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Four-Unit Residential Property

388 1st Street, Troy, NY 12180

For Sale
$245,000

Residential Income, Troy, NY

Property SizeContact for details
Days on Market10

Property Features for 388 1st Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement
Parking features On Street
Interior features First Floor Full Bath
Basement Unfinished
Elementary school Carroll Hill School
Middle school Troy Middle School
High school Troy High School
Elementary school district Troy
Middle school district Troy
High school district Troy
Standard status Active

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 2833

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Multi Units
Water source Public

Building Details

Year built 1920
Number of units 4
Building materials Aluminum Siding, Frame
Buildings 1
Listing Agency: Keller Williams Rlty Landmark · Keller Williams Realty
Listed By: Winston Williams GRI SFR · License NY #10301220256
Added: Nov 1 Changed: Nov 8 Last Checked: Nov 10 at 5:06AM
MLS# 1069658

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This four-unit residential property at 388 1st Street in Troy was built in 1920. The building has aluminum siding over a frame structure, natural-gas heating, multiple cooling units, and a first-floor full bath. A basement is also included. Water and sewer service are public, and parking is on street.

The property is near downtown Troy, the Hudson River waterfront, Rensselaer Polytechnic Institute, and Russell Sage College. Restaurants, shopping, and neighborhood amenities are in the surrounding area, with connections to Albany, Watervliet, and nearby communities.

Key Highlights

  • Four residential units at 388 1st Street in Troy
  • Built in 1920
  • Aluminum siding and frame construction

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

379
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Quadplexes in Rensselaer County, NY

$127 Jul
$127 Aug
$108 Sep
$96.77 Oct

Properties on Market for Quadplexes in Rensselaer County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - A Troy multifamily property with natural-gas heat and access to nearby colleges and downtown amenities.
Where is this quadplex located?
The property is located at 388 1st Street Troy, NY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Four residential units at 388 1st Street in Troy; Built in 1920; Aluminum siding and frame construction
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