Excellent 14-unit, one-bedroom apartment building with ground-floor commercial space in the heart of Troy, offering strong in-place cash flow and the potential to achieve an 8.61%+ cap rate. This prime downtown location is walkable to local favorites like The Ruck and Manory's, and sits directly next door to Vicina Urban Flats by Rosenblum Companies, where one-bedroom apartments start at $1,792/month.
The property is minutes from both Russell Sage College and Rensselaer Polytechnic Institute and is steps from a major bus line, making it highly attractive to tenants. The fully leased commercial storefronts are occupied by a laundromat and a hair salon, providing additional diversified income. A rare opportunity to own a well-located, mixed-use asset in one of the Capital Region's strongest rental markets.
Property Type(s):
Commercial
|
Last Updated
|
5/13/2026
|
Year Built
|
1990
|
|
County
|
Rensselaer
|
SCHOOLS
Additional Details
| AIR |
None |
| CONSTRUCTION |
Brick |
| HEAT |
Baseboard, Electric |
| LOT |
2614 sq ft |
| LOT DIMENSIONS |
.06 acres |
| SEWER |
Public Sewer |
| STORIES |
4 |
| STYLE |
Commercial |
| TAXES |
16959.5 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of New Scotland Realty
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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