Welcome to 278-280 4th Street, a Six unit multi-family investment opportunity in the heart of Little Italy in Troy. This property features separate utilities for all units, making management simple and expenses easier to allocate. It is almost fully rented, offering immediate income potential and strong cash flow for investors seeking a stabilized asset.
The building includes a mix of 2 bed and 3 bed units, many of which have been recently renovated, reducing near term capital needs while enhancing tenant appeal.
Tenants also enjoy access to a shared backyard, providing outdoor space that adds to the property's desirability.
278-280 4th St is just half a block from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting.
As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below.
308 4th Street (3 Units)
276 3rd Street (5 Units)
Contingent - continue to show
Price cut: $49K (7/29)
$639,000
278-280 4th Street, Troy, NY 12180
14beds
5,121sqft
Multi Family, Apartment
Built in 1890
-- sqft lot
$-- Zestimate®
$125/sqft
$-- HOA
What's special
Shared backyard
- 154 days
- 221
- 11
Zillow last checked:
Listing updated:
Listed by:
Lincoln House Realty 518-469-6238,
Cristhian Astorga 518-443-9701,
John Alund 518-469-6238,
Lincoln House Realty
Source: Global MLS,MLS#: 202614113
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Electric, Natural Gas
Cooling
- Window Unit(s)
Features
- Flooring: Vinyl, Tile, Carpet
- Basement: Exterior Entry,Full,Unfinished,Walk-Out Access
Interior area
- Total structure area: 5,121
- Total interior livable area: 5,121 sqft
- Finished area above ground: 5,121
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: None
Features
- Exterior features: Garden
- Fencing: Back Yard,Fenced
Lot
- Size: 3,484 Square Feet
- Features: Level, Landscaped, Cleared
Details
- Additional structures: Shed(s)
- Parcel number: 381700 101.77928.1
- Zoning description: Multi Residence
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s), Carbon Monoxide Detector(s)
- Subdivision: Little Italy
HOA
- Has HOA: No
Location
- Region: Troy
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $308,200
- Annual tax amount: $7,000
- Date on market: 3/30/2026
- Tenant pays: Hot Water, Heat, Internet, Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
$2,125/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Pending sale | $639,000$125/sqft |
Source: | ||
| 7/29/2026 | Price change | $639,000-7.1%$125/sqft |
Source: | ||
| 3/30/2026 | Listed for sale | $688,000+205.8%$134/sqft |
Source: | ||
| 9/9/2025 | Listed for rent | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 12/21/2022 | Sold | $225,000-1.7%$44/sqft |
Source: | ||
| 8/11/2016 | Sold | $229,000+37.8%$45/sqft |
Source: Public Record Report a problem | ||
| 8/15/1994 | Sold | $166,240$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $180,000 |
| 2024 | -- | $180,000 |
| 2023 | -- | $180,000 |
| 2022 | -- | $180,000 |
| 2021 | -- | $180,000 |
| 2020 | -- | $180,000 |
| 2019 | -- | $180,000 |
| 2018 | -- | $180,000 |
| 2017 | $7,410 | $180,000 |
| 2016 | -- | $180,000 |
| 2015 | -- | $180,000 |
| 2014 | -- | $180,000 +900% |
| 2012 | -- | $18,000 |
| 2011 | -- | $18,000 |
| 2010 | -- | -- |
| 2009 | -- | $18,000 |
| 2008 | -- | $18,000 |
| 2007 | -- | $18,000 |
| 2006 | -- | $18,000 |
| 2005 | -- | $18,000 |
| 2004 | -- | $18,000 |
| 2003 | -- | $18,000 |
| 2002 | -- | $18,000 -33.3% |
| 2001 | -- | $27,000 |
| 2000 | -- | $27,000 |
Find assessor info on the county website





