11 Elm Street, Troy, NY 12180 (MLS # 202615256)

Turnkey 3-family opportunity in Troy with nearly $100K in capital improvements already completed, offering a strong combination of income potential and long-term stability. This legally permitted three-unit property generates approximately $3,100+/month including on-site laundry, in a market where rental demand remains strong. Extensive upgrades between 2019-2026 include two new boilers, three separate hot water tanks, a fully replaced main sewer line, updated electrical with separate metering, and upgraded plumbing throughout. The exterior has also been significantly improved with a new roof, siding, and structural repairs, helping to minimize future maintenance concerns and enhance overall durability. Inside, two of the three units have been thoughtfully renovated. The first-floor 2-bedroom features a fully updated kitchen, refreshed bath, and modern finishes, while the studio offers new heating, lighting, and a refreshed interior. Additional property-wide improvements include durable LVP flooring, updated doors and windows, and enhanced safety features. With separated utilities, efficient operations, and proximity to Hudson Valley Community College and major employers, the property is well-positioned for consistent occupancy. Whether you're an investor seeking solid returns or an owner-occupant looking to offset your mortgage, this is a compelling opportunity to step into a well-maintained, income-producing asset in one of Troy's steadily evolving neighborhoods. Ample street parking is readily available. A smart, low-maintenance investment with solid income potential- ready for its next owner!

Last Updated	4/16/2026	Year Built	1910
County	Rensselaer

SCHOOLS

High School	Troy

Additional Details

AIR	None
BASEMENT	Other, Yes
CONSTRUCTION	Vinyl Siding
EXTERIOR	None
HEAT	Baseboard, Natural Gas
INTERIOR	High Speed Internet
LOT	3049 sq ft
LOT DESCRIPTION	Cleared, Corner Lot
LOT DIMENSIONS	0.07
SEWER	Public Sewer
STYLE	Traditional
TAXES	4485.08
UTILITIES	Cable Available, Sewer Connected
WATER	Public

Location

 

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