Rensselaer County, NY Multi-Family Homes for Sale

Rensselaer County, NY, offers a diverse selection of multi-family homes for sale, making it an attractive market for both investors and families seeking additional rental income. The region boasts a range of properties, from charming, historic buildings to modern constructions, catering to varying tastes and budgets. Located just a stone's throw from the vibrant cities of Troy and Albany, these multi-family homes provide convenient access to local amenities, public transportation, and recreational areas. Furthermore, the area's robust rental market is fueled by nearby colleges, universities, and burgeoning employment opportunities, making it a strategic investment for those looking to capitalize on the growing demand for rental housing. Whether you are interested in a fixer-upper or a turnkey property, Rensselaer County's multi-family listings offer a promising opportunity to build wealth through real estate.

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Newest Rensselaer County, NY Multi-Family Homes for Sale

$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

$689,900

8 Beds ⋅ 6 Baths ⋅ 202628909 MLS

INVESTOR OPPORTUNITY - PACKAGE SALE PREFERRED! Two separate multi-unit investment properties available for acquisition. 729 & 731 Columbia Turnpike. This 5 UNIT is fully rented. Rents are under market value. Separate utilities. Car port with this unit. Units are in VERY GOOD CONDITION. The seller strongly prefers to sell both properties together, presenting an opportunity to expand an investment portfolio with multiple income-producing units. Individual sales may be considered. A compelling opportunity for investors seeking to increase their rental holdings.

731 Columbia Turnpike, East Greenbush

$299,900

7 Beds ⋅ 2 Baths ⋅ 202628908 MLS

INVESTOR OPPORTUNITY - PACKAGE SALE PREFERRED! Two separate multi-unit investment properties available for acquisition. 729 & 731 Columbia Turnpike, East Greenbush. This up & down TWO FAMILY is fully rented--long term tenants. Rents are under market value. Units are in VERY GOOD CONDITION. Garages (4)units provide another source income. The seller strongly prefers to sell both properties together, presenting an opportunity to expand an investment portfolio with multiple income-producing units. Individual sales may be considered. A compelling opportunity for investors seeking to increase their rental holdings.

729 Columbia Turnpike, East Greenbush

$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

$339,000

6 Beds ⋅ 2 Baths ⋅ 202628419 MLS

Great opportunity in Rensselaer! Located on a quiet dead-end street, 45 2nd Ave offers a spacious property with plenty of potential. The first floor has been updated, while the second floor is occupied by a tenant, offering an opportunity for rental income. Outside, enjoy a huge yard with plenty of room to relax, entertain, or make the space your own, plus a 2 car garage for added convenience and storage. Whether you're looking to owner-occupy while collecting rent or add to your investment portfolio, this property is worth a look!

45 2nd Avenue, Rensselaer

$975,000

9 Beds ⋅ 6 Baths ⋅ 202628365 MLS

EXCEEDINGLY UNIQUE OPPORTUNITY! This beautifully updated 3,800-square-foot residence offers an exceptional combination of style, space, flexibility, and income potential--plus two stunning 2-bedroom rental apartments and an impressive 1,600-square-foot heated garage / warehouse / hobby space. The main residence has been tastefully renovated with fresh neutral tones, gleaming hardwood and ceramic floors throughout--no carpeting! The gourmet kitchen features high-end built-in Monogram appliances and honed stone counters, while all bathrooms showcase luxurious, top-of-the-line finishes. Beyond the formal living room is a huge family/dining gathering space featuring modern tile flooring, tongue-and-groove walls, a fireplace, and an abundance of windows that fill the room with natural light. The first-floor primary suite includes a spacious bedroom, den/study/exercise area, luxurious bath, and walk-in closet. The second floor offers three additional bedrooms plus a large vaulted bonus space with endless possibilities--create an additional apartment, oversized home office, recreation room, or another impressive primary suite. A dry basement provides excellent storage, while the attached 2-car garage includes substantial additional workshop/storage space--nearly the size of a four-car garage. Enjoy summer days relaxing on the covered front porch, or head to the rear deck overlooking the beautifully landscaped yard and in-ground pool. And then there is the HUGE 50' x 32' heated multi-car garage, complete with two 12' x 14' overhead doors and a half bath. Above the garage are two 2-bedroom apartments (approx 800-square-foot each), these units with their own private driveway and parking. Both the main residence and detached garage/apartment have new roofs within the past two years. Whether you're looking to escape the city, accommodate extended family, generate rental income, or pursue a business venture - whatever your need, this property will not disappoint!

