Rensselaer County, NY Real Estate | Rensselaer County, NY Multi-Family Homes for Sale

9 Beds ⋅ 3 Baths ⋅ 202622570 MLS

Excellent investment opportunity in Troy, NY! This fully occupied three-unit property is part of a larger investment portfolio featuring multiple properties conveniently located in close proximity to one another. Investors will appreciate the strong cash flow potential and low property taxes. Purchase the entire portfolio for $1,350,000, or individual parcels may be purchased separately to fit your investment goals. All properties are being sold as-is. The following properties can be sold as a package: 161 5th Avenue, Troy, NY 12180, 19 Defreest Avenue, Troy, NY 12180, 3357 6th Avenue, Troy, NY 12180, 3365 6th Avenue, Troy, NY 12180, 375 8th Street, Troy, NY 12180

375 8th Street

$260,000

7 Beds ⋅ 2 Baths ⋅ 202622568 MLS

Excellent investment opportunity in Troy, NY! This fully occupied two-unit property is part of a larger investment portfolio featuring multiple properties conveniently located in close proximity to one another. Investors will appreciate the strong cash flow potential and low property taxes. Purchase the entire portfolio for $1,350,000, or individual parcels may be purchased separately to fit your investment goals. All properties are being sold as-is. The following properties can be sold as a package: 161 5th Avenue, Troy, NY 12180, 19 Defreest Avenue, Troy, NY 12180, 3357 6th Avenue, Troy, NY 12180, 3365 6th Avenue, Troy, NY 12180, 375 8th Street, Troy, NY 12180

3365 6th Avenue

$260,000

6 Beds ⋅ 2 Baths ⋅ 202622566 MLS

Excellent investment opportunity in Troy, NY! This fully occupied two-unit property is part of a larger investment portfolio featuring multiple properties conveniently located in close proximity to one another. Investors will appreciate the strong cash flow potential and low property taxes. Purchase the entire portfolio for $1,350,000, or individual parcels may be purchased separately to fit your investment goals. All properties are being sold as-is. The following properties can be sold as a package: 161 5th Avenue, Troy, NY 12180, 19 Defreest Avenue, Troy, NY 12180, 3357 6th Avenue, Troy, NY 12180, 3365 6th Avenue, Troy, NY 12180, 375 8th Street, Troy, NY 12180

3357 6th Avenue

$210,000

3 Beds ⋅ 2 Baths ⋅ 202622562 MLS

Excellent investment opportunity in Troy, NY! This fully occupied two-unit property is part of a larger investment portfolio featuring multiple properties conveniently located in close proximity to one another. Investors will appreciate the strong cash flow potential and low property taxes. Purchase the entire portfolio for $1,350,000, or individual parcels may be purchased separately to fit your investment goals. All properties are being sold as-is. The following properties can be sold as a package: 161 5th Avenue, Troy, NY 12180, 19 Defreest Avenue, Troy, NY 12180, 3357 6th Avenue, Troy, NY 12180, 3365 6th Avenue, Troy, NY 12180, 375 8th Street, Troy, NY 12180

19 Defreest Avenue

$260,000

7 Beds ⋅ 2 Baths ⋅ 202622561 MLS

Excellent investment opportunity in Troy, NY! This fully occupied two-unit property is part of a larger investment portfolio featuring multiple properties conveniently located in close proximity to one another. Investors will appreciate the strong cash flow potential and low property taxes. Purchase the entire portfolio for $1,350,000, or individual parcels may be purchased separately to fit your investment goals. All properties are being sold as-is. The following properties can be sold as a package: 161 5th Avenue, Troy, NY 12180, 19 Defreest Avenue, Troy, NY 12180, 3357 6th Avenue, Troy, NY 12180, 3365 6th Avenue, Troy, NY 12180, 375 8th Street, Troy, NY 12180

161 5th Avenue

$275,000

5 Beds ⋅ 3 Baths ⋅ 202622513 MLS

This is a very well-maintained, legal three-unit residence. 3 enclosed front porches. Covered back patio and fenced yard. Spacious rooms with large closets and plenty of storage space. Separate heating and electric utilities. Hot water tanks and boilers are installed approximately 2014. There are two laundry rooms. Almost a full acre of manicured lawn. So many possibilities and did I mention the 3-car garage with upstairs storage?

