Troy NY Multi-Family Real Estate, Homes for Sale

4 Beds ⋅ 3 Baths ⋅ 202629217 MLS

Troy has a way of making you fall for its historic brick buildings, timeless architecture and beautiful riverfront charm. Now, you have the opportunity to own a piece of it. Located in the heart of downtown Troy, this distinctive three-story mixed-use building offers a unique blend of historic character and investment potential, with a connection to the Capital Region's filming of HBO's The Gilded Age. The ground-floor storefront is a blank canvas ready for your vision. Imagine a professional office, boutique, creative studio or neighborhood restaurant with your name on the door. Complimentary parking adds convenience in a bustling downtown setting. Above, the second and third floors each feature a two-bedroom, one-bathroom apartment with room to personalize and explore different layouts, including the possibility of loft-inspired living. Neither apartment has previously been rented, offering a fresh opportunity for an investor to establish rental income. Projected rent is approximately $2,900 per apartment. The possibilities are plentiful. Operate your business downstairs while generating rental income from the apartments, live in one unit while renting the other, or explore leasing all three levels as a mixed-use investment. Whether you're an experienced investor or looking to expand your portfolio, this property offers flexibility and exciting potential in one of the Capital Region's most distinctive downtown districts. Step outside and enjoy everything Troy has to offer, from the beloved Troy Waterfront Farmers Market and local restaurants to independent boutiques, historic landmarks and the Hudson River waterfront. With its rich history, vibrant arts scene and distinctive architecture, downtown Troy continues to attract residents, entrepreneurs and visitors alike. Bring your vision to life and discover the possibilities of owning a unique piece of downtown Troy.

278 River Street, Troy

$229,900

3 Beds ⋅ 2 Baths ⋅ 202629121 MLS

This fully occupied duplex offers an investment opportunity with two spacious rental units. The property features a fenced backyard, rear porch, ample street parking, and washer/dryer hookups in both apartments. The second-floor apartment is occupied by a long-term tenant who has maintained the unit well, while the first-floor tenant has occupied the property for less than a year. With both units occupied, outdoor space, and laundry hookups in each apartment, this property offers an established rental investment with continued income potential.

300 4th Avenue, Troy

$309,900

5 Beds ⋅ 3 Baths ⋅ 202629119 MLS

Located just two blocks from RPI, this fully occupied three-unit property offers an attractive investment opportunity in Troy's established university rental market. Its convenient location provides easy access to campus, Prospect Park, and the shops, restaurants, and amenities along Congress Street. The sale also includes the adjacent parcel at 34 13th Street, adding valuable outdoor space and potential flexibility for parking, tenant amenities, or future improvements, subject to municipal approvals. With three occupied units, an additional parcel, and a close proximity to RPI, this property presents an opportunity for investors seeking an established rental asset with potential for future growth.

36 13th Street, Troy

$349,000

6 Beds ⋅ 3 Baths ⋅ 202628929 MLS

Fantastic investment opportunity in a prime Troy location! Welcome to 2244 15th Street, a well-positioned three-unit property offering excellent potential for investors and owner-occupants alike. Featuring a brand-new roof, newer windows, and separate utilities for each unit, this property offers valuable updates and convenient management. Ideally situated near RPI, downtown Troy, shopping, dining, and major transportation routes, the location provides easy access to everything the area has to offer. Whether you're looking to expand your investment portfolio, generate rental income, or live in one unit while renting the others, this versatile property presents a wonderful opportunity. Don't miss your chance to own a three-unit property in a desirable Troy location!

2244 15th Street, Troy

$259,900

7 Beds ⋅ 3 Baths ⋅ 202628875 MLS

OPEN HOUSE SUN 10/25 11:30-1:30. Fresh new start at $259,900! This spacious 3-level Victorian two-family in Troy's Lansingburgh neighborhood sits on a double lot with plenty of outdoor space. The top apartment includes a loft, great for an office or guest space. It's ideal for an owner-occupant or an investor. Schedule your showing today!

