Refine Search
Sort by
2244 15th Street, Troy
$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

26 Pawling 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

260 3rd 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

211 4th 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

727 Burden Avenue, Troy
$185,000
7 Beds ⋅ 2 Baths ⋅ 202626448 MLS
Welcome to 727 Burden Ave Troy, a spacious two-family property offering an excellent opportunity for investors, owner-occupants, or those seeking flexible multi-generational living. 10.7% CAP RATE with a reported market range of 13.3% to 18.5%. The first-floor unit offers 3 bedrooms, 2 full bathrooms, two living rooms, and an additional room suitable for an office, storage, or flex space. The second-floor unit features 4 bedrooms and 2 living rooms, creating a generous layout for residents. Both units are currently rented, with reported combined rental income of $2,200 per month. Separate electric, gas, heat, water heater, and water utilities provide added convenience for tenants and ownership. The full basement adds valuable versatility with exterior access, finished and unfinished areas, a bathroom stub-in, and kitchen rough-in. The basement is not a separate apartment, and the property is zoned as a commercial two-family. The additional space offers potential for storage, workspace, recreation, or other permitted uses. Conveniently located in Troy's Capital Region, residents are near shopping, dining, recreation, education, and entertainment. Nearby destinations include Hudson River Commons, Hudson Valley Plaza, Prospect Park, Frear Park, and Riverfront Park. Downtown Troy offers restaurants, local shops, the Troy Waterfront Farmers Market, Troy Savings Bank Music Hall, and Hart Cluett Museum. Educational institutions including Rensselaer Polytechnic Institute, Hudson Valley Community College, and Russell Sage College add to the area's appeal. An opportunity to explore for investors seeking a spacious two-family property with established rental income, separate utilities, substantial basement space, and convenient access to all that Troy has to offer. Review the Income & Expense Sheet for additional financial information.

727 Burden Avenue, Troy

356 4th Street, 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

7 Brunswick Road, 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

277 Congress Street, 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

326 9th Street, 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

168 3rd 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

1302 5th Avenue, 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

105 2nd 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

601-603 2nd Avenue, Troy
$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, Troy

161 5th 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

©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated

How much is your home worth?

Get instant property value now!