Troy Real Estate | Troy Multi-Family Homes for Sale

9 Beds ⋅ 3 Baths ⋅ 202622570 MLS

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

375 8th Street

$260,000

7 Beds ⋅ 2 Baths ⋅ 202622568 MLS

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

3365 6th Avenue

$260,000

6 Beds ⋅ 2 Baths ⋅ 202622566 MLS

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

3357 6th Avenue

$210,000

3 Beds ⋅ 2 Baths ⋅ 202622562 MLS

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

19 Defreest Avenue

$260,000

7 Beds ⋅ 2 Baths ⋅ 202622561 MLS

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

161 5th Avenue

$750,000

6 Beds ⋅ 7 Baths ⋅ 202621681 MLS

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

194 3rd Street

$750,000

8 Beds ⋅ 7 Baths ⋅ 202621682 MLS

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

2209 16th Street

$50,000

4 Beds ⋅ 2 Baths ⋅ 202621654 MLS

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

393 4th Avenue

$300,000

6 Beds ⋅ 7 Baths ⋅ 202621651 MLS

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

616 Second Avenue

$4,250,000

202621635 MLS

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

2920 5th Avenue

$200,000

8 Beds ⋅ 2 Baths ⋅ 202621550 MLS

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

761 2nd Avenue

$395,000

5 Beds ⋅ 3 Baths ⋅ 202621543 MLS

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

2215-2217 5th Avenue

$290,000

3 Beds ⋅ 2 Baths ⋅ 202621343 MLS

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

18 Summit Avenue

$115,000

4 Beds ⋅ 2 Baths ⋅ 202621260 MLS

Duplex opportunity in the heart of Troy. This two-unit property is being sold as is and is ideal for investors or contractors looking for their next project. Features include a recently updated roof and furnace and an enclosed side porch offering additional space. Property requires significant renovation but offers strong upside for the right buyer. Conveniently located near downtown Troy, shops, dining, and major routes. Cash or renovation financing recommended.