69 6th Avenue, Troy

$369,900

4 Beds ⋅ 2 Baths ⋅ 202628782 MLS

Hard to find new construction 2 family! This spacious 2 family home has 2 bedrooms in each unit, separate utilities and off street parking. At this stage of construction the home can still be configured in different ways, call for a meeting with builder. Great curb appeal, nice sized back yard with alley access, high efficiency gas heat and central air, luxury vinyl plank flooring

705 3rd Avenue, Troy

$249,000

4 Beds ⋅ 2 Baths ⋅ 202628571 MLS

Discover this all-brick, two-story, two-family property at 82 Ida Street in Troy, situated along the canal with water views from the rear yard. Each unit offers two bedrooms, an updated kitchen, and a full bath. The rear yard provides an inviting setting to relax and enjoy the canal views. A great opportunity for an owner-occupant seeking rental income or an investor looking to expand their portfolio. SELLING AS IS. The property is offered in as-is condition. Any inspections conducted are for informational purposes only. Seller will not make repairs or offer credits

82 Ida Street, Troy

$219,000

4 Beds ⋅ 2 Baths ⋅ 202628274 MLS

Great duplex in desirable location of Troy. Located within walking distance to RPI & downtown Troy. Great rental potential for RPI students or wonderful for an owner occupied buyer. Both units are rented until May & July. Walk into an up & down style duplex with landing upstairs & room for shoes, storage & your bike on first floor. Sought after off street parking & plenty of on street parking as well. Updates throughout, newer carpets & updated bathrooms, electrical & landscaping. Separate utilities & washer dryer in each unit. Owner pays all utilities, so rents could be higher. Nicely appointed well maintained units. Private backyard featuring a stone patio and corner lot, adding tons of privacy especially in the summer months. Walk out basement with newer furnaces & water tanks, dry & updated separate electrical panels. Low taxes. Great investment to start or add to your portfolio! Best time for showings are nights and weekends, per the tenants.

46 Christie Street, Troy

$215,000

5 Beds ⋅ 2 Baths ⋅ 202628218 MLS

Discover the potential of 261 5th Avenue! This two-unit multifamily property offers an opportunity for investors or owner-occupants looking to add value. Featuring two separate units and a fully fenced backyard, the property offers the benefits of multifamily living in a convenient location with access to Downtown Troy and area amenities. Schedule your showing today and come see the possibilities for yourself!

261 5th Avenue, Troy

$210,000

4 Beds ⋅ 2 Baths ⋅ 202628193 MLS

Affordable Two-Family Investment Opportunity. With rents continuing to rise, why rent when you could own? Don't miss this affordable, move-in-ready two-family property located in the Lansingburgh School District! Whether you're an investor looking to build your portfolio and generate rental income or an owner-occupant looking to offset your mortgage by renting out the second-floor apartment, this property offers an excellent opportunity to put your money to work. Both units feature their own in-unit washer and dryer, so there's no need for trips to the laundromat! Separate utilities provide added convenience for managing expenses. Step outside and enjoy the rear deck overlooking a fenced-in backyard, offering a great space to relax or entertain. Affordable ownership, rental income potential, and practical amenities make this property one you won't want to miss! Start building equity and take advantage of the benefits of owning a two-family property today. Schedule your showing before this opportunity is gone!

270 4th Avenue, Troy

$210,000

6 Beds ⋅ 2 Baths ⋅ 202628078 MLS

Attention investors and first time home buyers, who are looking to supplement their income, this is the property you have been looking for. This two unit property with long term tenants already in place, A well maintained home with a gracious yard area for family activities located in the heart of Troy. Just a short distance to the bus line and all of everyday amenities. this property is to be SOLD AS IS !!!

