Troy Homes under $200,000

Welcome to Troy, New York—a vibrant city nestled in the heart of Rensselaer County, where rich history meets modern living. Known for its stunning Victorian architecture and a thriving arts scene, Troy offers a unique blend of charm and urban convenience. With a population that embraces diversity and a community spirit that welcomes all, this city is an ideal place to call home.

One of the standout features of Troy is its affordability, especially for first-time homebuyers and those looking to invest in real estate. Homes under $200,000 are plentiful, providing an excellent opportunity to enter the housing market without breaking the bank. From quaint single-family homes to cozy townhouses, Troy’s real estate offerings cater to a variety of lifestyles and preferences. Imagine settling down in a charming neighborhood with tree-lined streets, just a stone's throw away from local shops, cafes, and parks.

The city is also home to a plethora of amenities, including farmers' markets, art galleries, and an array of restaurants that celebrate both local and international cuisine. Outdoor enthusiasts will appreciate the nearby Hudson River waterfront, which offers scenic views and recreational activities.

Living in Troy means being part of a community that values history, culture, and connection. Whether you are looking to buy your first home or seeking an investment property, Troy presents a welcoming environment with homes that fit your budget. Explore the possibilities in this enchanting city and discover why so many are choosing to make Troy their home sweet home!

Newest Troy Homes under $200,000

$199,900

4 Beds ⋅ 3 Baths ⋅ 202627497 MLS

Three-unit multi-family property located steps from RPI, perfect for owner occupied or investment. The upper units feature commanding/beautiful views of downtown Troy and beyond, hardwood floors throughout, in unit washer/dryer, separate circuit breaker panels, electric and gas meters, separate gas-fired hot water tanks, and wall mounted, gas-fired boilers. Ground floor unit is a blank slate ready to be customized to taste. All appliances offered ''AS IS.'' Taxes are estimated and reflect a basic STAR exemption. Ground floor square footage not included in the total.

91 11th Street, Troy

$149,000

5 Beds ⋅ 3 Baths ⋅ 202627454 MLS

Bring your vision to this spacious 1863 built home filled with original character, including beautiful woodwork, hardwood floors, soaring ceilings, and a slate roof. In need of TLC, but the space, character and potential are unmatched. This is a rare opportunity to restore a home with more than 160 years of history and make it something truly special once again.

16 114th Street, Troy

$199,000

7 Beds ⋅ 2 Baths ⋅ 202627392 MLS

INVESTMENT OPPORTUNITY! Looking to add an income-producing property to your portfolio? 466 1st St offers a great opportunity with $2,800 in total monthly rental income and established, long-term tenants who would love to remain. Conveniently located directly across from a school, this property offers a desirable location for tenants and the stability of existing occupancy. Whether you're looking to expand your current portfolio or make your first investment, this property is worth a look!

466 1st Street, Troy

$199,900

3 Beds ⋅ 2 Baths ⋅ 202627159 MLS

Bring your vision and make this gem your own! Featuring a new roof and fantastic bones, this property offers an incredible opportunity for buyers looking to add personal touches and build quick equity. Tucked away on a peaceful, low-traffic street where you can enjoy true peace and privacy. Don't miss out on this incredible home

45 120th Street, Troy

$159,900

3 Beds ⋅ 2 Baths ⋅ 202627104 MLS

Opportunity awaits at 2209 12th Street! Conveniently located near RPI, Downtown Troy and just a short drive to Albany, this home offers a great combination of location, space and potential. Enjoy a large lot and a huge front porch with plenty of room to relax and entertain. Inside, the first-floor bedroom and dedicated first-floor laundry add flexibility and convenience. Whether you're an investor looking for a property in a desirable rental area or a buyer ready to add your own style and make this house your home, there's plenty to appreciate here. Bring your vision and take advantage of all this Troy property has to offer!

2209 12th Street, Troy

$195,000

2 Beds ⋅ 1 Baths ⋅ 202626677 MLS

OPEN HOUSE SUNDAY 9/27, 12:30 - 2:30PM. Desirable first-floor condo in the sought-after Highpointe community! Enjoy maintenance-free living with the HOA covering snow removal, lawn care, and garbage. This unit features 2 bedrooms, 1 bathroom, newly installed kitchen flooring and updated carpeting throughout the rest of the home. Enjoy your morning coffee or unwind in the evening while taking in scenic pond views and the peaceful surroundings. Residents can take advantage of nearby ADA-accessible paved walking trails and tennis courts. Conveniently located just moments from local shops, dining, and major commuter routes.

