Listing Notes
Turnkey 3-family opportunity in Troy with nearly $100K in capital improvements already completed, offering a strong combination of income potential and long-term stability. This legally permitted three-unit property generates approximately $3,100+/month including on-site laundry, in a market where rental demand remains strong. Extensive upgrades between 2019-2026 include two new boilers, three separate hot water tanks, a fully replaced main sewer line, updated electrical with separate metering, and upgraded plumbing throughout. The exterior has also been significantly improved with a new roof, siding, and structural repairs, helping to minimize future maintenance concerns and enhance overall durability. Inside, two of the three units have been thoughtfully renovated. The first-floor 2-bedroom features a fully updated kitchen, refreshed bath, and modern finishes, while the studio offers new heating, lighting, and a refreshed interior. Additional property-wide improvements include durable LVP flooring, updated doors and windows, and enhanced safety features. With separated utilities, efficient operations, and proximity to Hudson Valley Community College and major employers, the property is well-positioned for consistent occupancy. Whether you're an investor seeking solid returns or an owner-occupant looking to offset your mortgage, this is a compelling opportunity to step into a well-maintained, income-producing asset in one of Troy's steadily evolving neighborhoods. Ample street parking is readily available. A smart, low-maintenance investment with solid income potential- ready for its next owner!
Price in context
Cheaper than 50% of the 24 homes listed nearby right now, which run $185,000 to $396,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1 Crestwood Ave | $185,000 | 3 bd · 1 ba |
| 86 Mann Ave | $199,000 | 3 bd · 2 ba |
| 437 1st Ave | $199,900 | 3 bd · 1 ba |
| 603 2nd Ave | $205,000 | 4 bd · 2 ba |
| 19 Defreest Ave | $210,000 | 4 bd · 2 ba |
| 24 Vandenburgh Ave | $224,900 | 2 bd · 2 ba |
| 57 Mann Ave | $224,900 | 3 bd · 3 ba |
| 491 2nd St | $239,900 | 3 bd · 2 ba |
| 42 Vandenburgh Ave | $249,900 | 4 bd · 2 ba |
| 61 Tyler St | $249,900 | 5 bd · 2 ba |
| 486 4th St | $259,900 | 8 bd · 3 ba |
| 34 Francis St | $279,900 | 6 bd · 2 ba |
| 23 Crestwood Ave | $315,000 | 3 bd · 1 ba |
| 151 Jackson St | $319,000 | 6 bd · 3 ba |
| 1 Lincoln Ave | $325,000 | 7 bd · 3 ba |
| 516 4th St | $339,900 | 6 bd · 3 ba |
| 335 1st St | $359,999 | 9 bd · 3 ba |
| 421 4th St | $364,900 | 8 bd · 4 ba |
| 479 2nd St | $379,000 | 5 bd · 4 ba |
| 415 3rd St | $389,900 | 9 bd · 3 ba |
| 1001 Kristina Loop | $396,000 | 2 bd · 2 ba |
| 104 Kristina Loop | $396,000 | 2 bd · 2 ba |
| 201 Kristina Loop | $396,000 | 2 bd · 2 ba |
| 1F Brison Ave | $396,000 | 2 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more