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Property at 278-280 4th Street, Troy, NY 12180
ACTIVE
0
$688,000

278-280 4th StreetTroy, NY, 12180

14 Beds6 Baths5,121 SqFt0.08 Acres
Welcome to 278-280 4th Street, a Six unit multi-family investment opportunity in the heart of Little Italy in Troy. This property features separate utilities for all units, making management simple and expenses easier to allocate. It is almost fully rented, offering immediate income potential and strong cash flow for investors seeking a stabilized asset. The building includes a mix of 2 bed and 3 bed units, many of which have been recently renovated, reducing near term capital needs while enhancing tenant appeal. Tenants also enjoy access to a shared backyard, providing outdoor space that adds to the property's desirability. 278-280 4th St is just half a block from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) 276 3rd Street (5 Units)
1 / 18

Est. Monthly

$3,261/MO

$688,000

278-280 4th Street, Troy, NY

14 Beds6 Baths5,121 SqFt0.08 Acres

Welcome to 278-280 4th Street, a Six unit multi-family investment opportunity in the heart of Little Italy in Troy. This property features separate utilities for all units, making management simple and expenses easier to allocate. It is almost fully rented, offering immediate income potential and strong cash flow for investors seeking a stabilized asset. The building includes a mix of 2 bed and 3 bed units, many of which have been recently renovated, reducing near term capital needs while enhancing tenant appeal. Tenants also enjoy access to a shared backyard, providing outdoor space that adds to the property's desirability. 278-280 4th St is just half a block from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) 276 3rd Street (5 Units)

StatusActive
Property TypeMulti Family
Property SubtypeMulti Family
Year Built1890
Days on Market60 days

Est. Monthly Payment

$3,261.10

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

278-280 4th Street

Troy, NY 12180 • Rensselaer
14
Beds
6
Baths
5,121
SqFt
0.08
Acres
Status
Active
Property Type
Multi Family
Property Subtype
Multi Family
Year Built
1890136 years ago
Days on Market
60 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $7,000
  • School Taxes
    $3,900
  • Town/County Taxes
    $3,100
Property History
  • Listed for sale
    Mar 30, 2026 • GLOBAL MLS • 202614113
    $688,000
Mortgage Calculator
Estimated monthly payment for this property
$3,261.10
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    Global MLS
  • MLS#
    202614113
  • Listing Office
    Lincoln House Realty
  • Last Updated
    53 days ago

Climate & Systems

  • Heating
    • Electric
    • Baseboard

Interior Features

  • Flooring
    • Carpet
    • Tile
    • Vinyl
  • Basement
    • Unfinished
    • Walk-Out Access
    • Full
    • Exterior Entry

Parking

  • Parking Features
    None

Lot & Grounds

  • Lot Size
    0.08 acres
  • Lot Features
    • Cleared
    • Landscaped
    • Level
  • Fencing
    • Fenced
    • Back Yard
  • Exterior Features
    Garden

Type

  • Property Type
    Multi Family
  • Property Subtype
    Multi Family
  • Architectural Style
    Apartment 4 Plus Unit

Structure

  • Construction
    Brick
  • Roof
    Rubber
  • Foundation
    Brick or Mortar

Condition

  • Year Built
    1890
  • Days on Market
    60 days
  • Water
    Public
  • Sewer
    Public Sewer

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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