Most investors will walk right past this one. Smart money won't.
4 residential units over two storefronts in Troy's newly designated historic district -- and they need real work, which is exactly where the money is. This isn't turnkey. It's a blank canvas for someone who builds equity instead of paying for it.
Already throwing off $3,600/month, with both storefronts untapped. Renovate the units, stabilize the commercial space, and the back-end tells a whole different story. Historic district means character, demand, and upside baked in.
The kicker: the seller wants to deal. Cash, owner financing, conventional -- all on the table. Seller-held paper on a value-add like this? Rare.
Done buying other people's equity? Let's create yours.
Active
$399,000
601-603 2nd Avenue, Troy, NY 12182
9beds
5,800sqft
Multi Family, Apartment
Built in 1911
-- sqft lot
$386,600 Zestimate®
$69/sqft
$-- HOA
What's special
- 20 days |
- 407 |
- 26 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Real Broker NY LLC 855-450-0442,
Saad Tai 518-348-9535
Source: Global MLS,MLS#: 202620680
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Space Heater, Natural Gas
Features
- Basement: Partial
Interior area
- Total structure area: 5,800
- Total interior livable area: 5,800 sqft
- Finished area above ground: 5,800
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Exterior features: None
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 381700 80.4758
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Brick
Condition
- Year built: 1911
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Troy
Financial & listing details
- Price per square foot: $69/sqft
- Tax assessed value: $291,100
- Annual tax amount: $5,740
- Date on market: 6/29/2026
Estimated market value
$386,600
$367,000 - $406,000
$1,593/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Listed for sale | $399,000+121.7%$69/sqft |
Source:  Global MLS #202620680 Report a problem | ||
| 2/2/2022 | Sold | $180,000+200%$31/sqft |
Source: Public Record Report a problem | ||
| 1/30/2009 | Sold | $60,000-40%$10/sqft |
Source: Global MLS #29100213 Report a problem | ||
| 1/3/2007 | Sold | $100,000+1150%$17/sqft |
Source: Public Record Report a problem | ||
| 3/30/2001 | Sold | $8,000$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $170,000 |
| 2024 | -- | $170,000 |
| 2023 | -- | $170,000 |
| 2022 | -- | $170,000 |
| 2021 | -- | $170,000 |
| 2020 | -- | $170,000 |
| 2019 | -- | $170,000 |
| 2018 | -- | $170,000 |
| 2017 | $10,380 | $170,000 |
| 2016 | -- | $170,000 |
| 2015 | -- | $170,000 |
| 2014 | -- | $170,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Lansingburgh
Nearby schools
GreatSchools rating
- 4/10Rensselaer Park Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Knickerbacker Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Lansingburgh Senior High SchoolGrades: 9-12Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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