513 Apex Lane, Troy

$185,000

7 Beds ⋅ 2 Baths ⋅ 202626448 MLS

Welcome to 727 Burden Ave Troy, a spacious two-family property offering an excellent opportunity for investors, owner-occupants, or those seeking flexible multi-generational living. 10.7% CAP RATE with a reported market range of 13.3% to 18.5%. The first-floor unit offers 3 bedrooms, 2 full bathrooms, two living rooms, and an additional room suitable for an office, storage, or flex space. The second-floor unit features 4 bedrooms and 2 living rooms, creating a generous layout for residents. Both units are currently rented, with reported combined rental income of $2,200 per month. Separate electric, gas, heat, water heater, and water utilities provide added convenience for tenants and ownership. The full basement adds valuable versatility with exterior access, finished and unfinished areas, a bathroom stub-in, and kitchen rough-in. The basement is not a separate apartment, and the property is zoned as a commercial two-family. The additional space offers potential for storage, workspace, recreation, or other permitted uses. Conveniently located in Troy's Capital Region, residents are near shopping, dining, recreation, education, and entertainment. Nearby destinations include Hudson River Commons, Hudson Valley Plaza, Prospect Park, Frear Park, and Riverfront Park. Downtown Troy offers restaurants, local shops, the Troy Waterfront Farmers Market, Troy Savings Bank Music Hall, and Hart Cluett Museum. Educational institutions including Rensselaer Polytechnic Institute, Hudson Valley Community College, and Russell Sage College add to the area's appeal. An opportunity to explore for investors seeking a spacious two-family property with established rental income, separate utilities, substantial basement space, and convenient access to all that Troy has to offer. Review the Income & Expense Sheet for additional financial information.

727 Burden Avenue, Troy

$185,000

3 Beds ⋅ 2 Baths ⋅ 202626269 MLS

Fully Occupied Duplex - Sold As-Is. This two-family property features a 1BD/1BA first-floor apartment and a 2BD/1BA second-floor apartment. Both units are currently occupied and leased month-to-month, providing immediate rental income. The first-floor unit rents for $975/month, while the second-floor unit rents for $850/month. Showings are limited to the first floor initially and must be scheduled after 6:00 PM due to the tenant's work schedule. Offers will be considered contingent upon the buyer having an opportunity to view both units. Property is being sold strictly AS-IS.

9 106th Street, Troy

$125,000

4 Beds ⋅ 2 Baths ⋅ 202626113 MLS

Priced to sell! Welcome to 3064 6th Ave in Troy! Offering 4 bedrooms, 1.5 bathrooms, and approximately 1,600 sq ft. The heart of the home is the completely remodeled kitchen, featuring granite countertops, newer cabinetry, stainless steel appliances, abundant storage, and a large peninsula with breakfast bar seating. The open layout between the kitchen, dining, and living areas creates a comfortable flow for everyday living and entertaining. The kitchen was completely remodeled with new cabinetry, granite countertops, appliances, and vinyl flooring. Step outside to a fully fenced backyard situated on a .06-acre lot. An above ground pool and patio area provide a great space for summer entertaining. Additional updates include an approximately 8 year old roof, 3 year old furnace, and a newer water heater, giving buyers the benefit of several major improvements already being addressed. Located in the Troy City School District and close to everything Troy has to offer, this home provides plenty of space to make your own. Schedule your showing today!

3064 6th Avenue, Troy

$125,000

3 Beds ⋅ 2 Baths ⋅ 202626057 MLS

Vacant Troy Duplex with Exceptionally Low Taxes! This two-family property offers plenty of potential for an investor or owner-occupant. The first floor needs work, while the second floor is in much better condition and features updated carpeting. Enjoy a shaded front yard, privacy fence, and large open backyard -- a great amount of outdoor space for a Troy property. The seller has also recently added new support beams in the basement to provide additional support to the existing structure; see photos for details. Property taxes are an incredible under $1,500 annually, an unusually low tax burden for a Troy duplex. Bring your vision and unlock the potential!

329 1st Street, Troy

$150,000

3 Beds ⋅ 2 Baths ⋅ 202626047 MLS

Bring your creativity to this charming 3-bedroom, 1.5-bath Troy home! Enjoy a fenced-in backyard, a detached garage, and plenty of extra storage in the attic and basement. The first floor layout offers a large open dining area and kitchen as well as living room.The second floor offers 3 bedrooms with walkup attic as well as a back porch leading down to the backyard. Located in the heart of Troy, this home offers convenient access to the city's shops, restaurants, parks, and everyday amenities. Full of potential and ready for your personal touch, this home is waiting for you to make it your own.

322 1st Street, Troy

$199,777

3 Beds ⋅ 1 Baths ⋅ 202625744 MLS

Welcome to the Cottage in the city! Discover affordable living in the heart of Troy's desirable Albia neighborhood. While located on Pawling Avenue, this charming home is tucked away on a private lane for added tranquility. The main level features an inviting open floor plan encompassing the living room, kitchen, and dining area, along with a convenient first-floor bedroom, full bath, and laundry/pantry space. Upstairs, you will find a spacious bedroom and an additional nursery, den, or third bedroom. Notable updates include a newer natural gas furnace, an updated electrical panel, fresh flooring, select new windows, a replaced water service line, and a new grinder pump. Step outside to enjoy a large, private front porch and a fully fenced yard. A must-see for those seeking value and comfort!

612 Pawling Avenue, Troy

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