23 Flower Road, Brunswick

$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

$225,000

4 Beds ⋅ 4 Baths ⋅ 202628073 MLS

Uncover endless possibilities with this duplex fixer-upper nestled in a prime NY location. Situated on a spacious .98 acre lot, this property boasts a full water filtration system (Multi-Layered) ultra violet light, inspected yearly by Rensselaer County. Adorned in vinyl siding, there are three enclosed porches adding a touch of charm and extra space. The interiors feature tile and carpeted floors and offers multiple rooms across both sides of the duplex. A spacious three-car garage and workshop await outdoors. Break into New York's rental market; live on one side while renting the other, or invest in revamping both. Located by a convenient Stewarts store and at the sportsman-lovers junction of route 67 east and route 22 South, this home is a three-minute drive from charming Hoosick Falls NY. Nearby are coffee shops, a French Bistro, pizza restaurant, and postcard-worthy walking trails. A wonderful fixer-upper oozing with potential. Sold as is. An opportunity not to be missed! Contact the listing agent for showings today.

22182 NY-22, Hoosick Falls

$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

$145,900

5 Beds ⋅ 2 Baths ⋅ 202627778 MLS

Great investment opportunity with tons of potential! This two-family property offers approximately 2,030 square feet, featuring a two-bedroom unit on the first floor and a three-bedroom unit upstairs. Both units are vacant and ready for updates, offering a blank slate for new tenants or owner occupancy. With the right improvements, this property offers excellent potential to add value and maximize rental income. Conveniently located in Rensselaer, overlooking downtown Albany, with easy access to major roadways, shopping, dining, and everyday amenities. Bring your vision and make this property your own!

1226 2nd Street, Rensselaer

$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

$299,000

4 Beds ⋅ 2 Baths ⋅ 202627670 MLS

Welcome to this beautifully updated two-family home, offering spacious bedrooms, a fenced-in backyard, a detached garage, and convenient in-unit washer and dryer hookups in both units. Ideally located close to shopping, public transportation, restaurants, and everyday amenities, this property offers both comfort and convenience. Whether you're looking for an owner-occupied home with rental income to help offset your mortgage or a solid investment property with positive cash flow potential, this versatile two-unit is an excellent opportunity.

1572 3rd Street, Rensselaer

$335,000

5 Beds ⋅ 2 Baths ⋅ 202627512 MLS

Classic solidly built farmhouse with tasteful updates merging the charm of days gone by with modern conveniences. Legal 2 family is ideal for extended family living, rental income, or owner-occupant with passive income potential. Large 1 acre lot for outdoor enjoyment with perennial gardens, greenhouse, solar panels and wood stove for sustainable homesteading. Detached garage is currently being used as artist studio and has many versatile uses. Bamboo floors in Living room, fresh paint makes this beautiful home ready for you to call it yours. New furnaces for both units just installed.

9287 New York 66, Sand Lake

$289,900

4 Beds ⋅ 3 Baths ⋅ 202627447 MLS

Solid brick three-family home offers updated units, strong rental potential, and flexible options for both owner-occupants and investors. One unit is currently leased, and the former owner-occupied unit is now vacant and ready for immediate occupancy. Ideal for owner-occupancy with rental income to offset your mortgage Off-street parking for tenants 3 Garage Bays for Additional rental income.