10 Jackson Street

$318,900

4 Beds ⋅ 2 Baths ⋅ 202622328 MLS

Ideal owner-occupied two-family home or investment on a dead-end street in the highly desirable East Greenbush School District. This well-maintained property features hardwood floors, updated bathrooms, an updated furnace and hot water heater and windows, a two-car garage, and a full basement with a partially finished space offering additional flexibility. Enjoy a spacious, level back yard that's perfect for summer entertaining, gardening, or play. Conveniently located just minutes from Regeneron, the Empire State Trail, shopping, I-787, and I-90, this property offers an excellent combination of comfortable living, rental income potential, and an ideal commuter location.

16 Pennsylvania Avenue

$495,000

4 Beds ⋅ 3 Baths ⋅ 202622083 MLS

Unique opportunity for investors, owner-occupants, or those seeking a multi-generational family compound. This exceptional property features two separate homes on one beautifully maintained one-acre parcel. Both residences have been thoughtfully and extensively updated with quality finishes throughout, including renovated kitchens with granite countertops, updated baths, new flooring, and attractive, modern interiors. Immaculately maintained and truly move-in ready, each home offers the flexibility to occupy, rent, or accommodate extended family. One home is currently leased through September 30, 2026, providing immediate rental income. Set in a peaceful, private location with seasonal views of Glass Lake and within walking distance of public lake access. Popular restaurants, coffee shops, specialty stores, and local entertainment are just minutes away. Close proximity to MA and VT for fine dining, museum, galleries, antique shops, and summer concerts at Tanglewood,and snow skiing at Jiminy Peak. This property is equally well suited as a full-time residence or weekend retreat. The highly desirable location is perfect for homeowners and tenants alike. Broker is related to sellers.

17-19 Teal Road

$919,000

11 Beds ⋅ 8 Baths ⋅ 202622052 MLS

A rare opportunity to own a truly one-of-a-kind multifamily investment! Originally built as a school, 9 High Street has been thoughtfully converted into eight oversized New York City loft-style apartments, each offering approximately 1,700 square feet of living space--far larger than the typical rental unit. With monthly rents totaling $9,100 & separate utilities - the spacious layouts, high ceilings, and unique architectural character create an exceptional living experience that sets this property apart from the competition. Whether you're looking to expand your investment portfolio or acquire a standout income-producing asset, this property offers a compelling combination of historic charm and modern functionality. Located in the heart of Hoosick Falls with convenient access to local amenities and major commuter routes, opportunities to own an apartment building of this size and character are few and far between. Don't miss your chance to own this landmark property with tremendous income and long-term appreciation potential.

9 High Street

$375,000

7 Beds ⋅ 3 Baths ⋅ 202621886 MLS

Rare opportunity to own a cash-flowing triplex in the heart of West Sand Lake. Consisting of two 2 bedroom apartments and one 3 bedroom apartment, dedicated laundry room, back deck and fenced in yard. Property has ample parking with driveways on both sides of building plus a heated two car garage with half bathroom. Upgrades include a new flat roof in 2021, new gutters last year, newer water heaters, and a full renovation of the back apartment less than two years ago. Centrally located for easy commuting and close to all amenities, this would be a great addition to your rental portfolio or ability to owner occupy.

3619 New York 43

$149,000

4 Beds ⋅ 2 Baths ⋅ 202621743 MLS

Welcome to an unparalleled investment opportunity nestled in the charming community of Averill Park! This side-by-side duplex offers not just a home, but potential with extraordinary promise. Each unit features 2 spacious bedrooms and 1 bathroom. The property will require an extensive rehab. A convenient parking pad rests on the right side of the property, enhancing accessibility and ease for occupants or guests. Please note that this unique offering is a cash-only transaction being sold ''as-is''. Whether you're looking to craft a permanent residence or boost your real estate portfolio with promising income potential, this versatile duplex stands ready for its next chapter. Seize this as-is gem today before it vanishes from the market! Property will need to be cleaned out.

