Active

11 Elm Street

Troy, NY 12180

$299,900 $1,264/Mo

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Overview

Bed

Bath

1,897

Sqft

0.07

Acre(Lot)

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-bed room 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!

Property Details

Property Type : Residential Income

Price : $299,900

AD Id : 77544747

MLS Id : 202615256

Beds : 4

Lot Size : 0.07 Acre

Living Area Size : 1,897

Year Built : 1910

County : Rensselaer

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Has Basement: Yes Basement: Other
Flooring Information

Vinyl, Laminate
Roofing Information

Other, Flat
Interior Features

High Speed Internet Roof: Other, Flat Laundry Features: Common Area, Laundry Room, Main Level
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Natural Gas Cooling: None

Building Information

Year Built: 1910 Construction Materials: Vinyl Siding Private Pool: No
Exterior Features

Exterior Features: None

Lot Information

Main Square Feet: 0.07 Acres Lot Size Acres: 0.07 Lot Size Square Feet: 3049.2 Lot Description: Cleared, Corner Lot

Listing Price Information

Listing Price: $299900 Original Price: $325000

Tax Information

Parcel Number: 381700 111.84-3-36 Tax Lot: 36.000 Tax Block: 3 Annual Tax: $4485.08

Utility Information

Cable Available, Sewer Connected
Location Information

Direction: From Menands Bridge. First right onto Elm. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
677 Pawling Avenue, Troy, NY, 12180	$375,000	8	3	4,326	4,326 SqFt
303 Spring Avenue, Troy, NY, 12180	$395,000	6	2	2,690	2,690 SqFt
78 Pinewoods Avenue, Troy, NY, 12180	$400,000	6	3	3,504	3,504 SqFt
190 Spring Avenue, Troy, NY, 12180	$339,900	4	2	2,276	2,276 SqFt
1830 E Highland Avenue, Troy, NY, 12180	$268,000	7	2	1,900	1,900 SqFt
1609 Highland Avenue, Troy, NY, 12180	$449,000	8	2	2,908	2,908 SqFt
23-25 Prospect Avenue, Troy, NY, 12180	$630,000	7	4	4,173	4,173 SqFt
49 Christie Street, Troy, NY, 12180	$350,000	5	2	2,376	2,376 SqFt
44 Spring Avenue, Troy, NY, 12180	$235,000	5	2	2,200	2,200 SqFt
169 Hoosick Street, Troy, NY, 12180	$334,900	6	2	2,688	2,688 SqFt

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ByOwner last updated this listing 06/15/2026 @ 22:21

MLS: 202615256 LISTED BY: Nirisa Adams, Monticello 518-423-1916 SOURCE: Global MLS