539 Congress St, Troy, NY 12180
539 Congress St, Troy, NY 12180
539 Congress St, Troy, NY 12180
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Hal Blake

Hal Blake

+1(718) 608-4892
$475,000
Est. payment /mo
9 Beds
3 Baths
3,366 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status pending

Purchase Type For Sale

Square Footage 3,366 sqft

Price per Sqft $141

MLS Listing ID 11943498

Bedrooms 9

Full Baths 3

Year Built 1920

Annual Tax Amount $6,067

Property Description

539 Congress Street is a fully leased, by-the-bedroom student rental on The Hill in Troy, a 2-minute walk to RPI Campus Commons. All nine furnished bedrooms are leased for the 2026-27 academic year at $5,690/month ($68,280/year) across nine individual leases, meaning day-one cash flow. At the $475,000 ask, the property trades at a 10.0% in-place cap rate ($52,778 per bed), a 7.0x GRM, and a 1.76x DSCR at 75% leverage with a 15.4% cash-on-cash return. The building itself is a beautiful brick building with 3 units - one 1-bedroom, and two 4-bedroom units. The units have hardwood floors, come fully furnished, and the common space in the backyard is a great amenity. Listing agent has an ownership interest. Buyer is encouraged to perform their own inspections.

Location

State NY

County 36083

Rooms

Dining Room 0

Kitchen 0

Interior

Furnishings 1

Building

Story 3

Sewer Municipal

Water Municipal

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Hal Blake
Hal Blake

Broker License ID: 10491210994

+1(718) 608-4892

1110 South Ave, Staten Island, NY 10314-3403, USA

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