150 4th Street, Troy, NY 12180

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Property Description

Excellent 14-unit, one-bedroom apartment building with ground-floor commercial space in the heart of Troy, offering strong in-place cash flow and the potential to achieve an 8.61%+ cap rate. This prime downtown location is walkable to local favorites like The Ruck and Manory's, and sits directly next door to Vicina Urban Flats by Rosenblum Companies, where one-bedroom apartments start at $1,792/month.The property is minutes from both Russell Sage College and Rensselaer Polytechnic Institute and is steps from a major bus line, making it highly attractive to tenants. The fully leased commercial storefronts are occupied by a laundromat and a hair salon, providing additional diversified income. A rare opportunity to own a well-located, mixed-use asset in one of the Capital Region's strongest rental markets.

150 4th Street | MLS# 202617079

This commercial property located at 150 4th Street, Troy, NY 12180 is currently listed for sale with an asking price of $2,200,000. 4th Street is located within the Troy school district. Search Troy real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Multiple
Cooling: None
Heating: Baseboard, Electric
Home Style: Commercial
Lot Size: 0.06 Acres
Roof Type: Flat
Stories: 4.0
Taxes: $16,959
Year Built: 1990

Feature Descriptions

Current Use: Laundromat, Mixed Use, Multi-Family, Retail
Exterior: Brick
Flooring: Vinyl, Carpet, Hardwood, Laminate
Lot Dimensions: .06 acres
Parcel #: 381700 101.61-7-20
Parking Total: 0
Sewer: Public Sewer
SQFT Building Total: 9142
Water: Public

Local Schools

School District: Troy

Demographics

Listed By / Shown By

Listing By

Agency Name: New Scotland Realty
Agency Phone: 1 518-964-2066

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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