Furnished Triplex Near
For Sale
Contact for pricing
539 Congress St, Troy, NY 12180
Fully leased student housing with furnished bedrooms, hardwood floors, and shared backyard space.
Property SizeContact for details
Days on Market9
Property Features for 539 Congress St
General Information
Standard status
Active
Property subtype
Mixed Use
Occupancy
100%
Financials
Asking Price
$475,000
Cap Rate
10%
Gross Income
$68,280
Gross Rent Multiplier
7
Units
Unit Mix
1 x 1BR, 2 x 4BR
Multifamily Units
3
Additional Details
Furnished
Yes
Amenities
hardwood floors
common space in the backyard
Building Details
Year Built
1920
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
NB ELITE REALTY LLC
(844) 444-6237
Listed By:
Galen Faurot-Pigeon
Source:
Crexi
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 7:12PM
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 NB ELITE REALTY LLC
Investment Insights
Based on property information with market context.
This 1920 brick triplex contains one one-bedroom unit and two four-bedroom units, creating nine furnished bedrooms across three apartments. Each unit features hardwood flooring, while the property also offers shared backyard space. The building is operated as by-the-bedroom student housing with individual leases for each bedroom.
The property is located at 539 Congress Street in Troy’s Hill area, approximately a two-minute walk from RPI Campus Commons. All nine bedrooms are leased for the 2026–27 academic year. Reported operating metrics include a 10.0% in-place cap rate, 7.0x GRM, 1.76x DSCR at 75% leverage, and 15.4% cash-on-cash return.
The property is located at 539 Congress Street in Troy’s Hill area, approximately a two-minute walk from RPI Campus Commons. All nine bedrooms are leased for the 2026–27 academic year. Reported operating metrics include a 10.0% in-place cap rate, 7.0x GRM, 1.76x DSCR at 75% leverage, and 15.4% cash-on-cash return.
Key Highlights
- Three‑unit brick building with one 1‑bedroom and two 4‑bedroom apartments
- Nine furnished bedrooms leased individually for the 2026‑27 academic year
- Approximately a 2‑minute walk to RPI Campus Commons
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased student housing with furnished bedrooms, hardwood floors, and shared backyard space.
Where is this triplex located?
The property is located at 539 Congress St Troy, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit brick building with one 1‑bedroom and two 4‑bedroom apartments; Nine furnished bedrooms leased individually for the 2026‑27 academic year; Approximately a 2‑minute walk to RPI Campus Commons
