UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,121 sqft
Price per Sqft $124
Subdivision Little Italy
MLS Listing ID 202614113
Bedrooms 14
Full Baths 6
HOA Y/N No
Year Built 1890
Annual Tax Amount $7,000
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 40x85
Property Sub-Type Multi Family
Source Global MLS
Property Description
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)
Location
State NY
County Rensselaer
Community Little Italy
Zoning Multi Residence
Direction From downtown Troy, head north on 4th Street. Continue past the intersection with Federal Street, and the property will be on your right-hand side in the Little Italy neighborhood. Street parking is available nearby for easy access.
Interior
Heating Baseboard, Electric, Natural Gas
Flooring Vinyl, Tile, Carpet
Exterior
Exterior Feature Garden
Parking Features None
Roof Type Rubber
Building
Lot Description Level, Landscaped, Cleared
Sewer Public Sewer
Water Public
Architectural Style Apartment 4 Plus Unit
Schools
School District Troy
Others
Tax ID 381700 101.77-9-28.1
Special Listing Condition Standard
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