354 4th Avenue, Troy

$299,000

9 Beds ⋅ 3 Baths ⋅ 202627973 MLS

Solid brick 3 Family on a double lot with parking in the back offered at $299,000. OPEN HOUSE Friday October 16th 11:00-1:00.

2531 6th Avenue, Troy

$249,900

4 Beds ⋅ 4 Baths ⋅ 202627968 MLS

This amazing 2 Family is located in Lansingburgh! Each unit features 2 Bedrooms, 2 Baths, and spacious floor plans. This is a solid investment for any investor looking for cash flow. Located near Downtown Troy, Snowman's Ice Cream, RPI, Sage College, amazing restaurants, shops, and easy access to highways.

30 118th Street, Troy

$169,500

4 Beds ⋅ 2 Baths ⋅ 202627909 MLS

Investors take note! A great add to your portfolio. Duplex in Troy with 4 BDR 2 Full Baths. Carport in back for off street parking. Fresh paint throughout, new flooring, siding and more! Minutes to downtown Troy with Riverfront activities, shopping, dining and major interstate highways.

7 Smith Avenue, Troy

$325,000

7 Beds ⋅ 2 Baths ⋅ 202627753 MLS

Nice 7 bedroom 2 family on Pawling Ave. Good opportunity for 1st time buyer or investor. Same family ownership over 30+ years. 1st FLR has 3 bedrooms and 2nd FLR has 4 bedrooms! Both floors offer large living room and dining rooms, eat-in kitchens, hardwood floors, large front porches, and private driveway. Great locale on bus route, close proximity to Emma Willard and RPI. Easy commute to Historic Downtown Troy where you can enjoy restaurants, concerts, shopping and The Farmers Market and 10 minutes to Highway 787 (Albany) and Northway 87 (Saratoga/Lake George). Both units are month to month, longer term tenants. Each floor paying $900 per month plus tenants pay all gas and electric utilities plus water billing. *Owner installed 2 separate water meters & 5 year old roof.

26 Pawling Avenue, Troy

$244,900

5 Beds ⋅ 2 Baths ⋅ 202627733 MLS

Great investment or owner occupy; Don't hesitate! Meticulously maintained turnkey completely vacant 2 family on private double lot in North 'Burgh. Family owned 100+ years, family occupied 65 years. Seller has gone through entire home before putting on market. Both floors have been freshly painted for a blank slate. Hardwood floors throughout have been sanded and refinished. Brand new laminate flooring in kitchens and baths. First floor bath has new tub, tile bath and toilet. Second floor bath has new toilet. Good size rooms with eat-in kitchens. Home features an enclosed 3 season porch with an open air covered side porch above. All appliances, included with 2 brand new refrigerators, all with a transferrable warranty. Separate utilities with 2 furnaces. Both hot water tanks 3 years young. Each unit has hook ups for washer and dryer. Home has solid bones with one car garage with slate roof and blacktop floor. Possibility of off street parking.

749 5th Avenue, Troy

$199,900

4 Beds ⋅ 3 Baths ⋅ 202627497 MLS

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.

91 11th Street, Troy

$199,000

7 Beds ⋅ 2 Baths ⋅ 202627392 MLS

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!

466 1st Street, Troy

$215,000

3 Beds ⋅ 2 Baths ⋅ 202627271 MLS

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.

413 3rd Street, Troy

$319,000

7 Beds ⋅ 4 Baths ⋅ 202627260 MLS

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.

130 5th Avenue, Troy

$140,000

5 Beds ⋅ 2 Baths ⋅ 202627235 MLS

Sold before print to tenant

793 2nd Avenue, Troy

$750,000

3 Beds ⋅ 5 Baths ⋅ 202627229 MLS

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!

1809 5th Avenue, Troy

$219,900

3 Beds ⋅ 3 Baths ⋅ 202627222 MLS

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.

3 St Pauls Place, Troy

$214,900

5 Beds ⋅ 2 Baths ⋅ 202627209 MLS

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!