1614 Burden Lake Road

$750,000

6 Beds ⋅ 7 Baths ⋅ 202621681 MLS

Beautiful brick 7 unit in the coveted location of downtown Troy with excellent walkability to all local amenities and just steps away from Washington Park. This historic building was thoughtfully converted into apartments while leaving the original characteristics intact including original woodwork and hardwood floors throughout. Property has been well cared for with each apartment updated over time. Generous layouts, lots of natural light and large shared yard in back plus a garage accessible from Church St. Fully rented for immediate income with strong demand for future growth potential.

194 3rd Street

$750,000

8 Beds ⋅ 7 Baths ⋅ 202621682 MLS

Amazing opportunity to own a cash flowing 7 unit in a great neighborhood across the street from Beman Park. Situated on a double lot with opportunity to develop in the future. Most apartments have been renovated in the past several years in addition to a new roof. Convenient location near RPI, downtown Troy, parks, restaurants, shopping, and major highways. A solid addition to any investment portfolio with immediate income potential.

2209 16th Street

$50,000

4 Beds ⋅ 2 Baths ⋅ 202621654 MLS

CASH OFFERS ONLY. Full gut/rehab in Troy. Nice lot. Quiet street. Current allowable use is for a 2 family. Bring a flashlight.

393 4th Avenue

$300,000

6 Beds ⋅ 7 Baths ⋅ 202621651 MLS

CASH OFFERS ONLY. 6 Unit plus storefront. Full gut/rehab. Bring a hammer and a vision for a terrific equity opportunity. Bring a flashlight.

616 Second Avenue

$4,250,000

202621635 MLS

Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.

2920 5th Avenue

$200,000

8 Beds ⋅ 2 Baths ⋅ 202621550 MLS

Opportunity awaits at 761 2nd Ave in Troy! This spacious two-family property offers two large units, each featuring 4 bedrooms, making it an excellent opportunity for investors, contractors, or buyers looking to create value through renovations. In need of significant updates, this property is being sold as-is and provides a true blank slate to bring your vision to life. Whether you're planning a full rehabilitation for rental income, resale, or a long-term investment, the possibilities are substantial. Cash financing is strongly preferred due to the property's current condition. Conveniently located near downtown Troy, shopping, restaurants, schools, parks, and major highways, this is your chance to transform a property with tremendous upside into a standout investment.

761 2nd Avenue

$395,000

5 Beds ⋅ 3 Baths ⋅ 202621543 MLS

Welcome to 2215 5th Avenue, a thoughtfully updated side-by-side two-family home offering the perfect blend of owner-occupancy flexibility and investment potential. Renovated in 2020, this unique property provides enhanced privacy with no neighbors living above or below. The spacious primary residence lives like a single-family home, featuring 4 bedrooms, 2 full bathrooms, soaring ceilings, multiple living and lounge areas, and an in-unit washer and dryer. A first-floor bedroom and full bath make it ideal for multigenerational living, guests, or anyone seeking the convenience of first-floor living. The flexible layout also provides space for a home office or future rental opportunities. The adjoining 1-bedroom, 1-bathroom unit is tenant-occupied, offering immediate rental income to help offset ownership expenses. Whether you're an investor looking to expand your portfolio or an owner-occupant seeking additional income, this property offers exceptional versatility. The side-by-side design creates a level of privacy rarely found in traditional multi-family homes. Modern updates, expansive bedrooms, and owned solar panels add long-term value while helping reduce utility costs. Located just blocks from Troy's exciting new developments and revitalization projects, you'll also enjoy walking distance to downtown Troy's award-winning restaurants, cafés, boutique shopping, entertainment, the renowned Troy Waterfront Farmers Market, and year-round events. With one unit already generating income and the larger residence offering multiple living options, this property is well-positioned for potential strong rental demand and long-term appreciation. A rare opportunity to own a move-in-ready multi-family in one of Troy's most walkable and rapidly growing neighborhoods.

