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  • $688,000

    278-280 4th Street, Troy, NY 12180

    14beds
    5,121sqft
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    Multi Family, Apartment
    Built in 1890
    -- sqft lot
    $-- Zestimate®
    $134/sqft
    $-- HOA

    What's special

    Shared backyard
    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)
    108 days
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    305
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    13
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    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#: 202614113MLS Logo

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      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: $134/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

        $2,460/mo

        Price history

        DateEventPrice
        3/30/2026Listed for sale$688,000+205.8%$134/sqft
        Source: Global MLS #202614113 Report a problem
        9/9/2025Listed for rent$1,000
        Source: Zillow Rentals Report a problem
        12/21/2022Sold$225,000-1.7%$44/sqft
        Source: Global MLS #202231500 Report a problem
        8/11/2016Sold$229,000+37.8%$45/sqft
        Source: Public Record Report a problem
        8/15/1994Sold$166,240$32/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Estimated monthly payment$1,822
        All 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 Central

        Getting around

        79 / 100
        Very Walkable
        50 / 100
        Good Transit
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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