$2,200,000
Troy, NY 12180
MLS# 202617079
15 baths | 9142 sqft
1 / 40
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.
Details
Maps
Documents
Contract Information
Original List Price: 2200000
List Price/SqFt: 240.65
List Price/Acres: 36666666.67
Status: Active
Property Sub Type: Mixed Use
List Price: $2,200,000
Listing Contract Date: 2026-05-13
Current Price: $2,200,000
Location
City/Town (Mail): Troy
Street Number: 150
Street Name: 4th
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12180
Geo Lat: 42.727817
Geo Lon: -73.689478
Property Detail
Stories: 4
Number Of Buildings: 1
Parking Y/N: No
Lot Size Square Feet: 2614
Zoning: Commercial
Lot Size Dimensions: .06 acres
Lot Size Acres: 0.06
Building Area Total: 9142
Waterfront Y/N: No
Year Built: 1990
Bathrooms Total: 15
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 381700 101.61-7-20
Tax Annual Amount: 16959.5
Tax Section: 101.61
Total Taxes Description: Estimated
Tax Block: 7
Tax Lot: 20.000
School District: Troy
Directions & Remarks
Directions: Cross the Green Island Bridge. Turn right onto 4th St (US-4). Continue a couple blocks -- 150 4th St will be on the right.
Public Remarks: 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.
Sewer
Public Sewer: 1
Current Use
Laundromat: 1
Mixed Use: 1
Multi-Family: 1
Retail: 1
Architectural Style
Apartments: 1
Commercial: 1
Mixed Use: 1
Electric
200+ Amp Service: 1
Cooling
None: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Flooring
Carpet: 1
Hardwood: 1
Laminate: 1
Vinyl: 1
Showing Requirements
Call Listing Agent: 1
Roof
Flat: 1
Water Source
Public: 1
Heating
Baseboard: 1
Electric: 1
Parking Features
Parking Total: 0
Status Change Info
Status Change Date: 2026-05-13
Property Features
Architectural Style: Apartments; Commercial; Mixed Use
Construction Materials: Brick
Cooling: None
Current Use: Laundromat; Mixed Use; Multi-Family; Retail
Electric: 200+ Amp Service
Flooring: Carpet; Hardwood; Laminate; Vinyl
Heating: Baseboard
Possession: At Closing
Roof: Flat
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Water Source: Public
Proforma 
Listing Courtesy of New Scotland Realty
Listing Agent: Samantha M Curry
603-209-1976 | Samantha@newscotlanddev.com
603-209-1976 | Samantha@newscotlanddev.com