2215-2217 5th Avenue

$325,000

6 Beds ⋅ 3 Baths ⋅ 202621433 MLS

Excellent investment opportunity in Rensselaer! This 3-unit property offers strong cash flow with all units occupied on annual leases. Featuring a total of 9 bedrooms and 3 full bathrooms, the property includes a basement apartment rented for $1,000/month and two upper units each generating $1,400/month, for a total gross monthly rental income of $3,800. Tenants pay their own separate utilities, helping keep operating expenses low and maximizing your return.

1453 1st Street

$290,000

3 Beds ⋅ 2 Baths ⋅ 202621343 MLS

Move-in ready two-family home located in the desirable Frear Park neighborhood! Currently being enjoyed as a spacious single-family residence, this versatile property is legally zoned as a two-family home, offering the flexibility to continue using it as a single-family home or convert it back for rental income or multi-generational living. This home combines the best of both worlds ... a duplex for your profilo, or for a growing family / in-law. This well-maintained home features beautiful hardwood floors, custom built-ins, and an updated first-floor kitchen complete with stainless steel appliances that has bluetooth capability. Both the first-and second-floor formal dining rooms showcase a striking exposed brick chimney, adding warmth and character. Laundry room with 2 closets can double as an office or convert back to a bedroom. Outside, enjoy a fully vinyl-fenced side and backyard--perfect for relaxing, entertaining, or outdoor activities. A spacious detached two-car garage provides ample parking and storage. Situated on a quiet dead-end street, this charming home has been lovingly cared for and is ready for its next owners. The first floor is handicap accessible, adding convenience and versatility. Whether you're searching for a spacious home with room to grow or an investment property with income potential, this unique home offers the best of both worlds.

18 Summit Avenue

$115,000

4 Beds ⋅ 2 Baths ⋅ 202621260 MLS

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.

490 4th Street

$309,000

6 Beds ⋅ 2 Baths ⋅ 202621170 MLS

Why rent when you can build equity? This well-maintained two-family home is an excellent opportunity for an owner-occupant. Live in one unit while the second apartment generates rental income to help offset your monthly mortgage.

27 Excelsior Avenue

$399,000

9 Beds ⋅ 4 Baths ⋅ 202620680 MLS

Most investors will walk right past this one. Smart money won't. 4 residential units over two storefronts in Troy's newly designated historic district -- and they need real work, which is exactly where the money is. This isn't turnkey. It's a blank canvas for someone who builds equity instead of paying for it. Already throwing off $3,600/month, with both storefronts untapped. Renovate the units, stabilize the commercial space, and the back-end tells a whole different story. Historic district means character, demand, and upside baked in. The kicker: the seller wants to deal. Cash, owner financing, conventional -- all on the table. Seller-held paper on a value-add like this? Rare. Done buying other people's equity? Let's create yours.

601-603 2nd Avenue

$349,500

7 Beds ⋅ 3 Baths ⋅ 202620676 MLS

Has always been and RPI rental and well maintained. Furnished and ready for next semester. 1St floor students arriving on July 1st and paying $750. each in the 2-bedroom apt. Apt 2 is a bi level apt with 5 bedrooms and was rented up till the end of the school year at $600.00 each bedroom. Bring in $4500 a month with little effort. Driveway will hold up to 4 cars and plenty of street parking. Beautiful hardwood floors upgraded heating system. newer windows, laundry in each apt. After July 1st 24-hour notice r

13 13th Street

$350,000

5 Beds ⋅ 3 Baths ⋅ 202620645 MLS

Grafton Stone House is not a typical two-family - it's a property built for possibility! This income producing Airbnb and legal two-family residence set on 1 acre offers flexible living arrangements and zoning potential ideal for owner-occupants, entrepreneurs, makers, or investors seeking built-in adaptability. Live in one unit while generating income from the other to reduce mortgage exposure, create a dedicated studio or workspace, or design a multi-generational layout that evolves with your needs. Run your business from home without paying commercial rent. Separate living spaces provide versatility and strong potential for long & mid-term rentals, a serene retreat, or creative residency with rental income while maintaining your own private residence. A rare opportunity to own a spacious property designed for both lifestyle and leverage. Set in the quiet landscape of Grafton yet within reach of all the Capital Region has to offer, this property combines privacy with practicality. Multiple entrances and configurable layouts create a rare opportunity for those seeking both independence and financial freedom. This is more than a home - it's a basecamp for building what's next.