490 4th Street

$309,000

6 Beds ⋅ 2 Baths ⋅ 202621170 MLS

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

27 Excelsior Avenue

$399,000

9 Beds ⋅ 4 Baths ⋅ 202620680 MLS

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

601-603 2nd Avenue

$349,500

7 Beds ⋅ 3 Baths ⋅ 202620676 MLS

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

13 13th Street

$329,999

6 Beds ⋅ 4 Baths ⋅ 202620345 MLS

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

3367 6th Avenue

$364,900

8 Beds ⋅ 4 Baths ⋅ 202620327 MLS

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

421 4th Street

$339,900

9 Beds ⋅ 3 Baths ⋅ 202620188 MLS

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

283 4th Street

$339,900

6 Beds ⋅ 3 Baths ⋅ 202620187 MLS

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

516 4th Street

$345,000

6 Beds ⋅ 4 Baths ⋅ 202620048 MLS

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

233 2nd Street

$329,000

4 Beds ⋅ 3 Baths ⋅ 202619739 MLS

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

128 6th Avenue

$325,000

7 Beds ⋅ 3 Baths ⋅ 202619654 MLS

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

1 Lincoln Avenue

$329,900

4 Beds ⋅ 2 Baths ⋅ 202618674 MLS

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

190 Spring Avenue

$409,900

8 Beds ⋅ 2 Baths ⋅ 202618539 MLS

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

86 14th Street

$2,700,000

27 Beds ⋅ 24 Baths ⋅ 202618382 MLS

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

171 Hill Street

$249,900

7 Beds ⋅ 3 Baths ⋅ 202618115 MLS

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

306 4th

$190,000

3 Beds ⋅ 3 Baths ⋅ 202617999 MLS

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

715 2nd Avenue

$265,000

202617785 MLS

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

853 5th Avenue

$375,000

6 Beds ⋅ 2 Baths ⋅ 202617517 MLS

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

303 Spring Avenue

$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

$340,000

6 Beds ⋅ 3 Baths ⋅ 202616460 MLS

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

151 Jackson Street

$250,000

6 Beds ⋅ 2 Baths ⋅ 202616313 MLS

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

516 Pawling Avenue

$389,900

9 Beds ⋅ 3 Baths ⋅ 202616024 MLS

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

415 3rd Street

$375,000

8 Beds ⋅ 3 Baths ⋅ 202615981 MLS

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

677 Pawling Avenue

$274,900

4 Beds ⋅ 2 Baths ⋅ 202615857 MLS

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

2204 14th Street

$259,900

8 Beds ⋅ 3 Baths ⋅ 202615655 MLS

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

486 4th Street

$334,900

6 Beds ⋅ 2 Baths ⋅ 202615326 MLS

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

169 Hoosick Street

$399,000

8 Beds ⋅ 3 Baths ⋅ 202615023 MLS

Spacious and solid investment opportunity offering over 4,200 sq. ft. of living space. Built in 1880 and thoughtfully maintained, this brick three-family property features a total of 8 bedrooms, 2 additional office spaces and three full bathrooms, making it ideal for investors or owner-occupants looking for rental income. Each unit is generously sized, providing comfortable living with high ceilings and each unit has 2 decorative fireplaces. Many windows are newer replacement windows. Brand new roof in 2026!! A covered patio in the back yard and a 2 car garage with door opener and Siemens car charger complete this rare opportunity!

1040 5th Avenue

$1,625,000

46 Beds ⋅ 17 Baths ⋅ 202614769 MLS

17-unit multifamily portfolio located in South Troy consisting of three buildings and a separate vacant parcel with development potential. The unit mix includes twelve 3-bedroom units, four 2-bedroom units, and one 1-bedroom unit (45 total bedrooms). Approximately 75% of units have seen updates over the past ~2.5 years. Of the five vacant units, three are rent-ready and two are in the process of being turned over. Utilities are separately metered. The 4th St buildings also have separately metered water and sewer, providing the option to pass these expenses through to tenants. The portfolio includes a shared parking area and on-site laundry for tenant convenience. Zoned MU-1, the vacant parcel offers additional flexibility for future development (buyer to verify). Offered as a portfolio.

38 Tyler Street

$688,000

14 Beds ⋅ 6 Baths ⋅ 202614113 MLS

Welcome to 278-280 4th Street, a Six unit multi-family investment opportunity in the heart of Little Italy in Troy. This property features separate utilities for all units, making management simple and expenses easier to allocate. It is almost fully rented, offering immediate income potential and strong cash flow for investors seeking a stabilized asset. The building includes a mix of 2 bed and 3 bed units, many of which have been recently renovated, reducing near term capital needs while enhancing tenant appeal. Tenants also enjoy access to a shared backyard, providing outdoor space that adds to the property's desirability. 278-280 4th St is just half a block from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) 276 3rd Street (5 Units)

278-280 4th Street

$524,000

10 Beds ⋅ 5 Baths ⋅ 202614105 MLS

Welcome to 276 3rd Street, a Five unit multi-family opportunity in the heart of Little Italy in Troy. Each unit has separate utilities, allowing for simplified management and cleaner expense allocation. For sure a solid addition to an investment portfolio with strong fundamentals and long term potential. All units are configured as 2 bed, 1 bath, a unit mix that is typically easier to lease and appeals to a wide range of tenants. The property also presents value-add potential for investors looking to make improvements over time while working toward stabilization. The combination of separate utilities and consistent unit configuration provides operational flexibility. 276 3rd St is just around the corner from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) 278-280 4th Street (6 Units)

