$419,900
Troy, NY 12180
MLS# 202629217
4 beds

1 / 20
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.
Details
Maps
Documents
Contract Information
Status: Active
Property Sub Type: Triplex
Original List Price: 419900
List Price: $419,900
Current Price: $419,900
Listing Contract Date: 2026-10-29
List Price/SqFt: 154.38
Location
Street Number: 278
Street Name: River
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12180
City/Town (Mail): Troy
Geo Lat: 42.73202
Geo Lon: -73.690825
Property Detail
Rooms Total: 7
Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: 1
Year Built: 1890
Above Grade Finished Area: 2720
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: See Remarks
Living Area: 2720
Fireplaces Total: 2
Lot Size Dimensions: 37.4X42.2
Lot Size Acres: 0.02
Waterfront Y/N: No
Water Body Name: Hudson River
Enhanced Accessible Y/N: No
Parking Y/N: No
Financial Details
General Taxes: 4472.02
General Taxes Description: Estimated
School Taxes: 3929.86
School Taxes Description: Estimated
Bath Levels
Full Bath 1: 3rd
Full Bath 2: 2nd
Half Bath 1: 1st
Photos - the contractual owner of the photos
Photo Owner: Broker
Separate Utilities
Number Of Separate Electric Meters: 3
Number Of Separate Water Meters: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Occupant Type MF Unit 1: Vacant
Total Rooms MF Unit 1: 1
Total Half Baths MF Unit 1: 1
Unit 1 Detail
Occupant Type Unit 1: Vacant
Total Rooms Unit 1: 1
Total Half Baths: 1
Partial Baths 1st Floor: 1
Other Rooms 1st Floor: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Occupant Type MF Unit 2: Vacant
Monthly Rent MF Unit 2: 2900
Rent Desc. MF Unit 2: Estimated
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Detail
Rent: 2900
Occupant Type Unit 2: Vacant
Kitchen Unit 2: Working Only
Total Bedrooms: 2
Bedrooms on 2nd Floor: 2
Total Full Baths: 1
Full Baths 2nd Floor: 1
Living Rooms 2nd Floor: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3
Occupant Type MF Unit 3: Vacant
Monthly Rent MF Unit 3: 2900
Rent Desc. MF Unit 3: Estimated
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Rent: 2900
Rent Description Unit 3: Estimated
Total Rooms Unit 3: 3
Total Bedrooms: 2
Bedrooms on 3rd Floor: 2
Total Full Baths: 1
Full Baths 3rd Floor: 1
Living Rooms 3rd Floor: 1
Status Change Info
Status Change Date: 2026-10-29
Property Features
Architectural Style: Other
Attic Features: Storage
Basement: Full; Interior Entry; Sump Pump
Construction Materials: Brick
Cooling: None
Exterior Features: None
Fencing: None
Fireplace Features: Bedroom; Full Bathroom; Gas
Flooring: Carpet; Tile
Heating: Forced Air; Natural Gas
Levels: Tri-Level
Lot Features: Road Frontage
Possession: At Closing
Roof: Flat
Separate Utilities: Electric; Heat; Water Meter
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Standard
Utilities: Cable Connected
Property Condition: Fixer
View: Downtown; River
Water Source: Public
Unit 1 Includes: Half Bath; Other
Unit 1 Owner Furnish Features: Electricity; Hot Water
Unit 1 Dining Room Type: None
Unit 2 Owner Furnish Features: Electricity; Water
Unit 2 Includes: Bathroom; Living Room
Unit 2 Dining Room Type: Combined DR/LR
Unit 3 Owner Furnish Features: Electricity; Water
Unit 3 Includes: Kitchen; Refrigerator
Unit 3 Dining Room Type: Combined DR/LR
Listing Courtesy of KW Platform
Listing Agent: Scott P Varley
518-281-6808 | scottvarley@kw.com
518-281-6808 | scottvarley@kw.com


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