2920 5th Avenue
Troy, NY 12180
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Bed
0
Bath
25,519Sqft
0.62Acre(Lot)
Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes Basement: Finished, Full -
Roofing Information
Other, Flat -
Interior Features
Other, High Speed Internet, Built-in Features Roof: Other, Flat -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Electric, Heat Pump, Other Has Cooling: Yes Cooling: Wall Unit(s), Other
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Building Information
Year Built: 1920 Construction Materials: Block, Brick Private Pool: No View: City
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Lot Information
Lot Dimensions: 123X180 Main Square Feet: 0.62 Acres Lot Size Acres: 0.62 Lot Size Square Feet: 27007.2 Lot Description: Level
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Listing Price Information
Listing Price: $4250000
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Tax Information
Parcel Number: 381700 90.70-7-1 Tax Lot: 1.000 Tax Block: 7 Annual Tax: $16762
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Parking Information
Parking Total: 30 Off Street, Paved
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Utility Information
Cable Available, Sewer Connected -
Location Information
Direction: GPS - School One Lofts Troy NY WaterSource: Public Security Features: Security System Owned
How much is this property worth?
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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 |
| 36 Central Avenue, Troy, NY, 12180 | $389,900 | 4 | 4 | 2,324 | 2,324 SqFt |
| 27 Excelsior Avenue, Troy, NY, 12180 | $309,000 | 6 | 2 | 2,248 | 2,248 SqFt |
| 516 Pawling Avenue, Troy, NY, 12180 | $265,000 | 6 | 2 | 3,175 | 3,175 SqFt |
| 303 Spring Avenue, Troy, NY, 12180 | $390,000 | 6 | 2 | 2,690 | 2,690 SqFt |
| 190 Spring Avenue, Troy, NY, 12180 | $329,900 | 4 | 2 | 2,276 | 2,276 SqFt |
| 338 Taylor Court, Troy, NY, 12180 | $360,000 | 6 | 2 | 2,810 | 2,810 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 |
| 2209 16th Street, Troy, NY, 12180 | $750,000 | 8 | 7 | 3,384 | 3,384 SqFt |
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ByOwner last updated this listing 07/18/2026 @ 14:16
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