Troy City School District, NY Real Estate | Troy City School District, NY Multi-Family Homes for Sale

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

$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

$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

$169,500

4 Beds ⋅ 2 Baths ⋅ 202627909 MLS

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

7 Smith Avenue, Troy

$325,000

7 Beds ⋅ 2 Baths ⋅ 202627753 MLS

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

26 Pawling Avenue, Troy

$199,000

7 Beds ⋅ 2 Baths ⋅ 202627392 MLS

INVESTMENT OPPORTUNITY! Looking to add an income-producing property to your portfolio? 466 1st St offers a great opportunity with $2,800 in total monthly rental income and established, long-term tenants who would love to remain. Conveniently located directly across from a school, this property offers a desirable location for tenants and the stability of existing occupancy. Whether you're looking to expand your current portfolio or make your first investment, this property is worth a look!

466 1st Street, Troy

$215,000

3 Beds ⋅ 2 Baths ⋅ 202627271 MLS

Welcome to 413 3rd St in Troy! This well-maintained two-family home offers a great opportunity for an owner-occupant or investor, with several important updates and desirable features. Recent and notable improvements include a new hot water tank, off-street parking, and washer/dryer. The first-floor unit features a newer stove, while the upstairs unit has a newer refrigerator. The home is also equipped with a Generac backup generator, approximately 10 years old, providing added peace of mind. The furnace has been consistently maintained, and the roof is approximately 15 years old. Enjoy additional outdoor space with a backyard garden, perfect for gardening, relaxing, or entertaining. The property is currently vacant, giving an owner-occupant or investor the flexibility to occupy one unit, rent both units, or make updates to suit their needs. Conveniently located close to everything Troy has to offer, including local shops, restaurants, schools, parks, downtown amenities, public transportation, and major roadways. With two-family versatility, off-street parking, laundry, a backyard garden, backup generator, and numerous maintenance updates, this property is ready for its next owner.

413 3rd Street, Troy

$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

$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

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

$262,500

4 Beds ⋅ 2 Baths ⋅ 202623814 MLS

NEW PRICE! Income-producing two-family property generating $33,000 in annual rental income! Offered at $262,500, this spacious Troy property presents an excellent opportunity to add an established rental property to your investment portfolio. Featuring approximately 2,210 square feet of living space, both units are currently tenant-occupied, providing immediate rental income for the next owner. Separate utilities add to the property's investment appeal. Situated on an oversized corner lot, the property features a generous fenced-in yard backing to the Poestenkill Creek, offering a unique combination of outdoor space and income-producing potential. Whether you're a seasoned investor or looking to purchase your first multifamily property, this two-family offers existing rental income, a spacious layout, and long-term investment potential.

345-349 4th Street, Troy

$824,900

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, Troy

$109,900

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, Troy

$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, Troy

$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, Troy

$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, Troy

$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, Troy

$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, Troy

$4,149,000

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, Troy

$379,000

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. Back on the market! The previous buyer withdrew without providing a reason, creating another opportunity to purchase 2215-2217 5th Avenue in Troy. Contact us for details or to schedule a showing.

2215-2217 5th Avenue, Troy

$328,000

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, Troy

$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, Troy

$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, Troy

$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, Troy

$305,000

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.

1 Lincoln Avenue, Troy

$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, Troy

$319,000

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, Troy

$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, Troy

$799,000

16 Beds ⋅ 6 Baths ⋅ 202612200 MLS

Fantastic opportunity to own a turn key, updated 6 unit building. Renovations completed in 2020 including fabulous kitchens and baths, electrical and rubber roof. State of the art heating systems, washer and dryer hookups for each unit. Sound and fire insulation between apartments. Separate utilities (owner pays electric for one unit which is tied to common area) Off street parking in the rear for 5 cars. Close to Hudson Valley Community College, easy access to highways and on busline. Great condition. A must see property.

571-573 1st Street, Troy

Troy City School District, NY Multi-Family Homes for Sale

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Kellie Kieley Realty, LLC

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