2003 NY Highway 2

$329,999

6 Beds ⋅ 4 Baths ⋅ 202620345 MLS

Excellent mixed-use investment opportunity in Troy! This property features a street-level commercial storefront plus 3 residential apartments, generating immediate income from day one. FULLY occupied! Total rental income is $56,100/year (full expense sheet available under docs). Store front is a nice open space, high ceilings, mini split, half bath, it's current as a barbershop. Uni1 1R (1st floor) has 2 BEDS,1 FULL BATH, Open concept, Combined LR/DR. Unit 2R (2nd floor rear) has 2BEDS, 1 FULL BATH, Office space, Living Room. Unit 2F (2nd floor front) has 2BEDS, 1 FULL BATH, LR. Small backyard. All 3 apartments and store have been renovated, new siding, windows, roof, 2 new boilers and brand new split (store). Separate utilities.Convenient Troy location close to schools, shopping, transportation and major highways. A true turnkey addition to your portfolio

3367 6th Avenue

$364,900

8 Beds ⋅ 4 Baths ⋅ 202620327 MLS

This well-maintained building features updated electrical, PEX plumbing, tankless water heaters, high-efficiency gas forced-air heating systems, updated flooring, fixtures, appliances, insulation, sheetrock, and trim throughout. The second-floor unit offers attractive skylights, while tenants enjoy access to a shared laundry room with coin-operated washers and dryers. Additional features include a sump pump, fully fenced backyard, deck, and storage shed. Professionally maintained with all required permits and fire safety systems in place. Conveniently located near shopping, dining, public transportation, and major roadways. A turnkey investment with immediate rental income, strong occupancy history, and long-term upside. Excellent Condition.

421 4th Street

$339,900

9 Beds ⋅ 3 Baths ⋅ 202620188 MLS

Recently updated 3 unit featuring new luxury vinyl plank flooring and fresh paint throughout. Conveniently located in the heart of little Italy's Troy district with easy access to public transportation, major highways, shopping, restaurants, and local amenities. Washer and Dryer hook-ups are available, making this ideal for an owner-occupant or savvy investor seeking strong rental income potential. Don't miss out on this turn key triplex! Can be packaged with 516 4th street for an even greater investment opportunity..

283 4th Street

$339,900

6 Beds ⋅ 3 Baths ⋅ 202620187 MLS

Updated triplex, freshly painted, hardwood floors, new appliances; offering spacious units. Vacant and easy to show, providing an excellent opportunity for both investors and owner-occupants. Located in the heart of Troy just minutes from Hudson Valley Community College, RPI, Sage College public transportation, popular restaurants, shopping and everything downtown Troy has to offer! Strong rental potential or owner occupied. Can be purchased individually or packaged with triplex 283 4th for a start (or) addition to your investment portfolio

516 4th Street

$345,000

6 Beds ⋅ 4 Baths ⋅ 202620048 MLS

Endless Potential! This spacious three-family brick home offers generous, open-layout apartments with plenty of room for comfortable living. The first-floor unit features two full bathrooms, adding extra convenience and appeal. Outside, you'll find a fenced yard and an oversized one-car garage, providing ample storage and parking. Connected to public water and sewer, this property presents an excellent opportunity for investors or owner-occupants alike. Don't miss the chance to unlock the full potential of this versatile multi-family property!