101 Madison Street, Troy

$650,000

202626833 MLS

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.

2166 14th Street, Troy

$2,400,000

18 Beds ⋅ 14 Baths ⋅ 202626830 MLS

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%.

462-470 2nd Avenue, Troy

$250,000

6 Beds ⋅ 2 Baths ⋅ 202626807 MLS

PRICE IMPROVED AND READY TO GO! 9.98% CAP RATE! Don't miss this fantastic investment opportunity in Lansingburgh! This well-maintained duplex offers an attractive 9.98% cap rate, strong rental history, and two spacious flats, each featuring 3 bedrooms and 1 full bathroom. Both units are currently occupied on month-to-month leases, providing flexibility for the next owner. Enjoy unobstructed views of the Hudson River and a private yard—a rare combination for a city property! Garage off alley, complete with new roof! Whether you're looking to expand your investment portfolio or explore owner-occupancy potential, this property offers income, versatility, and value. The current owner's mortgage does not require flood insurance. Buyer/buyer's agent should independently verify the property's flood zone designation and any applicable flood insurance requirements.

260 3rd Avenue, Troy

$314,900

6 Beds ⋅ 2 Baths ⋅ 202626780 MLS

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 newly installed on the first floor 10/6 and previously installed on the second floor. 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.

5 Lansing Avenue, Troy

$210,000

6 Beds ⋅ 2 Baths ⋅ 202626760 MLS

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!

146 Hill Street, Troy

$309,900

6 Beds ⋅ 2 Baths ⋅ 202626751 MLS

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!

34 Francis Street, Troy

$264,500

6 Beds ⋅ 3 Baths ⋅ 202626741 MLS

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.

215 9th Street, Troy

$225,000

6 Beds ⋅ 2 Baths ⋅ 202626685 MLS

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.

81 2nd Avenue, Troy

$400,000

11 Beds ⋅ 3 Baths ⋅ 202626482 MLS

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.

211 4th Street, Troy

$185,000

7 Beds ⋅ 2 Baths ⋅ 202626448 MLS

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.

727 Burden Avenue, Troy

$229,000

5 Beds ⋅ 2 Baths ⋅ 202626391 MLS

Two units, a detached garage, and options from day one! Set on a quiet street in Lansingburgh, 298 3rd Ave offers the perfect blend of comfortable living and income potential. The first-floor unit features 3 generously-sized bedrooms, 1 bath, in-basement laundry and will be delivered vacant, The second floor offers 2 bedrooms, 1 bath, in-unit laundry and a lease in place at market rent through May 2027. Both units have separate front and rear entrances, giving each space added privacy and convenience. The detached garage and driveway add valuable OFF STREET parking and storage, while the location keeps you close to Downtown Troy, RPI, the Hudson River waterfront, restaurants, shops, entertainment and the Troy Waterfront Farmers Market. Live in one and offset your mortgage, keep it as a full investment, or make it work for your own plans. A versatile Troy two-family in a neighborhood setting with the city just minutes away!

298 3rd Avenue, Troy

$219,900

6 Beds ⋅ 2 Baths ⋅ 202626365 MLS

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.

356 4th Street, Troy

$272,400

8 Beds ⋅ 2 Baths ⋅ 202626272 MLS

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!!

150 5th Avenue, Troy

$109,900

3 Beds ⋅ 2 Baths ⋅ 202626057 MLS

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!

329 1st Street, Troy

$349,900

6 Beds ⋅ 4 Baths ⋅ 202625859 MLS

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.

