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727 Burden Avenue, 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

893 River Street, 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

486 W Park Place, Troy
$199,999
4 Beds ⋅ 2 Baths ⋅ 202624648 MLS
Completely redone and ready to impress! Welcome to 486 W Park Pl in Troy, where extensive updates and thoughtful improvements have transformed this 4-bedroom home into a property that truly stands out. From the moment you arrive, it's clear that a tremendous amount of work has gone into this home, creating a fresh, updated feel while providing the space and functionality today's buyers are looking for. Step inside to a welcoming interior featuring four spacious bedrooms, offering plenty of room for family, guests, a home office, or flexible living arrangements. The home has been extensively renovated and updated, with improvements throughout designed to provide comfort, style, and peace of mind. The updated living areas offer excellent space for both everyday living and entertaining, while the generous bedroom count provides the flexibility that is so difficult to find. Whether you're searching for a primary residence, an investment opportunity, or a home with room to grow, this property offers tremendous potential. Major work has been completed throughout the property, giving the next owner an opportunity to enjoy the benefits of a substantially improved home without taking on a major renovation project themselves. Located close to downtown Troy, shopping, restaurants, schools, parks, entertainment, and major Capital Region roadways, this home puts everyday conveniences within easy reach while offering a comfortable place to call home. Turnkey feel, extensive renovations, four bedrooms, and a convenient Troy location - 486 W Park Pl is ready for its next chapter. Schedule your showing today!

486 W Park Place, Troy

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©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 last updated

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