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

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

$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

$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 includes a fully renovated two-family residence plus an adjoining vacant lot offering future development, expansion, or long-term land value. Together, the parcels provide stable cash flow, premium finishes, and meaningful upside. The main residence at 7 Brunswick Road features 8 bedrooms and 4 full bathrooms across two modern units. Each unit is upgraded with granite countertops, stainless steel appliances, high-end furnishings, updated flooring, and independent HVAC systems. The property is fully turnkey, optimized for student demand, and consistently leased. With annual gross rental income of $67,290, investors will appreciate the strong income profile, proven occupancy, and continued rent growth potential. The combined double lot offers 8 off-street parking spaces, a major advantage for student tenants. The vacant parcel at 9 Brunswick Road adds long-term value and flexibility--ideal for additional units, outdoor amenities, or future redevelopment. Key Investment Highlights: • Gross Annual Rental Income: $67,290 • 8BR / 4BA | 2,672 SF • Fully renovated, furnished, and student optimized • Two HVAC systems; modern mechanicals • Double lot with 8 parking spaces • Vacant buildable parcel included • Strong occupancy history and premium positioning • 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 prior to scheduling a showing. Showings by appointment only. Qualified buyers and investors encouraged to inquire.

7 Brunswick Road

$999,000

11 Beds ⋅ 4 Baths ⋅ 202625554 MLS

Rare opportunity to own a beautifully maintained, high-quality turnkey student-housing investment in the RPI area. This impressive 11-bedroom, 4-bathroom property offers strong rental income, quality furnishings, modern amenities, and excellent tenant appeal. The property features three HVAC systems, on-demand hot water heaters, high-end furniture, stainless-steel appliances, three beautiful quartz kitchen countertops, ceramic-tiled bathrooms, and well-appointed living areas. The enclosed patio/entertainment room provides a comfortable year-round space for recreation, gatherings, and relaxation. The updated back deck and green backyard offer additional outdoor space for tenants to enjoy. Prospect Park is directly across the street, with a convenient store nearby. Prime location within walking distance of RPI campus and Troy's downtown, providing convenient access to campus, restaurants, shops, entertainment, and downtown amenities. The property has a strong history of being fully leased, reflecting established demand for quality RPI student housing. Highlights: 11 bedrooms; 4 bathrooms; 3 HVAC systems; on-demand hot water heaters; turnkey condition; high-end furniture; stainless-steel appliances; enclosed patio/entertainment room; updated back deck; green backyard; Prospect Park across the street; walking distance to RPI and Troy downtown; strong history of full occupancy; approx. $92K gross annual rental income. Proof of income and/or financial qualification is required prior to scheduling a showing. Showings by appointment only. Qualified buyers and investors are encouraged to inquire.

277 Congress Street

$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

$225,000

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

$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

$199,900

4 Beds ⋅ 2 Baths ⋅ 202625289 MLS

Attention investors and owner-occupants! Great opportunity to own a side-by-side duplex located in a quiet Troy neighborhood. Each unit offers 2 bedrooms, 1 full bath, a full basement, central air, forced hot air heat, and separate utilities. One unit is currently vacant and ready for immediate occupancy, making this an ideal option for an owner-occupant looking to offset their mortgage or an investor looking to add to their portfolio. Situated on a large lot with off-street parking. Don't miss this solid two-family opportunity!

124 Mann Avenue

$279,900

4 Beds ⋅ 2 Baths ⋅ 202625259 MLS

Rare opportunity in Troy's desirable Little Italy neighborhood! This impressive all-brick two-family combines classic character with the peace of mind of a substantial renovation. The property was gutted and extensively rehabbed in 2010, including updates to the electrical, plumbing, framing, floor joists, sheetrock, windows, kitchens, bathrooms, and forced-air heating systems. Each spacious unit offers 2-3 bedrooms and one full bath, providing excellent flexibility for owner-occupants, investors, or multi-generational living. An all-brick two-family with this level of renovation is increasingly difficult to find. The location is another standout- just minutes from Downtown Troy, its restaurants, shops, entertainment, and RPI College, while Prospect Park is just up the hill. Whether you're looking to live in one unit and rent the other or add a quality property to your investment portfolio, this is a rare combination of a quiet location, substantial improvements, solid brick construction, and income-producing potential. The 1st-floor unit is ready to be rented and left vacant for ease of showings.

