Troy, NY 12180 · Rensselaer County

This 1910 triplex in Troy contains 11 bedrooms and 4 bathrooms across 3,650 square feet, configured as a turnkey rental property. The home features three separate HVAC systems, on-demand hot water, hardwood floors, and stainless-steel appliances throughout. An enclosed patio and recently updated deck provide additional living space, and the wooded lot backs to Prospect Park. The property sits within walking distance of Rensselaer Polytechnic Institute and downtown Troy, with shops and dining nearby.
Rare opportunity to own a beautifully maintained, high-quality turnkey student-housing investment in the RPI area. This impressive 11-bedroom, 4-bathroom property offers strong rental income, quality furnishings, modern amenities, and excellent tenant appeal. The property features three HVAC systems, on-demand hot water heaters, high-end furniture, stainless-steel appliances, and well-appointed living areas. The enclosed patio/entertainment room provides a comfortable year-round space for recreation, gatherings, and relaxation. The updated back deck and green backyard offer additional outdoor space for tenants to enjoy. Prospect Park is directly across the street, with a convenient store nearby. Prime location within walking distance of RPI campus and Troy's downtown, providing convenient access to campus, restaurants, shops, entertainment, and downtown amenities. The property has a strong history of being fully leased, reflecting established demand for quality RPI student housing. Highlights: 11 bedrooms; 4 bathrooms; 3 HVAC systems; on-demand hot water heaters; turnkey condition; high-end furniture; stainless-steel appliances; enclosed patio/entertainment room; updated back deck; green backyard; Prospect Park across the street; walking distance to RPI and Troy downtown; strong history of full occupancy; approx. $92K gross annual rental income. Proof of income and/or financial qualification is required prior to scheduling a showing. Showings by appointment only. Qualified buyers and investors are encouraged to inquire.
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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 128 active listings here, ranging from $29,000 to $4,250,000. Listings in this address fall under the Troy school district. Priced 254% above the Troy median of $282,450.
See Sharon's Troy community guideSharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
Capital Elite Realty Group LLC · Listed by Capital Elite Realty Team (03105a)
Contact: 518-776-8898
MLS #202625554 · Source: Global MLS, Inc.
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Activity across 4 MLS listings of this property.
Public assessment record for the Troy roll · Troy school district · Three Family Year-Round Residence
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $108,000 | $184,900 | +11.3% |
| 2024 | $108,000 | $166,200 | +7.7% |
| 2023 | $108,000 | $154,300 | +8.6% |
| 2022 | $108,000 | $142,105 | +11.2% |
| 2021 | $108,000 | $127,811 |
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.