150 4th Street, Troy, NY 12180
150 4th Street, Troy, NY 12180
150 4th Street, Troy, NY 12180
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Listed by Samantha M Curry • New Scotland Realty
$2,200,000
Est. payment /mo
15 Baths
9,142 SqFt
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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,142 sqft

Price per Sqft $240

MLS Listing ID 202617079

Year Built 1990

Annual Tax Amount $16,959

Lot Size 2,614 Sqft

Acres 0.06

Lot Dimensions .06 acres

Property Sub-Type Mixed Use

Source Global MLS

Property Description

Excellent 16-unit, 14 residential one-bedroom apartment building with 2 ground-floor commercial spaces 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.

Location

State NY

County Rensselaer

Zoning Commercial

Direction Cross the Green Island Bridge. Turn right onto 4th St (US-4). Continue a couple blocks -- 150 4th St will be on the right.

Interior

Heating Baseboard, Electric

Flooring Vinyl, Carpet, Hardwood, Laminate

Exterior

Roof Type Flat

Building

Sewer Public Sewer

Water Public

Architectural Style Commercial

New Construction No

Schools

School District Troy

Others

Tax ID 381700 101.61-7-20

Virtual Tour https://listings.immersionfactory.co/sites/rxovokwq/unbranded

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Erin Steinbach

Erin Steinbach

+1(518) 222-6031

Lic. Associate R. E. Broker | License ID: 10301217507

Lic. Associate R. E. Broker License ID: 10301217507

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