Troy, NY 12180 · Rensselaer County

This downtown Troy quadruplex spans over 5,200 square feet across four units and offers 22 bedrooms and 7 bathrooms, built in 1920 on a compact lot. Each unit includes individual Navien heating and hot water systems, hardwood and tile flooring, and in-unit or on-floor laundry. The property features a new roof with a transferable warranty and a basement. Located in the Troy school district, this multifamily investment sits in a historic Hudson River port city known for its 19th-century industrial heritage and home to Rensselaer Polytechnic Institute.
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!
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The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
Troy is in Rensselaer County, NY. There are currently 129 active listings here, ranging from $29,000 to $4,250,000. Listings in this address fall under the Troy school district. Priced 153% above the Troy median of $285,000.
See Sharon's Troy community guideSharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
Tier One Real Estate Pros LLC · Listed by Stephen M McCormick (35034)
Contact: 518-698-6321
MLS #202624908 · Source: Global MLS, Inc.
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Activity across 2 MLS listings of this property.
Public assessment record for the Troy roll · Troy school district · Apartments
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $180,000 | $308,200 | +11.3% |
| 2024 | $180,000 | $276,900 | +29.2% |
| 2023 | $150,000 | $214,300 | +8.6% |
| 2022 | $150,000 | $197,368 | +11.2% |
| 2021 | $150,000 | $177,515 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Real numbers from current MLS data. Not a third-party estimate.





Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-07. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.