233 2nd Street

$329,000

4 Beds ⋅ 3 Baths ⋅ 202619739 MLS

Strong-income three-unit multi-family in a prime Troy location -- ideal for investors or owner-occupants looking to build equity while generating cash flow. The unit mix offers a healthy blend: two one-bedroom units and a spacious two-bedroom, four bedrooms and three full baths in total. Previous gross when fully rented was $2,915/month, with a move-in-ready unit available to tour on demand and in-place rents that leave clear room to grow. Ample off-street parking sits at the rear of the property, complemented by a large covered front porch, a low-maintenance yard, and a private entrance for the rear unit -- features that keep quality tenants in place. The property has a proven track record of long-term tenancy and low vacancy. Minutes from downtown Troy, shopping, dining, public transportation, and major commuter routes, with additional off-street parking possible in the area of a previously removed garage. A rare chance to step into a stable, performing asset with real upside. Financials attached to listing.

128 6th Avenue

$325,000

7 Beds ⋅ 3 Baths ⋅ 202619654 MLS

Turnkey mixed-use (MU1 zoning) investment opportunity in Troy! This versatile three-unit property features two residential apartments and a third unit that can be used for commercial space, an office, studio, etc. All units have been extensively updated with renovated kitchens and bathrooms, new LVP flooring, new doors, and fresh paint throughout. The exterior has also been freshly painted, offering excellent curb appeal and reduced maintenance concerns. Ideal for investors or owner-occupants seeking flexibility and income potential. The one bedroom unit is rented for $1,000 per month and the other two units are vacant. Please note, due to the seller's current financing commitments, closing cannot occur until November 2026.

1 Lincoln Avenue

$329,900

4 Beds ⋅ 2 Baths ⋅ 202618674 MLS

Charming and well-maintained two-family home located on Troy's desirable East Side! This move-in ready property presents an excellent opportunity for both owner-occupants looking to offset their mortgage with rental income and investors seeking a strong addition to their portfolio. Currently generating just under $3,000 per month in rental income, with the potential to increase cash flow even further. Each spacious unit features two bedrooms, one full bathroom, updated kitchens and bathrooms, and unique two-story living layouts. The first unit also offers a welcoming foyer, formal dining room, and comfortable living room. Additional highlights include separate utilities, shared laundry, and off-street parking. Recent improvements provide added peace of mind, including a new main gas line (2026), roof and water heaters (2024), updated electrical system and panel (2024), electronic security key system (2025), and a new deck (2024). Conveniently located just minutes from I-787, Hudson Valley Community College, shopping, restaurants, and downtown Troy, this turnkey property combines character, convenience, and strong income potential. Don't miss your chance to own this fantastic two-family home!

190 Spring Avenue

$409,900

8 Beds ⋅ 2 Baths ⋅ 202618539 MLS

Amazing opportunity to add a fully rebuilt two-family to your portfolio with very close proximity to RPI. This property was recently renovated from the ground up with high-end finishes. Each unit is complete with 4 bedrooms, a full bathroom, modern kitchen, comfortable living space/bedroom sizes plus in-unit laundry. Large paved parking area provides plenty off-street parking. Convenient location close to shops, restaurants, and major routes. Move-in ready and low maintenance!

86 14th Street

$2,700,000

27 Beds ⋅ 24 Baths ⋅ 202618382 MLS

Welcome to Hill Street, a unique commercial investment package, this well-maintained commercial asset is currently used as Veterans community living(but not exclusively for veterans)which provides a rare opportunity to own a high-performing investment in a growing area. The primary property features 22 private rooms, each with its own bathroom, providing privacy and comfort for residents. Shared common areas create a welcoming, community-oriented environment that supports long-term tenancy. Included in the sale is a two-unit residential property located next door - ideal for staff housing, additional rental income, or future redevelopment. Included is a vacant lot directly behind the facility, offering space for potential expansion, additional parking, or new development (buyer to verify zoning). Please note that taxes are a fraction when compared to other real estate holdings of similar value. Additionally ,landlord-tenant laws regarding eviction if, necessary , do not apply to this type of asset Sold as a package with 177 Hill st(updated 2 family) and adjacent 1 acre parcel fronting Ida st.