828 2nd Street, Rensselaer

$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

$279,900

6 Beds ⋅ 3 Baths ⋅ 202627365 MLS

Whether you're looking to grow your investment portfolio or make a smart move into homeownership, this spacious Rensselaer triplex offers flexibility and income potential with projected annual gross rents of $27,600. Investors can take advantage of 3 generously sized apartments each with their own storage room and individually metered utilities. And owner-occupants have an especially appealing option with a 2nd-floor apartment that is available for immediate occupancy so you can just move in and let the cash flowing rental income offset your mortgage and monthly expenses while you build equity in a property of your own. Location adds even more appeal: downtown Albany is just a quick 10-minute commute, shopping and dining in North Greenbush are approximately 8 minutes away, and the Rensselaer Amtrak station--with service to NYC and beyond--is only about 5 minutes from your door. Don't miss this affordable opportunity to live, invest, or do both! 24 hour notice for showings and schedule is limited. Ask for available times.

1216 1st Street, Rensselaer

$265,000

4 Beds ⋅ 2 Baths ⋅ 202627281 MLS

Extensively renovated and restored since its purchase in 2019, this unique Rensselaer duplex offers two well-maintained apartments while retaining original character, including beautifully refinished hardwood floors. The first floor is currently configured as a 2BR/1BA with a dedicated laundry room, while the second floor is configured as a 1BR/1BA with its own dedicated laundry in the basement. Both units include private, lockable basement storage. Additional features include a large covered front porch, large backyard, and ample off-street parking. Set back from Washington Avenue along a private drive near Hampton Manor, the property offers a distinctive residential setting with a neighborhood feel. Public records reflect 4BR/2BA. The current 3-bedroom apartment configuration reflects ownership's chosen use of the property rather than the full configuration reflected in public records. The basement contains two pre-existing rooms currently utilized as dedicated tenant storage, as well as additional unfinished space with a previously functional water supply line. The basement also has supplemental heat with multiple thermostats/zones and a dedicated house meter. These existing features may provide flexibility for a future owner to evaluate alternative configurations and uses. Current rents have been intentionally maintained below market in recognition of exceptional long-term tenants. Priced accordingly, this is a strong opportunity for an investor seeking an improved property with existing tenancy and significant room for income growth. Seller is a licensed New York State real estate broker.

1015 Washington Avenue, Rensselaer

$225,000

3 Beds ⋅ 2 Baths ⋅ 202627280 MLS

Affordable, consistently rented duplex offering a 2BR/1BA first-floor apartment and 1BR/1BA second-floor apartment. The first-floor apartment features a mix of updated vinyl and classic wood flooring, along with large windows providing great natural light. The second-floor apartment offers one bedroom plus a versatile bonus room and enclosed back porch, and has been home to an exceptional long-term tenant. The full basement offers both interior and exterior access for easy maintenance and storage, with dedicated washer/dryer hookups for each apartment. Outside, the property offers a great backyard with plenty of usable outdoor space and ample on-street parking. Price reflects current below-market rents maintained for long-term tenants. Seller is a licensed New York State real estate broker. Can be packaged with 1015 Washington Ave Rensselaer.

1809 4th Street, Rensselaer

$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

$890,000

7 Beds ⋅ 7 Baths ⋅ 202627245 MLS

Huge investment portfolio for sale w/ Hudson River views! 4 addresses, 7 Forbes (duplex) 9-11 Forbes (4 unit) 3 Central (single family) Rensselaer NY 12144. Total of 7 units fully occupied 100k+ annual rent. All units are 1 bed/1 bath w/ separate utilities, washer/dryer hookups, a private fenced, park-like backyard & 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, Rensselaer

$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

$999,900

16 Beds ⋅ 9 Baths ⋅ 202627171 MLS

INVESTOR ALERT! This fantastic property is a great money maker, with a 9+ Cap Rate! Eight fully rented units in four buildings on a one-acre village lot with approximately 122,500 thousand in annual gross income. Village-approved plans and permits are already in place to convert the garage into two two-bedroom apartments along with County-approved septic plans. Additional septic plans allow for the possible conversion of the unfinished basement into another 2-bedroom apartment pending town approval. Recent improvements include new siding on all buildings, new or recoated roofs, and four new electric services. 6 of the 8 units have been renovated; kitchens, baths, appliances, lighting, water heaters, vinyl plank flooring, and freshly painted. The property includes two up-and-down duplexes and two side-by-side duplexes. The lot extends from Chatham Street to Johns Street, with the Rail Trail near the rear entrance and village shops and restaurants close by. Buyers should verify income, expenses, approvals, and expansion potential. 10 minutes to East Greenbush. 20 minutes to Rensselaer and downtown Albany.

