240 4th Street, Troy, NY 12180, Troy

Live in the heart of Little Italy and right around the corner from Washington Park and take advantage of an opportunity that blends lifestyle and income potential. This well-maintained two-family property offers a proven rental history, a strong 9% cap rate and one open unit, making it appealing for investors and owner-occupants. Each unit features three spacious bedrooms, updated kitchens, and abundant natural light. Separate utilities provide efficiency and ease of management, while the basement laundry adds convenience for all residents.
If that’s not enough, the walk-up attic presents valuable unfinished space, ideal for a home office or studio. Enjoy a highly walkable location near Troy’s thriving downtown, with easy access to local shops, restaurants, HVCC, Rensselaer Tech Park, the Hudson Mohawk Bike Trail, and CDTA transit lines. Combined with low taxes, this property delivers both immediate returns and long-term potential. Schedule your showing today!