate portfolio. Schedule your walkthrough today!
RPI Rental King of the Hill ... Like you're acquiring Two 2 family house's under one roof! What? ... Yes, that's correct; this is an unbelievable 4,692 SF Brick 12 Bedroom, 4 full bath, 6 year old roof. Very nice, coin operated laundry area, 2 washers, 2 dryers. This huge 2 family falls in Residential Dormitory Area Status being just steps off Peoples Ave, which is prime locale for RPI rentals. In all my years owning two family rentals and helping clients and friends with their real estate transactions in the RPI area, Never ever have I seen a colossal brick student rental like this! Ownership has been in the same family for 30+ yrs, constantly maintained in and out. Owners haven't raised room rents in 10 years because of the continual student tenancy, whom have a majority of the time, filled from within themselves to under classmates during entire ownership! $4,740 per month plus tenants pay electric and owner pays gas heat.
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 7% with a high market cap rate of 8.7%.
Fantastic investment opportunity in Lansingburgh! This well-maintained duplex features two spacious flats, each offering 3 bedrooms and 1 full bathroom, with a strong rental history and both units currently on month-to-month leases, offering flexibility for the next owner. Enjoy unobstructed views of the Hudson River along with a private yard--an uncommon combination for a city property. Property is believed to not require flood insurance; buyer and buyer's agent should independently verify flood zone and insurance requirements.
A solid, updated 3,300 SF duplex offering exceptional versatility for investors or an owner-occupant looking to live in one unit and rent the other. Both flats feature a spacious 3-bedroom, 1-bathroom layout with classic built-in cabinets and barn doors separating the living room and dining room. Infrastructure projects are already done: a new roof (2023), gutters (2025), upgraded electrical panels (2021), two new hot water tanks (2024), a newer furnace, and Energy Star exterior doors. The property includes durable vinyl flooring on the second floor. Pull up the carpets on the first to expose the original hardwood flooring. A fenced backyard with a large patio, and dual front porches for your enjoyment. Tenants or owners enjoy 3 paved off-street parking spaces, a smart lights, security system with Ring cameras, and coin-operated laundry in the basement. Ample storage in the dry basement and walk up attic.
Nice opportunity of Owner Occupy or Investor. This 6 Bedroom 2-Family is fully rented at $2,750 monthly income. Tenants pay Elect. & Gas. Major renovations within 5-6 years are new forced hot air system for 1st floor, new hot water tanks, updated kitchens, circuit breaker boxes & new flooring. Short walk to Little Italy area restaurants or Downtown Troy Farmers Market, Concerts, venues and entertainment. Big bonus regarding this 2-Family is it has a rarely round Large Backyard plus 2 Car Off Street Parking!
Property will be Vacant at closing 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!
Nice Solid Brick 3 Unit! Owners taking permanent Florida residence making perfect opportunity for Owner Occupy. Easy walk into Downtown Troy nightlife, restaurants, Riverfront Concerts/Troy Music Hall and Farmers Market to name a few attractions. Or perfect for investor portfolio being close proximity to RPI & hospitals easily attainable $45,000 rent per year as is with 3,312 sq ft finished space higher returns surely if refitted kitchens/baths in the future. All units have separate utilities and bonus to home is a large sub-basement for owner or extra storage with walk out to a large fenced-in backyard. Currently only 1 longer Mo2Mo tenant paying $1,100 + Utilities. Realtor requested other 2 units not be rented during Sale process. Seller agreed so incoming Buyer can choose usage/tenancy for themselves.
Prime location in downtown Troy. This two family is fully rented - first floor long term tenant rented for $1100/month and second floor was recently renovated and rented at $1400/month. Exterior had a paint facelift giving it a fresh curb appeal. Close proximity to shops, restaurants, farmers market, Prospect Park and right on the bus route. Limited viewings due to tenant availability. *Pictures are from upstairs unit post renovation.*
Beautiful two family duplex. Great investment opportunity. The first floor rent is $1250 and always paid on time The second floor rent is $1,350 and is always on time. On the bus line. Ready for the new owner. New roof, new furnaces. Everything works.
