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Listed by Scott P Varley • KW Platform

$419,900

Est. payment - /mo

4 Beds

3 Baths

2,720 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,720 sqft

Price per Sqft $154

MLS Listing ID 202629217

Bedrooms 4

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1890

Annual Tax Amount $8,401

Lot Size 871 Sqft

Acres 0.02

Lot Dimensions 37.4X42.2

Property Sub-Type Triplex

Source Global MLS

Property Description

Troy has a way of making you fall for its historic brick buildings, timeless architecture and beautiful riverfront charm. Now, you have the opportunity to own a piece of it. Located in the heart of downtown Troy, this distinctive three-story mixed-use building offers a unique blend of historic character and investment potential, with a connection to the Capital Region's filming of HBO's The Gilded Age. The ground-floor storefront is a blank canvas ready for your vision. Imagine a professional office, boutique, creative studio or neighborhood restaurant with your name on the door. Complimentary parking adds convenience in a bustling downtown setting. Above, the second and third floors each feature a two-bedroom, one-bathroom apartment with room to personalize and explore different layouts, including the possibility of loft-inspired living. Neither apartment has previously been rented, offering a fresh opportunity for an investor to establish rental income. Projected rent is approximately $2,900 per apartment. The possibilities are plentiful. Operate your business downstairs while generating rental income from the apartments, live in one unit while renting the other, or explore leasing all three levels as a mixed-use investment. Whether you're an experienced investor or looking to expand your portfolio, this property offers flexibility and exciting potential in one of the Capital Region's most distinctive downtown districts. Step outside and enjoy everything Troy has to offer, from the beloved Troy Waterfront Farmers Market and local restaurants to independent boutiques, historic landmarks and the Hudson River waterfront. With its rich history, vibrant arts scene and distinctive architecture, downtown Troy continues to attract residents, entrepreneurs and visitors alike. Bring your vision to life and discover the possibilities of owning a unique piece of downtown Troy.

Location

State NY

County Rensselaer

Direction From I-787 in Albany, cross the Menands Bridge or take Route 7 east into Troy, then follow River Street (Route 2) south. The property will be on your right.

Body of Water Hudson River

Interior

Heating Forced Air, Natural Gas

Flooring Tile, Carpet

Fireplaces Number 2

Fireplaces Type Bedroom, Gas

Fireplace Yes

Exterior

Exterior Feature None

Utilities Available Cable Connected

Roof Type Flat

Building

Lot Description Road Frontage

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction No

Schools

School District Troy

Others

Tax ID 381700 101.53-3-1.22

Special Listing Condition Standard

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Nearby Locations

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Sterling Real Estate Group

+1(518) 688-2211

278 River Street Troy, NY 12180