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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,650 sqft
Price per Sqft $273
MLS Listing ID 202625554
Bedrooms 11
Full Baths 4
HOA Y/N No
Year Built 1910
Annual Tax Amount $5,295
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Triplex
Source Global MLS
Property Description
Rare opportunity to own a beautifully maintained, high-quality student-housing investment in the RPI area. This impressive 11-bedroom, 4-bathroom property offers strong rental income, modern amenities, quality furnishings, and excellent tenant appeal.
The residence underwent a full renovation, including new electrical systems, new plumbing systems, new insulation, and new drywall throughout. These major infrastructure upgrades significantly reduce long-term operating costs, resulting in exceptionally low maintenance expenses--a major advantage for investors seeking stable, predictable cash flow.
The property includes three HVAC systems, on-demand hot water heaters, high-end furniture, stainless-steel appliances, three quartz kitchen countertops, ceramic-tiled bathrooms, and well-appointed living areas. The enclosed patio/entertainment room provides a comfortable year-round space for recreation and gatherings.
Outdoor amenities include an updated back deck and a green backyard for tenant enjoyment. Prospect Park is directly across the street, with a convenience store nearby.
Located within walking distance of RPI and Downtown Troy, the property offers easy access to campus, restaurants, shops, entertainment, and public amenities. It has a strong history of full occupancy, reflecting consistent demand for high-quality student housing.
Highlights
11 Bedrooms; 4 Bathrooms
Fully renovated: new electrical, plumbing, insulation, drywall
Extremely low maintenance expenses
Three HVAC systems; on-demand hot water heaters
High-end furniture; stainless-steel appliances; quartz countertops
Enclosed patio/entertainment room
Updated back deck; green backyard
Prospect Park across the street
Walking distance to RPI and Downtown Troy
Approx. $92K gross annual rental income
Strong history of full occupancy
Proof of income or financial qualification required before scheduling a showing.
Location
State NY
County Rensselaer
Zoning Multi Residence
Direction From I-87 in Latham, take NY-7 East toward Troy. Exit and turn right onto 8th Street, continue straight, then turn left onto Congress Street. Proceed to 277 Congress Street, Troy, NY 12180.
Interior
Interior Features Walk-In Closet(s)
Heating Forced Air, Natural Gas
Flooring Hardwood
Window Features Double Pane Windows,Blinds,Curtain Rods
Exterior
Parking Features Off Street, Driveway
Roof Type Flat
Porch Rear Porch, Covered, Deck, Enclosed
Building
Lot Description Wooded
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Troy
Others
Tax ID 381700 101.63-7-3
Special Listing Condition Standard
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Erin Steinbach
Lic. Associate R. E. Broker License ID: 10301217507
Lic. Associate R. E. Broker License ID: 10301217507