276 3rd Street

$372,000

7 Beds ⋅ 3 Baths ⋅ 202614060 MLS

Welcome to 304 4th Street, a well positioned triplex offering a strong opportunity for both investors and owner-occupants , only a few blocks from downtown Troy. This three unit property features separate utilities, making management straightforward and expenses easier to allocate, an attractive setup for portfolio investors seeking scalable assets. Each unit provides practical layouts with solid rental potential, while the overall configuration also makes this an excellent option for owner-occupied living, live in one unit and offset your mortgage with rental income from the others. 308 4th St is just around the corner from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. Highlights: - Ideal for investors or owner-occupants - Separate utilities for each unit - Potential for value-add improvements and increased rents - Convenient location. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 278-280 4th Street (6 Units) 276 3rd Street (5 Units)

308 4th Street

$469,000

10 Beds ⋅ 3 Baths ⋅ 202613845 MLS

Big Price Adjustment and more motivated seller-RPI Investor's Dream *** A 3 Family with a 5-bedroom, 4 bedroom and 1-bedroom apt. 1 Car garage with additional income and parking for up to 6 cars, 1 block from Campus. Potentially $7,000 of monthly income at full occupancy. Currently, $4135 at partial occupancy. Updated windows, roofs, kitchens, appliances, and 3 Washers, 3 Dryer's. Tin ceilings, ornamental fireplaces and furnished You'll want to add this one to your Portfolio!

65 13th Street

$2,400,000

18 Beds ⋅ 14 Baths ⋅ 202613763 MLS

Rare opportunity to own nearly half block of meticulously maintained 12 units apartment.See the high end apartments with exquisite wood work, finishes, fixtures & exposed brick walls. The buildings are surrounded by gardens and open space, on the corner across from Stewart's and CVS, cross the 112th street bridge to Cohoes. Minutes to Downtown Troy, 787 and Rt 7. Many long term tenants provide steady income. Current cap rate 7% with a high market cap rate of 8.7%.

462-470 2nd Avenue

$1,049,000

7 Beds ⋅ 6 Baths ⋅ 202612703 MLS

Awesome brick 6 unit investor or Owner occupy corner property located near Washington Park and just a short distance to Russel Sage Campus plus all the Downtown Troy amenities and ongoings: Restaurants, Shops, Farmers Market, Rocking on the river concerts, ect. All apartments have been updated throughout. Original woodworking kept intact keeping the ''old world'' charm in place while modernizing/updating all apartments kitchens, baths, lighting, electrical, flooring, basement/laundry room & nice private rear garden patio area. Six apartment rentals total 9,100 monthly when fully occupied.

156 First Street

$449,000

8 Beds ⋅ 2 Baths ⋅ 202612271 MLS

Excellent RPI rental within walking distance of Campus! This huge brick 2 family over 2900 SF living space plus large walk up attic features renovations less than 5 years that include: Kitchens, Bath, New Laundry rms both 1st and 2nd flr flats, flooring, lighting, elect services and high efficiency Navion HW Heat system & roof! This property will come with a $5,400 month lease (64,800 yearly.. 6/1/26 thru 5/31/27) Owner pays utilities. Whether its your first student rental or adding to portfolio make sure you view this solid investment property!

1609 Highland Avenue

$239,900

3 Beds ⋅ 2 Baths ⋅ 202530094 MLS

Nice renovated 2 family. Both units are vacant. Also comes with a backyard and 3 car garage.

491 2nd Street

$90,000

4 Beds ⋅ 3 Baths ⋅ 202527179 MLS

Attention Investors & Rehabbers! Solid duplex located on a desirable street in Troy with excellent upside potential. Each unit offers 2 bedrooms and 1 bathroom, providing a strong foundation for a full renovation or value-add project. Once renovated, this property has the potential to generate conservative gross rents of $3,000+ per month. This is a great opportunity to bring a classic Troy multifamily back to life in a high-demand rental area. Serious inquiries only -- bring your vision and unlock this property's full potential! ***Hold Harmless must be signed in docs and sent to LA before showings aproved.

404 2nd Street

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