Turnkey 3-family opportunity in Troy with nearly $100K in capital improvements already completed, offering a strong combination of income potential and long-term stability. This legally permitted three-unit property generates approximately $3,100+/month including on-site laundry, in a market where rental demand remains strong.
Extensive upgrades between 2019-2026 include two new boilers, three separate hot water tanks, a fully replaced main sewer line, updated electrical with separate metering, and upgraded plumbing throughout. The exterior has also been significantly improved with a new roof, siding, and structural repairs, helping to minimize future maintenance concerns and enhance overall durability. Inside, two of the three units have been thoughtfully renovated. The first-floor 2-bedroom features a fully updated kitchen, refreshed bath, and modern finishes, while the studio offers new heating, lighting, and a refreshed interior. Additional property-wide improvements include durable LVP flooring, updated doors and windows, and enhanced safety features.
With separated utilities, efficient operations, and proximity to Hudson Valley Community College and major employers, the property is well-positioned for consistent occupancy. Whether you're an investor seeking solid returns or an owner-occupant looking to offset your mortgage, this is a compelling opportunity to step into a well-maintained, income-producing asset in one of Troy's steadily evolving neighborhoods. Ample street parking is readily available. A smart, low-maintenance investment with solid income potential- ready for its next owner!
Pending
Price cut: $10.1K (6/10)
$299,900
11 Elm Street, Troy, NY 12180
4beds
1,897sqft
Triplex, Multi Family
Built in 1910
-- sqft lot
$294,600 Zestimate®
$158/sqft
$-- HOA
What's special
Modern finishesNew roofAmple street parkingNew heatingUpdated doors and windowsDurable lvp flooringFully updated kitchen
- 31 days |
- 798 |
- 39 |
Zillow last checked:
Listing updated:
Listed by:
Monticello 518-423-1916,
Nirisa Adams 518-526-3440
Source: Global MLS,MLS#: 202615256
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Natural Gas
Cooling
- None
Appliances
- Laundry: Common Area, Laundry Room, Main Level
Features
- High Speed Internet
- Flooring: Vinyl, Laminate
- Basement: Other
Interior area
- Total structure area: 1,897
- Total interior livable area: 1,897 sqft
- Finished area above ground: 1,897
- Finished area below ground: 0
Property
Features
- Exterior features: None
Lot
- Size: 3,049 Square Feet
- Features: Cleared, Corner Lot
Details
- Parcel number: 381700 111.84336
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Other,Flat
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Troy
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $169,500
- Annual tax amount: $4,485
- Date on market: 6/10/2026
- Tenant pays: Hot Water, Heat, Electricity, Gas
Estimated market value
Zestimate®
$294,600
Estimated sales range
$280,000 - $309,000
Rent Zestimate®
$1,655/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Pending sale | $299,900$158/sqft |
Source: | ||
| 6/10/2026 | Price change | $299,900-3.3%$158/sqft |
Source: | ||
| 6/5/2026 | Pending sale | $310,000$163/sqft |
Source: | ||
| 5/20/2026 | Price change | $310,000-4.6%$163/sqft |
Source: | ||
| 4/17/2026 | Listed for sale | $325,000+209.5%$171/sqft |
Source: | ||
| 4/1/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/16/2023 | Price change | $750-6.3% |
Source: Zillow Rentals Report a problem | ||
| 3/5/2023 | Price change | $800-5.9% |
Source: Zillow Rentals Report a problem | ||
| 2/23/2023 | Listed for rent | $850+17.2% |
Source: Zillow Rentals Report a problem | ||
| 9/1/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/18/2021 | Price change | $725-6.5% |
Source: Zillow Rental Manager Report a problem | ||
| 8/12/2021 | Price change | $775-6.1% |
Source: Zillow Rental Manager Report a problem | ||
| 8/6/2021 | Listed for rent | $825 |
Source: Zillow Rental Manager Report a problem | ||
| 11/7/2018 | Sold | $105,000-11.8%$55/sqft |
Source: | ||
| 9/30/2018 | Pending sale | $119,000$63/sqft |
Source: Berkshire Hathaway Blake #201823605 Report a problem | ||
| 8/17/2018 | Price change | $119,000-7.8%$63/sqft |
Source: Berkshire Hathaway Blake #201823605 Report a problem | ||
| 7/4/2018 | Listed for sale | $129,000+30.9%$68/sqft |
Source: Berkshire Hathaway Blake #201823605 Report a problem | ||
| 8/27/2009 | Sold | $98,580-12.7%$52/sqft |
Source: | ||
| 6/2/2009 | Listed for sale | $112,900+1029%$60/sqft |
Source: Realty USA #28122568 Report a problem | ||
| 10/21/2005 | Sold | $10,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $99,000 |
| 2024 | -- | $99,000 |
| 2023 | -- | $99,000 |
| 2022 | -- | $99,000 |
| 2021 | -- | $99,000 |
| 2020 | -- | $99,000 |
| 2019 | -- | $99,000 |
| 2018 | -- | $99,000 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: South Troy
Nearby schools
GreatSchools rating
- 5/10Ps 16Grades: PK-5Distance: 1.9 mi
- 4/10Troy Middle SchoolGrades: 6-8Distance: 2.3 mi
- 4/10Troy High SchoolGrades: 9-12Distance: 2.3 mi
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- New York
- Rensselaer County
- Troy
- 12180
- South Troy
- 11 Elm Street