6 St Marys Avenue

$270,000

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

$339,999

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

$319,999

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

$719,999

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

$219,900

2 Beds ⋅ 2 Baths ⋅ 202624818 MLS

This is the ideal Air B & B situation with it just steps from the Rensselaer Train Station. 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/ laundry room. w/ 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. Walk-out lower level with potential to add a studio apartment, 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

$225,000

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

$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

$285,000

4 Beds ⋅ 2 Baths ⋅ 202624522 MLS

Location, location, location! This solid brick two-family home, built in 1890, offers exceptional flexibility and investment potential just a short walk from RPI. Currently being used as a spacious single-family residence, the property can easily be converted back to its original two-family configuration, with additional potential for a third unit in the basement. Updated bathrooms, classic brick construction, and a generously sized extended backyard add to the appeal. Whether you're looking for an owner-occupied property, student housing opportunity, or an income-producing addition to your portfolio, this versatile property offers tremendous possibilities in a highly desirable location.

44 Christie Street

$275,000

7 Beds ⋅ 2 Baths ⋅ 202624370 MLS

Turnkey renovated two-family with separate utilities and low taxes -- 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 occupied at $2,900/mo. Taxes only $3,800/yr. Downstairs 3BR leased through 7/31/2027 -- stable income in place. Upstairs 4BR is month-to-month, with room to raise rent to market. Minutes to RPI, HVCC, and major commuter routes. Listing broker holds an ownership interest in the subject property.

75 5th Avenue

$269,900

6 Beds ⋅ 4 Baths ⋅ 202624359 MLS

INVESTMENT OPPORTUNITY IN NASSAU! This well-positioned 3-unit property offers an excellent opportunity to add a solid income-producing asset to your portfolio or owner-occupy while generating rental income from the additional units. Each unit offers its own living space, providing flexibility for a variety of investment strategies. Conveniently located in the heart of Nassau with easy access to local amenities, shopping, dining, schools, and major roadways. Whether you're a seasoned investor looking to expand your portfolio or a first-time investor ready to get started, this property offers three separate income streams and plenty of potential. Don't miss your opportunity to take advantage of this versatile Nassau property!

37 Church Street

$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

$255,000

5 Beds ⋅ 2 Baths ⋅ 202624036 MLS

Great investment or owner-occupied opportunity in Rensselaer! This spacious 2-family offers a 2BR/1BA first-floor unit (1,255 sq. ft.) and 3BR/1BA second-floor unit (1,219 sq. ft.), generating $26,400 in current annual gross rental income. First-floor bath updated in 2023 with in-unit washer/dryer. Separate gas heat and electric, plus off-street parking for both units. Conveniently located near the bus line, Rensselaer Amtrak station, Regeneron and downtown Albany. Solid income in place with significant value-add and future income potential.

330 Broadway

$399,000

9 Beds ⋅ 4 Baths ⋅ 202623843 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

$268,000

4 Beds ⋅ 2 Baths ⋅ 202623814 MLS

Excellent opportunity to own an oversized two-family home on a corner lot with a huge fenced-in yard backing to the Posten Kill Creek. With approximately 2,210 square feet of living space, this property offers flexibility for an owner occupant or investor. The second unit is currently vacant, providing an excellent opportunity for an owner occupant to move in while the first-floor unit remains tenant occupied on a month-to-month lease. Combined annual rental income potential for both units is approximately $34,200! This offers a great opportunity to offset your mortgage or add to your investment portfolio. The large fenced-in lot, corner location, creek-side setting, and spacious two-family layout make this a unique opportunity in Troy. Whether you're looking to owner occupy, invest, or add value over time, this property offers plenty of possibilities.

345-349 4th Street

$710,500

6 Beds ⋅ 3 Baths ⋅ 202623542 MLS

Six-unit multifamily investment opportunity totaling approximately 7,206 SF across three stories. The asset offers diversified residential income through six units and an opportunity for investors to expand an existing multifamily portfolio. Classic brick construction and established building footprint provide a solid foundation for continued ownership and potential value enhancement. Financials available upon request. 3227-3229 7th Ave may be packaged with 4 Hill St, Troy, NY, providing an opportunity to acquire multiple multifamily assets in a single transaction. Showings by appointment.

