Sharon FronkRealtor® · Howard Hanna
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$350,000 price cut · was $2,700,000
$2,350,000
171 Hill Street
Troy, NY 12180 · Rensselaer County
27Beds
24Baths
5,488Sq Ft
0.27 acresLot Size
1940Year Built
$428Per Sq Ft
Est. P&I $11,883/moGet pre-qualified
Multi-Family 19 days on market
MLS# 202618382 Updated 1 day ago
Sharon’s Take
This 27-bedroom, 24-bath multi-family property in Troy spans 5,488 square feet on 0.27 acres and was built in 1940. Currently operated as a residential community living facility, the property includes 22 private rooms with ensuite bathrooms, shared common areas, central air, and forced air heating. A vacant adjacent lot offers potential for expansion or additional parking, subject to zoning verification. Located in Troy, the historic Collar City and home to Rensselaer Polytechnic Institute, the property benefits from favorable tax treatment and operates under commercial landlord-tenant regulations. No HOA applies.
Sharon Fronk · Howard Hanna Capital Region
About this property
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 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.
Is it priced right?
The price signals we can read on this listing today. For a true sense of value against recent Troy sales, Sharon will pull the comparable closings and walk you through them.
Price per sq ft
$428
Days on market
19
Price reduced
$350,000
from $2,700,000
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Ask Sharon for the compsProperty details
22 facts pulled straight from the MLS listing.
Overview
Property TypeMulti-Family
Sub-TypeMulti Family
Year Built1940
Days on Market19
StatusActive
MLS Number202618382
ListedAugust 10, 2026
Interior
Bedrooms27
Bathrooms24 full
Living Area5,488 sq ft
Interior Features
BasementHigh Speed InternetWalk-In Closet(s)Built-in FeaturesCentral AirForced AirNatural GasCarpetConcreteSlab
Exterior & Lot
Lot Size0.27 acres
Exterior Features
OtherOff StreetPaved
Building & Construction
Construction
OtherVinyl Siding
Financial
List Price$2,350,000
Price per Sq Ft$428
Est. Monthly P&I$11,883/mo
Location
CountyRensselaer
School DistrictTroy
Listing Details
Listed ByLeon Levy of Berkshire Hathaway Home Services Blake
Data SourceSpark Platform / Global MLS
Last UpdatedAug 28, 2026
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- Start171 Hill Street, Troy, NY 12180
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Schools
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Troy
Assigned school district
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About Troy, NY
Troy is in Rensselaer County, NY. There are currently 120 active listings here, ranging from $29,000 to $4,250,000. Listings in this address fall under the Troy school district. Priced 684% above the Troy median of $299,900.
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Berkshire Hathaway Home Services Blake · Listed by Leon Levy (6776)
Contact: 518-727-7493
MLS #202618382 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.