14 Chatham Street, Nassau

$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! 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

$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

$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

$125,000

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

$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

$188,000

6 Beds ⋅ 2 Baths ⋅ 202625401 MLS

Here's a chance to own a piece of Troy history! Built in 1885, this all-brick home has kept its classic charm and strong bones. This 2-family home is great for owner occupant and investor friendly Close to bus stops and 10 minutes from Downtown Troy! Full front and backyard and off-street park is a major plus! First floor has a long-term tenant, while the 2nd floor offers a new furnace and hardwood floors throughout!

893 River Street, 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

$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

2 Beds ⋅ 2 Baths ⋅ 202624818 MLS

This fantastic completely renovated brick two-family home offers convenience, comfort, and investment potential. Looking for that vacant 2 family investment that is all new inside? This is IT and YOU can choose your own tenants! The first-floor unit features a spacious one-bedroom layout with washer & dryer hookups, while the second floor boasts one bedrooms + office/den/nursery + also has laundry area w/ brand new stackable washer & dryer Perfect for multi-generational living or rental income. Completely remodeled: new flooring, lighting, interior freshly painted, all new windows and doors & much more. Recent Updates Include: Modern kitchens and baths, stylish flooring throughout. Off-street parking for two vehicles. Whether you're looking to live in one unit and rent the other, or expand with a third unit, this property offers flexibility and location in one smart package. Estimated $1,250-$1,350 per flat for rents. Separate utilities.

8 Harrison Avenue, Rensselaer

$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

$399,900

7 Beds ⋅ 3 Baths ⋅ 202624664 MLS

Investment Opportunity in Troy! Welcome to 105 Second Avenue, a well-maintained three-unit property offering strong income potential in a convenient Troy location. This property was freshly rehabbed a few years ago, providing investors with an excellent opportunity to own a turnkey-style income property without taking on a major renovation project. Featuring river views, the property offers an appealing combination of location, condition, and income-producing potential. Situated within the City of Troy and directly along an active bus line, tenants can enjoy convenient access to transportation, shopping, dining, employment centers, and the many amenities Troy has to offer. Whether you're an experienced investor looking to expand your portfolio or a buyer seeking an owner-occupied investment, this three-unit property provides flexibility and opportunity. Live in one unit while generating rental income from the others, or position the entire property as a strong income-producing asset. Priced at $399,000, this is an opportunity to add a recently rehabbed, multi-unit property with river views and excellent accessibility to your portfolio. Don't miss your chance to take advantage of this Troy investment opportunity!

105 2nd Avenue, Troy

$245,900

7 Beds ⋅ 2 Baths ⋅ 202624370 MLS

Turnkey renovated two-family with separate utilities — a clean investor buy in Lansingburgh. 3BR down, 4BR up with enclosed front porch. Both units fully updated: new roof, renovated kitchens and baths, new flooring, in-unit W/D hookups. All-new electric baseboard heat — no boiler or furnace to maintain. Heat and electric are tenant-paid. Over $75,000 in capital improvements since 2022. Fully leased at $3,100/mo — income in place from day one. Downstairs 3BR through 7/31/2027, upstairs 4BR through 3/31/2027. Taxes approx. $3,800/yr. Minutes to RPI, HVCC, and major commuter routes. Listing broker holds an ownership interest in the subject property.

75 5th Avenue, Troy

$150,000

4 Beds ⋅ 2 Baths ⋅ 202624171 MLS

Investment Opportunity in Troy! Bring your vision and unlock the potential of 708 3rd Ave. This property offers an excellent opportunity for an investor, contractor, or buyer looking to add value. Foundation work has been recommended, and the list price has been adjusted to reflect the anticipated repairs and improvements needed. This property presents an opportunity to build equity and maximize potential.

708 3rd Avenue, Troy

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