171 Hill Street

$214,900

5 Beds ⋅ 2 Baths ⋅ 202618220 MLS

Looking to add to your Real Estate portfolio? Prime 2-family home in Rensselaer featuring 5 total bedrooms and endless versatility. Both units offer bright, welcoming living spaces, efficient kitchens, and ample storage -- perfect for investors seeking reliable income or buyers needing room for extended family. Just minutes from Albany and close to schools, shops, and transit, this property delivers comfort, convenience, and strong long-term value.

704 East Street

$249,900

7 Beds ⋅ 3 Baths ⋅ 202618115 MLS

Duplex conveniently located within Troy's thriving downtown neighborhood. Just steps to the Riverfront, RPI, Russell Sage, desirable eateries, galleries, coffee shops, retail, tech, farmer's market, nightlife & so much more. Some original details still adorned throughout. Newer roof, chimney, electrical & some fresh paint. Private backyard. Off-street parking in rear alleyway.

306 4th

$190,000

3 Beds ⋅ 3 Baths ⋅ 202617999 MLS

Up and down duplex in a great Troy location! 1st floor unit features 1 bedroom and 1 full bath. Spacious 2nd floor unit offers 2 bedrooms, 1.5 baths, and a multi level layout. Large units with plenty of space throughout. Conveniently located right on the bus line. Private fenced in backyard. Flood insurance required. Best of all, the existing FHA mortgage is assumable at an incredible 3.25% interest rate. Amazing opportunity for an owner occupant or investor! Schedule your private walkthrough today.

715 2nd Avenue

$265,000

202617785 MLS

Fantastic mixed-use opportunity on a great corner lot along a busy, high visibility street! The property features a spacious commercial storefront, ideal for retail, market or offices. A 2 bedroom very spacious single family in rear with another separate unit offering a generous 1 bedroom layout. This is a perfect opportunity for an owner occupant or investor seeking strong exposure and steady rental income. Can be sold with 847 5th Ave as a bundle.

853 5th Avenue

$375,000

6 Beds ⋅ 2 Baths ⋅ 202617517 MLS

Troy East Side, spacious and full of character, this classic brick two-family with a slate roof offers over 2,900 sq. ft. with the kind of space and layout ideal for multi generational living or long term owner occupancy. Both oversized flats feature hardwood floors throughout, high ceilings, large sun-filled rooms, eat-in kitchens, laundry hookups, and charm of a well-built home. Enjoy covered porches, a huge basement with a small finished play area or flex space, and a large lot offering room to relax or entertain. Conveniently located next to Emma Willard School and within walking distance to shopping, restaurants, places of worship, and neighborhood amenities, with quick highway access and public transportation nearby.

303 Spring Avenue

$89,000

7 Beds ⋅ 3 Baths ⋅ 202617504 MLS

Solid brick three-unit apartment building on a quiet street on over a half acre. The lot is level and offers plenty of room for parking, and has a horseshoe drive at the front. The house is sold as-is and requires a full renovation. Cash or renovation loan.

33 River Road

$489,900

9 Beds ⋅ 3 Baths ⋅ 202616984 MLS

2425 5th Avenue is a strong value-add multifamily opportunity in Troy featuring 3 units with separate utilities and major recent updates. Two of the three units have already been renovated, offering immediate rental appeal and income potential, while the remaining unit provides additional upside for investors looking to increase value and cash flow. Conveniently located directly behind the brand-new Central Rock Gym and just minutes from downtown Troy, restaurants, shopping, and major commuter routes. A great opportunity to own a multifamily property in one of the Capital Region's fastest-growing rental markets.

2425 5th Avenue

$1,210,000

7 Beds ⋅ 7 Baths ⋅ 202616950 MLS

Huge investment portfolio for sale w/ Hudson River views! 4 addresses, 7 Forbes (duplex) 9-11 Forbes (4 unit) 3 Central (single family) 1 Washington (vacant city block) Rensselaer NY 12144. Total of 7 units fully occupied 100k+ annual rent w/ potential to develop or sell land. All units are 1 bed 1 bath w/ separate utilities, washer dryer hookups, private fenced parklike backyard & 5 off street parking spaces. On the charming north side of Rensselaer convenient to the river rail & road systems (500 ft to public boat launch, 1.3 miles to Albany-Rensselaer Amtrak, .8 of a mile to I-90). Advantageous location nearby massive developments & Livingston Ave bridge replacement (w/ pedestrian / bike path). Owner will consider seller financing.

