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Brick Three-Family Investment
For Sale
$399,000

1040 5TH Avenue, Troy, NY 12180

Brick three-family property with multiple bedrooms per unit, high ceilings, replacement windows, and a covered patio.

Property Size4,278 SF
Price / SF$93.27
Days on Market203

Property Features for 1040 5TH Avenue

General Information

Standard status Active
Size 4,278 SF
Total Parking Spaces 2
Property subtype Multi-family

Additional Details

Multifamily Units 3

Amenities

covered patio
car charger

Building Details

Year Built 1880
Construction brick
Tenancy Multi
Listing Agency: RE/MAX Solutions
Listed By: Catherine A Graziano
Source: Signatureonerealtygroup
Added: Jan 25 Changed: Aug 16 Last Checked: Aug 16 at 9:57AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Solutions

Investment Insights

Based on property information with market context.

This brick three-family property was built in 1880 and is described as well maintained. The residence offers a total of 8 bedrooms across three units, along with two additional office spaces and three full bathrooms. Each unit features high ceilings and two decorative fireplaces, and many windows are newer replacement windows. A covered patio is located in the back yard, and there is a two-car garage with a door opener and a Siemens car charger. A brand-new roof is noted for 2026.

The property is offered for sale and presented as an investment opportunity or for owner-occupants seeking rental income.

Overall, the layout supports three separate residential units, with generous room sizes and office add-ons to complement the existing bedroom and bath configuration.

Key Highlights

  • Brick three‑family home built in 1880 with over 4,200 sq. ft. of living space
  • Total of 8 bedrooms plus 2 additional office spaces and three full bathrooms
  • Each unit features high ceilings and 2 decorative fireplaces

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Electrical Service Veterinary Clinic Butcher Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

583
Businesses Nearby

Demographics for 12180, NY

55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Brick three-family property with multiple bedrooms per unit, high ceilings, replacement windows, and a covered patio.
Where is this triplex located?
The property is located at 1040 5TH Avenue Troy, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Brick three‑family home built in 1880 with over 4,200 sq. ft. of living space; Total of 8 bedrooms plus 2 additional office spaces and three full bathrooms; Each unit features high ceilings and 2 decorative fireplaces
More about this property
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