540 2nd Street, Troy

$379,000

7 Beds ⋅ 4 Baths ⋅ 202625788 MLS

Two vacant units give a new owner immediate options in this four-unit Troy property, whether occupying one while collecting income from the remaining units or placing new tenants and establishing rents following turnover. The vacancies were intentionally maintained in preparation for sale, and the property otherwise has a history of long-term tenancy. The property offers a mix of two one-bedroom and two two-bedroom units. Two units are accessed from the front of the property and two from the rear, creating more separation between units and reducing shared foot traffic. Off-street parking adds significant practical value, complemented by a low-maintenance yard. On-site coin-operated laundry provides convenient tenant access while generating an additional income stream for the property. 128 6th Avenue, directly across the street, is also available for sale. The properties may be purchased individually or together, offering the option to acquire seven units across two properties in the same location. The City of Troy recently completed water and sewer line improvements along the street, benefiting the property. Financial information is provided for review.

143 6th Avenue, Troy

$679,000

8 Beds ⋅ 4 Baths ⋅ 202625570 MLS

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.

7 Brunswick Road, Troy

$999,000

11 Beds ⋅ 4 Baths ⋅ 202625554 MLS

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.

277 Congress Street, Troy

$225,000

6 Beds ⋅ 2 Baths ⋅ 202625478 MLS

This two family home offers a great opportunity for both investors and owner occupant. Each unit is very generous in size with eat in kitchens, built in cabinets, laundry rooms on each floor and off street parking in the rear of the property. Conveniently located to schools, shopping and restaurants. This is a great one, don't miss out!

479 8th Avenue, Troy

$188,000

6 Beds ⋅ 2 Baths ⋅ 202625401 MLS

Here's a chance to own a piece of Troy history. Built in 1885, this classic brick two-family at 893 River St offers 2,632 square feet with a practical layout investors and owner-occupants both love: each floor has 3 bedrooms and 1 bath, so you can live in one unit and rent the other, or hold both as rentals in a city where rental demand stays strong. The second floor has a new furnace, and the first floor comes with a long-term tenant already in place at $865/month — income from day one for an investor, or move into the second floor yourself and let the first floor help carry the mortgage. At $188,000 this is an affordable entry into Troy's historic housing stock — 19th-century character, a North Central location minutes from downtown, and a price point that leaves room to improve and build equity. Why Troy: Troy is a Hudson River city with one of the most intact Victorian downtowns in the country — its cast-iron River Street architecture is often compared to SoHo, and its streets regularly double as a movie set. Saturday mornings bring the year-round Troy Waterfront Farmers Market to River Street, and the calendar fills out with the River Street Festival, Rockin' on the River summer concerts, Troy Night Out on the last Friday of each month, and the Victorian Stroll in December. The Troy Savings Bank Music Hall anchors the arts scene, and galleries, cafes, and restaurants line downtown's walkable core. For everyday life, you're in the Capital Region: RPI and Hudson Valley Community College nearby, Albany's employers and the Albany-Rensselaer Amtrak station just across the river, and Prospect Park's Hudson views a short trip away.

893 River Street, Troy

$270,000

6 Beds ⋅ 2 Baths ⋅ 202625293 MLS

Renovated from A to Z! This turnkey Troy two-family features two beautifully updated 3-bedroom units with brand new kitchens, appliances, bathrooms, flooring, plumbing, electrical, furnaces, windows, laundry hook ups, hot water tanks, 2 decks and balcony. A two-car garage with private alley access offers potential for additional rental income--an excellent opportunity for owner-occupants or investors!

427 6th Avenue, Troy

$250,000

6 Beds ⋅ 2 Baths ⋅ 202625177 MLS

Attention investors looking for a fully occupied, positive cash flowing duplex in Troy. With $36,000 annual gross income and an approximate NOI of $31,200, this property provides a cap rate of over 11%. This beautiful brick duplex offers 3 bedrooms and 1 bath in each unit, remodeled kitchens, new furnaces, hot water tanks and a new rubber roof. The home has newer vinyl replacement windows. Basement could be finished to offer up additional living space. Tenants pay heat, electric, gas, hot water, heat, cable, internet All units separately metered (2 meters in basement).

