240 4th Street, Troy, NY 12180

• 6 beds |
• 2 baths |
• 2,024 sqft

Property Description

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!

Listing Status:

Pending

Date Added:

May 23, 2026

Data Last Updated:

July 5, 2026 at 6:37AM

Listing Office:

KW Platform : 518-724-5800

Listing Agent:

Heather Hamlin Martin : 518-308-8986

MLS ID:

202617906

Interior

• Laundry: In Basement
• Basement: Full
• A/C: None
• Heating: Hot WaterSpace Heater

Exterior

• General: None
• Style: Traditional

Construction

• Roofing: Asphalt
• General: Brick

Location

• Originating MLS: Global MLS
• School District: Troy
• County: Rensselaer

Lot

• Zoning: 381700 101.69-17-11

Utilities

• Utilities: Cable AvailableCircuit Breakers
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS