261 5th Avenue, Troy, NY 12182 (MLS# 202628218)

$215,000
261 5th Avenue
Troy, NY 12182
MLS# 202628218
5 beds
Front Exterior
  1 / 37  
Front Exterior Front Exterior 2 Front Exterior Front Porch 2nd Floor Dining Room 2nd Floor Dining Detail 2nd Floor Living Room 2nd Floor Living Room 2nd Floor Living Room 2nd Floor Kitchen 2nd Floor Bedroom 2nd Floor Bedroom 2nd Floor Bathroom 2nd Floor Bathroom 1st Floor Living and Dining Rooms 1st Floor Living Room 1st Floor Living Room 1st Floor Kitchen 1st Floor Kitchen 1st Floor Bedroom 1st Floor Bedroom 1st Floor Bathroom 1st Floor Bathroom 1st Floor Laundry Room Hallway Entrance Hallway Entrance Rear Enclosed Porch Backyard Backyard Backyard Rear Exterior Rear Exterior Rear Exterior Rear Stairs Side Passage Electric Panels Meters

Property Description
**Live in One, Rent the Other - Let Rental Income Help Offset Your Mortgage!** Why choose between homeownership and investing when you can explore both? 261 5th Avenue is a Troy duplex currently generating $2,550 in gross monthly rental income ($30,600 annually), with the added advantage of tenants paying their own utilities. Both units are occupied on month-to-month leases, offering an established income stream and the opportunity to transition to owner-occupancy. **Two Units. Multiple Opportunities!** Featuring five bedrooms, two bathrooms, approximately 2,374 square feet, and a fully fenced backyard, this property combines everyday living space with income potential. Conveniently located near Downtown Troy's restaurants, shops, waterfront, and the popular Troy Waterfront Farmers Market. **Why Buy a Home When You Can Own an Income-Producing Property?** Schedule your showing today! Minimum 24-hour notice required.

Details
Maps
Contract Information
Status: Active
Property Sub Type: Duplex
Original List Price: 229000
List Price: $215,000
Current Price: $215,000
Listing Contract Date: 2026-10-14
List Price/SqFt: 90.56
Location
Street Number: 261
Street Name: 5th
Street Suffix: Avenue
County: Rensselaer
State/Province: NY
Postal Code: 12182
City/Town (Mail): Troy
Subdivision: Lansingburgh
Geo Lat: 42.762232
Geo Lon: -73.679356
Property Detail
Rooms Total: 11
Bedrooms Total: 5
Bathrooms Full: 2
Year Built: 1900
Above Grade Finished Area: 2374
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 2374
Fireplaces Total: 1
Lot Size Dimensions: 25' x 120'
Lot Size Acres: 0.07
Main Road Frontage: 25
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Financial Details
General Taxes: 1852.56
General Taxes Description: Actual
School Taxes: 1572.64
School Taxes Description: Actual
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income: 30600
Rental Income Description: Actual
Separate Utilities
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Unit Information
Number Of Refrigerators: 2
Number Of Stoves: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Level 1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1250
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Detail
Rent: 1250
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Kitchen Unit 1: Eat In
Total Rooms Unit 1: 5
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Total Full Baths: 1
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: Level 2
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1300
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 1300
Rent Description Unit 2: Actual
Lease Term Unit 2: Month To Month
Occupant Type Unit 2: Tenant
Kitchen Unit 2: Eat In
Total Bedrooms: 3
Bedrooms on 2nd Floor: 3
Total Full Baths: 1
Full Baths 2nd Floor: 1
Dining Rooms 2nd Floor: 1
Kitchens 2nd Floor: 1
Living Rooms 2nd Floor: 1
Status Change Info
Status Change Date: 2026-10-14
Property Features
Architectural Style: Traditional
Attic Features: Hatch
Basement: Unfinished
Construction Materials: Wood Siding
Duplex Type: Up And Down
Exterior Features: None
Fencing: Back Yard
Flooring: Carpet; Vinyl
Heating: Forced Air
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Lot Features: Landscaped; Level; Private
Owner Pays: Sewer; Trash Collection; Water
Parking Features: None
Patio And Porch Features: Porch
Possession: At Closing
Roof: Rubber
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Gas; Heat; Water Meter
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Key; Lockbox; Occupied; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Heat; Hot Water; Internet
Water Source: Public
Unit 1 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Unit 1 Owner Furnish Features: Maintenance Grounds; Sewer; Trash; Water
Unit 1 Dining Room Type: Formal Dining Room
Unit 1 Appliances: Range; Refrigerator
Unit 2 Owner Furnish Features: Maintenance Grounds; Sewer; Trash; Water
Unit 2 Includes: Bathroom; Dining Room; Dryer Hookup; Living Room; Refrigerator; Stove; Washer Hookup
Unit 2 Dining Room Type: Formal Dining Room
Unit 2 Appliances: Range; Refrigerator
IDX
Listing Courtesy of Coldwell Banker Prime Properties
Listing Agent: Lynette Tarrats
518-222-8336 | lynette@lynetterealestatepro.com
Source MLS Verified

Information deemed reliable but not guaranteed.

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