For sale

$475,000

539 Congress St, Troy, NY 12180

9beds

3,366sqft

Multi Family

Built in 1920

-- sqft lot

$456,700 Zestimate^®

$141/sqft

$-- HOA

What's special

Fully furnishedBeautiful brick buildingHardwood floors

539 Congress Street is a fully leased, by-the-bedroom student rental on The Hill in Troy, a 2-minute walk to RPI Campus Commons. All nine furnished bedrooms are leased for the 2026-27 academic year at $5,690/month ($68,280/year) across nine individual leases, meaning day-one cash flow. At the $475,000 ask, the property trades at a 10.0% in-place cap rate ($52,778 per bed), a 7.0x GRM, and a 1.76x DSCR at 75% leverage with a 15.4% cash-on-cash return. The building itself is a beautiful brick building with 3 units - one 1-bedroom, and two 4-bedroom units. The units have hardwood floors, come fully furnished, and the common space in the backyard is a great amenity. Listing agent has an ownership interest. Buyer is encouraged to perform their own inspections.

8 days
723
43

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 3
Full bathrooms: 3

Heating

Has Heating (Unspecified Type)

Appliances

Included: Oven

Features

Flooring: Hardwood
Has basement: No
Has fireplace: No
Furnished: Yes

Interior area

Total structure area: 3,366
Total interior livable area: 3,366 sqft
Finished area above ground: 3,366

Property

Features

Stories: 3
Frontage length: 0

Lot

Size: 7,840 Square Feet

Details

Parcel number: 000000101.0000003028.000
Lease amount: $0

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1920

Utilities & green energy

Electric: Amps(0)
Sewer: Municipal
Water: Municipal

Community & HOA

HOA

Has HOA: No

Location

Region: Troy

Financial & listing details

Price per square foot: $141/sqft
Tax assessed value: $215,800
Annual tax amount: $6,067
Date on market: 8/21/2026
Date available: 08/20/2026
Listing agreement: Exclusive

Estimated market value

$456,700

$434,000 - $480,000

$1,372/mo

Price history

Date	Event	Price
8/21/2026	Listed for sale	$475,000+31.9%$141/sqft
Source: NY State MLS #11943498 Report a problem
9/3/2024	Sold	$360,000$107/sqft
Source: Global MLS #202420934 Report a problem
7/16/2024	Pending sale	$360,000$107/sqft
Source: Global MLS #202420934 Report a problem
7/8/2024	Listed for sale	$360,000+71.4%$107/sqft
Source: Global MLS #202420934 Report a problem
10/22/2021	Sold	$210,000$62/sqft
Source: Global MLS #202121386 Report a problem
8/10/2021	Pending sale	$210,000$62/sqft
Source: Global MLS #202121386 Report a problem
6/17/2021	Listing removed	--
Source: Owner Report a problem
6/4/2021	Price change	$210,000-16%$62/sqft
Source: Owner Report a problem
5/31/2021	Listed for sale	$250,000+62400%$74/sqft
Source: Owner Report a problem
3/15/2010	Sold	$400-98.4%
Source: Public Record Report a problem
12/6/2002	Sold	$25,000-64.8%$7/sqft
Source: Public Record Report a problem
8/12/2002	Sold	$70,958+57.7%$21/sqft
Source: Public Record Report a problem
10/2/1997	Sold	$45,000$13/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$126,000
2024	--	$126,000
2023	--	$126,000
2022	--	$126,000 +55.6%
2021	--	$81,000
2020	--	$81,000
2019	--	$81,000
2018	--	$81,000
2017	$3,335	$81,000
2016	--	$81,000
2015	--	$81,000
2014	--	$81,000
2013	--	$81,000 +800%
2012	--	$9,000