Sharon FronkRealtor® · Howard Hanna
LoadingTroy, NY 12180 · Rensselaer County
This five-unit multi-family building in Troy was built in 1890 and offers 2,898 square feet. Per the remarks, the units are configured as two-bedroom, one-bath layouts, each with separate utilities, and the listing presents it as an investment with value-add potential. It is located in the Little Italy area and described as near downtown Troy restaurants, shops, the farmers market, and DeFazio's Pizzeria. The remarks note it is part of a larger 14-unit portfolio offered together. There is no HOA, and it sits in the Troy school district.
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)
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Troy is in Rensselaer County, NY. There are currently 111 active listings here, ranging from $15,500 to $2,700,000. Listings in this address fall under the Troy school district. Priced 75% above the Troy median of $299,900.
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Lincoln House Realty · Listed by Cristhian Astorga (35568)
Contact: 518-443-9701
MLS #202614105 · Source: Global MLS, Inc.
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