Turnkey Student-Housing Investment Near RPI - Fully Renovated & Low Maintenance
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.
Active
$999,000
277 Congress Street, Troy, NY 12180
11beds
3,650sqft
Triplex, Multi Family
Built in 1910
-- sqft lot
$946,800 Zestimate®
$274/sqft
$-- HOA
What's special
Modern amenitiesOn-demand hot water heatersQuality furnishingsCeramic-tiled bathroomsHigh-end furnitureUpdated back deckGreen backyard
- 32 days
- 246
- 8
Zillow last checked:
Listing updated:
Listed by:
Capital Elite Realty Group LLC 518-776-8898,
Capital Elite Realty Team 518-776-8898
Source: Global MLS,MLS#: 202625554
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Laundry Closet, Laundry Room, Main Level, Upper Level, Washer Hookup
Features
- Walk-In Closet(s)
- Flooring: Hardwood
- Doors: ENERGY STAR Qualified Doors, French Doors
- Windows: Double Pane Windows, Blinds, Curtain Rods
- Basement: Bilco Doors,Crawl Space,Full,Pillar/Post/Pier,Sump Pump,Unfinished,Walk-Out Access
Interior area
- Total structure area: 3,650
- Total interior livable area: 3,650 sqft
- Finished area above ground: 3,650
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Driveway
- Has uncovered spaces: Yes
Features
- Patio & porch: Rear Porch, Covered, Deck, Enclosed
- Fencing: Back Yard,Partial
- Has view: Yes
- View description: Trees/Woods, Hills
Lot
- Size: 5,227 Square Feet
- Features: Wooded
Details
- Parcel number: 381700 101.6373
- Zoning description: Multi Residence
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Brick/Mortar, Stone, Slab
- Roof: Flat
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Troy
Financial & listing details
- Price per square foot: $274/sqft
- Tax assessed value: $184,900
- Annual tax amount: $5,295
- Date on market: 9/7/2026
Estimated market value
$946,800
$899,000 - $994,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/7/2026 | Listed for sale | $999,000+33.2%$274/sqft |
Source: | ||
| 6/9/2023 | Listing removed | -- |
Source: | ||
| 3/27/2023 | Price change | $749,999-3.2%$205/sqft |
Source: | ||
| 3/11/2023 | Listed for sale | $775,000+55%$212/sqft |
Source: | ||
| 4/14/2022 | Listing removed | -- |
Source: | ||
| 3/23/2022 | Pending sale | $499,999$137/sqft |
Source: | ||
| 3/3/2022 | Listed for sale | $499,999-25.9%$137/sqft |
Source: | ||
| 5/3/2021 | Listing removed | -- |
Source: | ||
| 1/22/2021 | Listed for sale | $675,000$185/sqft |
Source: | ||
| 1/11/2021 | Listing removed | -- |
Source: | ||
| 12/11/2020 | Price change | $675,000+4.7%$185/sqft |
Source: CAPITAL ELITE REALTY GROUP LLC #10941320 Report a problem | ||
| 11/28/2020 | Price change | $645,000-4.4%$177/sqft |
Source: CAPITAL ELITE REALTY GROUP LLC #10941320 Report a problem | ||
| 11/2/2020 | Price change | $675,000-3.3%$185/sqft |
Source: CAPITAL ELITE REALTY GROUP LLC #10941320 Report a problem | ||
| 9/29/2020 | Listed for sale | $698,000+2485.2%$191/sqft |
Source: CAPITAL ELITE REALTY GROUP LLC #10941320 Report a problem | ||
| 5/6/2013 | Sold | $27,000+35.7%$7/sqft |
Source: | ||
| 4/18/2013 | Price change | $19,900-49%$5/sqft |
Source: Copper Cove Realty #201314597 Report a problem | ||
| 4/8/2013 | Price change | $39,000-20.4%$11/sqft |
Source: Copper Cove Realty #201314597 Report a problem | ||
| 3/21/2013 | Listed for sale | $49,000$13/sqft |
Source: Copper Cove Realty #201314597 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $108,000 |
| 2024 | -- | $108,000 |
| 2023 | -- | $108,000 |
| 2022 | -- | $108,000 |
| 2021 | -- | $108,000 |
| 2020 | -- | $108,000 |
| 2019 | -- | $108,000 |
| 2018 | -- | $108,000 |
| 2017 | $4,568 | $108,000 |
| 2016 | -- | $108,000 |
| 2015 | -- | $108,000 |
| 2014 | -- | $108,000 |
| 2013 | -- | $108,000 +1023.8% |
| 2012 | -- | $9,610 |
| 2011 | -- | $9,610 |
| 2010 | -- | $9,610 |
| 2009 | -- | $9,610 |
| 2008 | -- | $9,610 |
| 2007 | -- | $9,610 |
| 2006 | -- | $9,610 |
| 2005 | -- | $9,610 |
| 2004 | -- | $9,610 |
| 2003 | -- | $9,610 |
| 2002 | -- | $9,610 |
| 2001 | -- | $9,610 |
| 2000 | -- | $9,610 |
Find assessor info on the county website






