556 2nd Street, Troy, NY 12180

• 4 beds |
• 2 baths |
• 1,754 sqft

Property Description

Turnkey investment opportunity in the heart of Troy! This multifamily property features major capital improvements already completed by the owner, including a NEW roof and boilers, offering peace of mind & reduced future expenses. Each unit is ideal for renters, featuring spacious floor plans, dishwasher, and in-unit laundry - all highly desirable amenities that enhance everyday living and rental appeal. Total monthly rental income can exceed $2,500 for the building. Both units are currently vacant, offering flexibility for owner occupants or the option to place screened tenants. Conveniently located with easy access to downtown Troy, RPI, shops, restaurants, & major highways. With strong rental demand, solid mechanical updates, and immediate income potential, this is a smart addition to any portfolio. Don't miss the opportunity to own a cash flowing property with minimal expenses & the heavy lifting already done. Property sold as is!

Listing Status:

Active

Date Added:

February 2, 2026

Data Last Updated:

February 14, 2026 at 7:37AM

Listing Office:

Coldwell Banker Prime Properties : 518-427-9000

Listing Agent:

Brianna Huynh : 518-925-3431

MLS ID:

202611380

Interior

• General: Built-in Features
• Laundry: Washer HookupMain LevelUpper LevelElectric Dryer Hookup
• Basement: UnfinishedFullInterior Entry
• Flooring: TileVinyl
• A/C: None
• Heating: BaseboardForced Air
• Fireplace: Fireplaces: 0

Exterior

• General: None
• Style: Traditional
• Parking: None

Construction

• Roofing: Flat
• General: Vinyl Siding

Location

• HOA Amenities: Sewer
• Originating MLS: Global MLS
• School District: Troy
• County: Rensselaer

Lot

• Zoning: Multi Residence381700 111.52-8-19
• Fencing: Back YardChain Link

Utilities

• Utilities: Circuit Breakers
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS