Sharon FronkRealtor® · Howard Hanna
LoadingTroy, NY 12180 · Rensselaer County
This six-unit multi-family building at 278-280 4th Street in Troy was built in 1890 and sits in the Troy school district, listed at $688,000. The remarks note separate utilities for all units, a property that is almost fully rented, and a mix of two- and three-bedroom units, many recently renovated. Tenants share a backyard. The remarks reference a location in Little Italy, half a block from DeFazio's Pizzeria and near downtown Troy. It is also offered within a 14-unit portfolio priced at $1,534,000.
Welcome to 278-280 4th Street, a Six unit multi-family investment opportunity in the heart of Little Italy in Troy. This property features separate utilities for all units, making management simple and expenses easier to allocate. It is almost fully rented, offering immediate income potential and strong cash flow for investors seeking a stabilized asset. The building includes a mix of 2 bed and 3 bed units, many of which have been recently renovated, reducing near term capital needs while enhancing tenant appeal. Tenants also enjoy access to a shared backyard, providing outdoor space that adds to the property's desirability. 278-280 4th St is just half a block 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) 276 3rd Street (5 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 129% above the Troy median of $299,900.
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Lincoln House Realty · Listed by Cristhian Astorga (35568)
Contact: 518-443-9701
MLS #202614113 · Source: Global MLS, Inc.
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Activity across 3 MLS listings of this property.