Here's an opportunity to add a well-sized multifamily property to your real estate portfolio in Troy, NY. This three-unit property offers a desirable unit mix consisting of two four-bedroom apartments and one three-bedroom apartment, providing substantial living space across all three units. The larger layouts make this property appealing to a wide range of potential tenants, while the three-unit configuration provides multiple income streams under one roof. Whether you are an investor looking to expand your portfolio, an owner-occupant interested in offsetting housing costs with rental income, or someone looking for their next multifamily project, this property offers plenty of possibilities. The property is ready for a new owner to bring their vision and make the most of what it has to offer. With three generously sized apartments and a strong bedroom count, there is an opportunity to create a property that can serve both tenants and an investor's long-term goals.
Welcome to 727 Burden Ave Troy, a spacious two-family property offering an excellent opportunity for investors, owner-occupants, or those seeking flexible multi-generational living. 10.7% CAP RATE with a reported market range of 13.3% to 18.5%. The first-floor unit offers 3 bedrooms, 2 full bathrooms, two living rooms, and an additional room suitable for an office, storage, or flex space. The second-floor unit features 4 bedrooms and 2 living rooms, creating a generous layout for residents. Both units are currently rented, with reported combined rental income of $2,200 per month. Separate electric, gas, heat, water heater, and water utilities provide added convenience for tenants and ownership. The full basement adds valuable versatility with exterior access, finished and unfinished areas, a bathroom stub-in, and kitchen rough-in. The basement is not a separate apartment, and the property is zoned as a commercial two-family. The additional space offers potential for storage, workspace, recreation, or other permitted uses. Conveniently located in Troy's Capital Region, residents are near shopping, dining, recreation, education, and entertainment. Nearby destinations include Hudson River Commons, Hudson Valley Plaza, Prospect Park, Frear Park, and Riverfront Park. Downtown Troy offers restaurants, local shops, the Troy Waterfront Farmers Market, Troy Savings Bank Music Hall, and Hart Cluett Museum. Educational institutions including Rensselaer Polytechnic Institute, Hudson Valley Community College, and Russell Sage College add to the area's appeal. An opportunity to explore for investors seeking a spacious two-family property with established rental income, separate utilities, substantial basement space, and convenient access to all that Troy has to offer. Review the Income & Expense Sheet for additional financial information.
A Very Unique Perfect Owner Occupied or Rental Property, 2 Family with additional 1 bedroom inlaw apt 1st floor. spacious 3 bedroom upper unit, leased . lots of parking and extra lot fenced included. full basement beautiful large yard for entertainment and large gatherings with sliding doors to rear deck. great home for entertaining Vinyl siding Newer vinyl Windows GasHotWater Heat. Easy to View!!
Fully Occupied Duplex - Sold As-Is. This two-family property features a 1BD/1BA first-floor apartment and a 2BD/1BA second-floor apartment. Both units are currently occupied and leased month-to-month, providing immediate rental income. The first-floor unit rents for $975/month, while the second-floor unit rents for $850/month. Showings are limited to the first floor initially and must be scheduled after 6:00 PM due to the tenant's work schedule. Offers will be considered contingent upon the buyer having an opportunity to view both units. Property is being sold strictly AS-IS.
Solid brick two-family home offering 3 bedrooms in each unit and 2 off-street parking spaces. Both units have separate utilities. New windows for Unit 1 are currently on order and will be installed prior to closing. Alternatively, the seller is willing to sell the property ''as is,'' allowing the new owner to handle the window installation. The property has an excellent rental history and has never been vacant until recently. Each unit previously rented for $1,400 per month, with tenants responsible for their own utilities. Unit #1 also offers additional basement finished space, providing the new owner with the opportunity to utilize the area for additional living, recreation, storage, or other permitted uses. A great opportunity for an investor or owner-occupant looking for a solid two-family property with strong rental history.