7-11 Forbes Avenue

$340,000

6 Beds ⋅ 3 Baths ⋅ 202616460 MLS

Large brick 3-unit property in Troy featuring spacious layouts and separate utilities. This free-standing building located next to a Hope Park offers an excellent opportunity for investors or owner-occupants looking to build equity in a well maintained property. Each unit includes in-unit laundry for added convenience. Ideally located near downtown Troy, RPI, shopping, and major transportation routes.

151 Jackson Street

$250,000

6 Beds ⋅ 2 Baths ⋅ 202616313 MLS

We are back!!! 516 Pawling Ave is a well-positioned two-family home in Eastside Troy offering flexible living and income opportunities. The property features 6 bedrooms and 2 full baths across more than 3,000 sq ft on a 0.10-acre lot. Each unit includes a welcoming front porch and there is a usable backyard for outdoor space. Recent updates include NEW hot water tanks installed in 2025. This home presents a solid value-add opportunity for investors or owner-occupants seeking rental income potential and the ability to customize to taste. Excellent transit access and easy connections to major highways add to the appeal, with convenient proximity to neighborhood amenities. Cosmetic updates will maximize comfort and return. Sold in its current condition; seller will not make repairs. AI-assisted photo editing used to optimize lighting and presentation (no structural changes).

516 Pawling Avenue

$389,900

9 Beds ⋅ 3 Baths ⋅ 202616024 MLS

Property generates cash, building is rock solid! Add to your portfolio; third floor has upside for rent increase. Monthly income $4,100. More pictures to come

415 3rd Street

$375,000

8 Beds ⋅ 3 Baths ⋅ 202615981 MLS

Stop paying rent and start building equity! This spacious 3-family home is the perfect house-hack opportunity. Live in one of the beautifully updated units--featuring cozy touches like a fireplace and bright, open floor plans--while the other two units pay your mortgage. The layout is ideal for flexibility: a private 1-bedroom suite, a generous 3-bedroom flat, and a large 4-bedroom top-floor unit. Enjoy the convenience of off-street parking and being minutes from downtown Troy's vibrant farmers' market and dining. Move-in ready for an owner who wants luxury living with professional-grade rental support.''

677 Pawling Avenue

$274,900

4 Beds ⋅ 2 Baths ⋅ 202615857 MLS

Great RPI Rental neighborhood Jacob & 14th area! This simple to maintain 2 Family has always been rented and has new leases at $1450 month plus tenants pay gas and electric thru June 30, 2027. First & Second floor units are currently 2 bedrooms w/office/study each. Nice entry level 1st time RPI Investor property or nice addition to any current RPI Investor Portfolio!

2204 14th Street

$259,900

8 Beds ⋅ 3 Baths ⋅ 202615655 MLS

Classic brick 3-unit property in a convenient Troy location. Completely vacant and ready for the next owner to get market rents. Features include big newer windows, updated mechanicals, and efficient mini-split systems in Units 2 and 3. A solid choice for both investors seeking reliable cash flow and buyers looking to live in one unit while building wealth. Separate utilities throughout! Schedule your private walkthrough today.

486 4th Street

$334,900

6 Beds ⋅ 2 Baths ⋅ 202615326 MLS

Welcome to this rejuvenated two-family in the heart of the Hoosick St corridor. This property has been totally remodeled with sparkling kitchens with new appliances including a dishwasher and soft close drawers and quartz countertops. Bathrooms have been updated and new flooring added. In unit washer and dryer means you don't have to haul your clothes to the basement or laundromat. Off street parking available in the back along with a small yard. Property is ideal for an owner-occupant or investor with the first floor vacant and ready to move in. AirBnB possibility or long-term rental.

169 Hoosick Street

Rensselaer County, NY Multi-Family Homes for Sale

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Kellie Kieley Realty, LLC

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