2205-2207 15th St Troy, NY 12180

This exceptional mixed-use property in Troy, NY, presents a compelling investment opportunity with a 7% cap rate and an asking price of $300,000. Situated on a 0.09-acre lot at 2205-2207 15th Street, this property boasts a prime downtown location, just across from the New York State South Mall and within a one-block walk of Rensselaer Polytechnic Institute (RPI). The building comprises three residential units—a studio basement apartment, a three-bedroom unit, and a two-bedroom unit—all currently fully occupied, generating consistent rental income. In addition to the residential units, a commercial restaurant space is located next door, adding to the property's diverse income streams. The current owner covers all utilities (water, gas, and electricity). This location offers unparalleled convenience, with proximity to RPI, Russell Sage College, and Hudson Valley Community College (a 12-minute drive). It's also ideally situated in Troy's vibrant retail and entertainment district, providing easy access to major transportation routes including Routes 7, 87 (Northway), 787, and the NYS Thruway (I-90). This turnkey investment is perfect for both seasoned investors and owner-occupiers seeking a high-return property in a thriving urban setting. The property's strong tenant occupancy and desirable location make it an attractive and stable investment.