1 Lincoln Avenue, Troy, NY 12180

Building Details

Year Built

1890

Listing office KW Platform

Listing date Jun 2, 2026

Source Signatureonerealtygroup

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Overview

This turnkey three-unit mixed-use property is configured as two residential apartments plus a third unit that can be used for commercial space, an office, or a studio, subject to MU1 zoning. The apartments have been extensively updated with renovated kitchens and bathrooms, new LVP flooring, new doors, and fresh paint throughout. The exterior has also been freshly painted, supporting straightforward ongoing maintenance.

The property is located at 1 Lincoln Avenue in Troy, New York and is presented as a MU1 zoning investment opportunity. Current information indicates one bedroom unit is rented for $1,000 per month, while the other two units are vacant.

For investors or owner-occupants looking for flexibility, the layout supports either an income-focused residential hold with a controllable third unit, or combining live/work uses by occupying the flexible commercial/office portion. With updates already completed across the units and exterior, this offering is positioned as a ready-to-operate option, with the note that closing cannot occur until November 2026 due to the seller’s financing commitments.

Suggested Use

Law Firm Real Estate Agency Dental Office Hair Salon Nail Salon Pharmacy Spa & Massage Center Accounting Firm Electronics & Wireless Store Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Troy

County

Albany

State

New York

Longitude

-73.6942236

Latitude

42.7130441

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FAQs

What type of property is this?

Triplex - Three updated units with two residential apartments and one flexible commercial/office space.

Where is this triplex located?

The property is located at 1 Lincoln Avenue Troy, NY.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 1890‑built three‑unit mixed‑use property with MU1 zoning in Troy; Two residential apartments plus one flexible unit for commercial, office, or studio use; Updates include renovated kitchens and bathrooms, new LVP flooring, new doors, and fresh paint throughout