Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.
Active
$4,250,000
2920 5th Avenue, Troy, NY 12180
--beds
0baths
25,519sqft
Multi Family, Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
Oversized windowsOn-site parkingStainless steel appliancesSpacious loft-style residencesOriginal hardwood flooringGranite countertopsIn-unit laundry
- 3 days |
- 323 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Realty One Group Key 518-630-5360,
Ryan Mortka 518-534-3714,
Alexander D Buell 518-376-3338,
Property Pro Realty Group Inc.
Source: Global MLS,MLS#: 202621635
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric, Heat Pump, Other
Cooling
- Wall Unit(s), Other
Features
- Other, High Speed Internet, Built-in Features
- Basement: Finished,Full
Interior area
- Total structure area: 25,519
- Total interior livable area: 25,519 sqft
- Finished area above ground: 25,519
- Finished area below ground: 10,665
Video & virtual tour
Property
Parking
- Total spaces: 30
- Parking features: Off Street, Paved
Features
- Has view: Yes
- View description: City
Lot
- Size: 0.62 Acres
- Features: Level
Details
- Parcel number: 381700 90.7071
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Block, Brick
- Roof: Other,Flat
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Security System Owned
HOA
- Has HOA: No
Location
- Region: Troy
Financial & listing details
- Price per square foot: $167/sqft
- Annual tax amount: $16,762
- Date on market: 7/13/2026
- Tenant pays: Other, Heat, Internet, Cable TV, Central Air, Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Listed for sale | $4,250,000$167/sqft |
Source:  Global MLS #202621635 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: North Central
Nearby schools
GreatSchools rating
- 1/10Ps 2Grades: PK-5Distance: 0.3 mi
- 4/10Troy Middle SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Troy High SchoolGrades: 9-12Distance: 1.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
