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Listed by Nirisa Adams • Monticello

$ 325,000

Est. payment -/mo

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New

11 Elm Street Troy, NY 12180

4 Beds

3 Baths

1,897 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,897 sqft

Price per Sqft $171

MLS Listing ID 202615256

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1910

Annual Tax Amount $4,485

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Triplex

Source Global MLS

Property Description

Turnkey 3-family opportunity in Troy with nearly $100K in capital improvements already completed, offering a strong combination of income potential and long-term stability. This legally permitted three-unit property generates approximately $3,100+/month including on-site laundry, in a market where rental demand remains strong.
Extensive upgrades between 2019-2026 include two new boilers, three separate hot water tanks, a fully replaced main sewer line, updated electrical with separate metering, and upgraded plumbing throughout. The exterior has also been significantly improved with a new roof, siding, and structural repairs, helping to minimize future maintenance concerns and enhance overall durability. Inside, two of the three units have been thoughtfully renovated. The first-floor 2-bedroom features a fully updated kitchen, refreshed bath, and modern finishes, while the studio offers new heating, lighting, and a refreshed interior. Additional property-wide improvements include durable LVP flooring, updated doors and windows, and enhanced safety features.
With separated utilities, efficient operations, and proximity to Hudson Valley Community College and major employers, the property is well-positioned for consistent occupancy. Whether you're an investor seeking solid returns or an owner-occupant looking to offset your mortgage, this is a compelling opportunity to step into a well-maintained, income-producing asset in one of Troy's steadily evolving neighborhoods. Ample street parking is readily available. A smart, low-maintenance investment with solid income potential- ready for its next owner!

Location

State NY

County Rensselaer

Direction From Menands Bridge. First right onto Elm.

Interior

Interior Features High Speed Internet

Heating Baseboard, Natural Gas

Flooring Vinyl, Laminate

Exterior

Exterior Feature None

Utilities Available Cable Available

Roof Type Other,Flat

Building

Lot Description Cleared, Corner Lot

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Troy

Others

Tax ID 381700 111.84-3-36

Special Listing Condition Standard

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+1(518) 882-6236

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