3236 6th Avenue, Troy

$344,900

8 Beds ⋅ 3 Baths ⋅ 202625170 MLS

Completely remodeled three-family offering an incredible investment opportunity in Troy. This impressive all-brick multifamily combines classic, durable construction with extensive modern updates throughout. Each unit offers a spacious layout with beautifully updated kitchens, renovated bathrooms with tiled showers, and bright modern finishes throughout. Major improvements include updated plumbing and electrical, along with Navien heat and hot water systems for efficient, modern mechanicals. The combination of all-brick construction, three separate units, extensive renovations, and large living spaces makes 329 9th Street a standout addition to any rental portfolio or the perfect for owner occupants given the already vacant units. With the major work already completed, buyers can focus on maximizing rental income rather than taking on a large renovation.

329 9th Street, Troy

$314,999

8 Beds ⋅ 2 Baths ⋅ 202625169 MLS

Turnkey and completely remodeled two-family offering an incredible amount of space. Each unit features a massive 4-bedroom layout, making this property an excellent opportunity for investors or owner-occupants looking for strong rental potential and spacious living. Extensive renovations have been completed throughout, including updated plumbing and electrical, modern kitchens, beautifully finished bathrooms with tiled showers, and fresh finishes throughout. Each unit also features Navien heat and hot water systems, providing efficient, modern mechanicals and separate comfort for both units. With 8 total bedrooms, oversized units, and major updates already completed, this property offers the combination of size, quality, and versatility that's hard to find in Troy. Whether you're looking to add a turnkey multifamily to your portfolio or live in one unit while renting the other, 326 9th Street is ready to go.

326 9th Street, Troy

$699,999

22 Beds ⋅ 7 Baths ⋅ 202624908 MLS

Extremely rare and versatile four-unit investment property in the heart of Downtown Troy! Offering nearly 7,000 square feet of living space, this massive multifamily property features an impressive 22 bedrooms and 7 bathrooms, providing tremendous flexibility and income potential. The spacious layouts make this an excellent opportunity for large-group rentals, student housing, or a high-performing multifamily investment. Each floor features Navien heating and hot water systems, beautiful hardwood and tile flooring, and convenient in-unit/on-floor laundry. Additional improvements include a new roof with a transferable warranty, adding even more value and peace of mind for the next owner. A truly unique property with size, location, and versatility that are extremely difficult to find in the Troy market. Don't miss this exceptional investment opportunity!

168 3rd Street, Troy

$205,000

6 Beds ⋅ 2 Baths ⋅ 202624811 MLS

Investors and owner-occupants, take notice! Located at 1302 5th Avenue in Troy, this two-family property offers two 3-bedroom, 1-bath units and an excellent opportunity for rental income in a convenient Capital Region location. Both units feature a kitchen, living room, full bath, refrigerator, stove and washer/dryer hookups. Separate electric and gas utilities provide an attractive setup for investors, with tenants responsible for cable, electricity and heat. The property also offers forced-air heating, a walk-out basement, public water and sewer, 100-amp electrical service and a level 0.23-acre lot. Expected market rents were discussed at approximately $1,300-$1,600 per month per unit. Current cap-rate projections discussed range from approximately 10.2% at the low-market scenario to 13.4% at the high-market scenario, with an estimated cap rate of 11.8%. Buyers should independently verify rental income, expenses and cap-rate calculations. The property is ideally positioned near downtown Troy and the popular Little Italy neighborhood, offering convenient access to restaurants, shopping, entertainment, employment centers and city amenities. Located within the Troy City School District, residents have access to Troy's public school system. Recreation is nearby, including Frear Park with golf, tennis, fields, playgrounds and seasonal activities, as well as Prospect Park and its outdoor amenities. With two 3-bedroom units, separate utilities and strong rental potential, 1302 5th Avenue offers versatility for investors seeking income-producing real estate or owner-occupants looking to offset housing costs. Light staging can help showcase the vacant rooms, layout and potential of each unit.

1302 5th Avenue, Troy

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