3227-3229 7th Avenue

$839,900

6 Beds ⋅ 7 Baths ⋅ 202623448 MLS

Investors take notice. Beautifully updated and well maintained solid brick mixed use building located on River Street in the heart of Downtown Troy. This property features four residential units, including two 1 bedroom 1 bath apartments, one 2 bedroom 1 bath apartment, and one 2 bedroom 2 bath apartment, along with a well established and successful retail restaurant on the first floor. All units are leased, providing immediate rental income. Separate utilities, off street parking, and the low maintenance benefits of solid brick construction make this an easy property to own and manage.

40 River Street

$309,000

5 Beds ⋅ 3 Baths ⋅ 202623189 MLS

With one unit vacant now and the property's largest unit expected to become available October 1, this three-unit Troy property offers flexibility for an owner-occupant or investor while maintaining existing rental income. Off-street parking for two vehicles adds significant practical value, with space that may allow for additional parking in the future. The property also features a low-maintenance yard. The first floor features two units. The rear unit, occupied by a long-term tenant, has two private entrances, including one directly from the parking area. The vacant front unit features a large covered porch, in-unit washer and dryer, hardwood floors, oversized windows, and abundant natural light. Upstairs, the second-floor unit spans the entire floor, offering substantial living space and its own private balcony. The current tenant intends to vacate October 1, 2026. Two separate basement access points provide potential for a future owner to add additional laundry hookups. Coin-operated laundry is currently available to tenants across the street at 143 6th Avenue, which is also offered for sale. The properties may be purchased individually or together, creating an opportunity for buyers interested in adding multiple properties to their portfolio. Public records reflect four bedrooms. The second-floor unit also includes an additional room, offering flexibility for a variety of uses, including potential use as an additional bedroom. Buyer to verify bedroom count and permitted use.

128 6th Avenue

$139,900

4 Beds ⋅ 2 Baths ⋅ 202623157 MLS

Located at 709 4th Ave, Troy, NY, this property offers a great opportunity in a convenient neighborhood with easy access to downtown Troy, local shops, restaurants, schools, and major commuting routes. Whether you're looking for your next home or an investment property, this address combines accessibility, potential, and everyday convenience in one of Troy's established residential areas.

709 4th Avenue

$314,000

9 Beds ⋅ 3 Baths ⋅ 202622870 MLS

Excellent Investment Opportunity! Three-family property perfect to build equity while generating income. This property features a vacant 3-bedroom apartment, ideal for immediate occupancy or rental income and 2 rented apartments. With generous square footage, this property offers strong potential for long-term rentals or extended family living.

730 3rd Avenue

$139,900

3 Beds ⋅ 2 Baths ⋅ 202622749 MLS

This Troy two-family property is an excellent opportunity for investors seeking a cash-flowing rental or owner-occupants looking to offset their mortgage with rental income. One unit is currently vacant, providing the flexibility to move in or secure a new tenant while the second unit generates income. With its two-unit layout and strong potential, 7 Winnie Ave offers an attractive opportunity to build equity and add a solid investment to your portfolio.

7 Winnie Avenue

$360,000

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

4 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

$230,000

7 Beds ⋅ 2 Baths ⋅ 202622561 MLS

Excellent investment opportunity in Troy, NY! This fully occupied two-unit property consist of 1st floor 4 bd. apt.2 living rooms, eat in kitchen, and full bathroom.2nd unit consist of 2floors.{second floor and 3rd floor)Which has 3 bedrooms, 5 liv rooms,eat in kit.,and full bathroom.Both units generate over $38,400 anually.2nd floor was partially renovated 2 years ago .All units sep. utilities. 1st floor tenant has occupied unit for 5 yrs plus. Landlord is responsible for water and trash bills. This is and excellent opportunity for and investor whom is looking to extend There portfolio. Investors who are int. in more than 1 property may combine this deal with others that are offered by the same seller. in 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

$300,000

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

$849,900

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

$699,900

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

$675,000

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

$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

$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

$79,900

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

$329,000

7 Beds ⋅ 3 Baths ⋅ 202620676 MLS

Price Drop! Has always been and RPI rental and well maintained. Furnished and ready for next semester. 1St floor students 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 May 2026, 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. 24-hour notice needed for first floor showing.

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

$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

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