Vacant Troy Duplex with Exceptionally Low Taxes! This two-family property offers plenty of potential for an investor or owner-occupant. The first floor needs work, while the second floor is in much better condition and features updated carpeting. Enjoy a shaded front yard, privacy fence, and large open backyard -- a great amount of outdoor space for a Troy property. The seller has also recently added new support beams in the basement to provide additional support to the existing structure; see photos for details. Property taxes are an incredible under $1,500 annually, an unusually low tax burden for a Troy duplex. Bring your vision and unlock the potential!
Great addition to any investor's portfolio! Solid, brick 4-unit apartment building in historic Troy. 2025 Brand new flat roof & shingle roof. Separate utilities! Tenants pay electric, gas, heat, hot water. Long term tenant and rent can be higher. Detached garage great for additional rental income, or just storage or parking. Plus an additional 4 off-street parking spaces. Fully fenced back yard and extra wide side yard. Mix of 2 bedroom and 1 bedroom units. Most units have laundry hookups.
Exceptional Investment Opportunity - Turnkey Two-Family + Buildable Lot Near RPI A rare, income-producing asset in Troy's strongest student-housing corridor. 7 & 9 Brunswick Road offers a fully renovated two-family residence plus an adjoining vacant lot--providing stable cash flow, premium finishes, and long-term development potential. The main residence at 7 Brunswick Road features 8 bedrooms and 4 full bathrooms across two modern units. The property underwent a comprehensive renovation, including new electrical systems, new plumbing systems, new insulation, and new drywall throughout. These full-system upgrades significantly reduce operating costs and result in exceptionally low maintenance expenses. Each unit includes granite countertops, stainless steel appliances, updated flooring, high-end furnishings, and independent HVAC systems, making the building fully turnkey and optimized for student demand. With annual gross rental income of $67k, investors benefit from strong cash flow, proven occupancy, and continued rent-growth potential. The combined double lot provides 8 off-street parking spaces, a major advantage for student tenants. The vacant parcel at 9 Brunswick Road adds meaningful flexibility--ideal for future units, outdoor amenities, or long-term land value. Key Investment Highlights Gross Annual Rental Income: $67,290 8BR / 4BA 2,672 SF Fully renovated: new electrical, plumbing, insulation, and drywall Extremely low maintenance expenses Furnished and student-optimized Two independent HVAC systems Double lot with 8 parking spaces Vacant buildable parcel included Strong occupancy history Turnkey condition with immediate cash flow A high-performing, income-producing property with built-in development upside--ideal for investors seeking stability, growth, and strategic land value near RPI. Proof of income or financial qualification required before scheduling a showing. Showings by appointment only.
Turnkey Student-Housing Investment Near RPI - Fully Renovated & Low Maintenance Rare opportunity to own a beautifully maintained, high-quality student-housing investment in the RPI area. This impressive 11-bedroom, 4-bathroom property offers strong rental income, modern amenities, quality furnishings, and excellent tenant appeal. The residence underwent a full renovation, including new electrical systems, new plumbing systems, new insulation, and new drywall throughout. These major infrastructure upgrades significantly reduce long-term operating costs, resulting in exceptionally low maintenance expenses--a major advantage for investors seeking stable, predictable cash flow. The property includes three HVAC systems, on-demand hot water heaters, high-end furniture, stainless-steel appliances, three quartz kitchen countertops, ceramic-tiled bathrooms, and well-appointed living areas. The enclosed patio/entertainment room provides a comfortable year-round space for recreation and gatherings. Outdoor amenities include an updated back deck and a green backyard for tenant enjoyment. Prospect Park is directly across the street, with a convenience store nearby. Located within walking distance of RPI and Downtown Troy, the property offers easy access to campus, restaurants, shops, entertainment, and public amenities. It has a strong history of full occupancy, reflecting consistent demand for high-quality student housing. Highlights 11 Bedrooms; 4 Bathrooms Fully renovated: new electrical, plumbing, insulation, drywall Extremely low maintenance expenses Three HVAC systems; on-demand hot water heaters High-end furniture; stainless-steel appliances; quartz countertops Enclosed patio/entertainment room Updated back deck; green backyard Prospect Park across the street Walking distance to RPI and Downtown Troy Approx. $92K gross annual rental income Strong history of full occupancy Proof of income or financial qualification required before scheduling a showing.
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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.
