Troy Homes under $200,000

Welcome to Troy, New York – a city where history meets modern living! Nestled in Rensselaer County, Troy is renowned for its vibrant community, rich cultural heritage, and scenic landscapes. One of the standout features of this charming city is its exceptional school district, which is dedicated to providing students with a well-rounded education and a supportive environment.

The Troy City School District is committed to academic excellence, offering a diverse range of programs that cater to the needs of every student. With a focus on innovative teaching methods, dedicated educators, and a variety of extracurricular activities, students are encouraged to explore their interests and develop their talents. Parents will appreciate the district's emphasis on community involvement, fostering a strong partnership between schools and families.

For those looking to call Troy home, the housing market offers an array of options, including charming homes under $200,000. Whether you’re a first-time homebuyer, a growing family, or someone seeking to downsize, Troy has something for everyone. You’ll find a delightful mix of historic homes, cozy bungalows, and modern townhouses, all nestled within a welcoming community atmosphere.

Living in Troy means enjoying not only affordable housing but also access to beautiful parks, local shops, and a thriving downtown area filled with restaurants and cultural events. With its rich history and a promising future, Troy is an ideal place to plant your roots. Come discover your perfect home in this dynamic city, where great schools and affordable living meet!

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

$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

$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

$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

$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

$189,900

3 Beds ⋅ 1 Baths ⋅ 202625059 MLS

**A True Hidden Gem on Troy's East Side!** Discover the space, convenience, and outdoor appeal of **16 Billings Ave.**, ideally situated on Troy's East Side, just minutes from the restaurants, shops, entertainment, and everyday conveniences of Main Street. Step inside to a bright and functional open-concept layout designed for comfortable everyday living and easy entertaining. The home has been refreshed with **brand-new Pergo flooring throughout, along with new flooring in the kitchen**, giving the interior a clean, modern feel from room to room. The kitchen offers a fresh, updated space that flows seamlessly into the main living areas. Outside, the property truly stands out. Enjoy a **private backyard, spacious deck, and walkout basement**, creating multiple opportunities for outdoor gatherings, entertaining, relaxing, or simply enjoying your own private space. With an abundance of living space, thoughtful updates, and a location close to everything Troy has to offer, **16 Billings Ave. is an opportunity you won't want to miss.**

16 Billings Avenue, Troy

$90,000

3 Beds ⋅ 1 Baths ⋅ 202623078 MLS

Fixer upper ready for renovation or redevelopment. Assignment Listing.

743 River Street, Troy

$123,900

3 Beds ⋅ 2 Baths ⋅ 202622749 MLS

This Troy two-family property is an excellent opportunity for investors seeking a cash-flowing rental or owner-occupants looking to offset their mortgage with rental income. One unit is currently vacant, providing the flexibility to move in or secure a new tenant while the second unit generates income. With its two-unit layout and strong potential, 7 Winnie Ave offers an attractive opportunity to build equity and add a solid investment to your portfolio.

7 Winnie Avenue, Troy

$137,500

2 Beds ⋅ 2 Baths ⋅ 202622687 MLS

Heart of Troy. Don't miss this incredible opportunity to own a beautifully renovated home in central Troy for less than the cost of renting! QUALIFIES FOR MAJOR GRANT UNDER TROY'S FIRST TIME BUYER'S HOMEOWNER ASSISTANCE PLAN. UP TO $30,000 AVAILABLE This move-in-ready property has been completely rehabbed from top to bottom, featuring a brand-new roof, new siding, new kitchen, new floor and two fully updated bathrooms. Inside, you'll find 2 spacious bedrooms plus a versatile loft--perfect for a home office, guest space, or playroom. The bright, modern kitchen offers stylish finishes and plenty of cabinet space, while the updated bathrooms provide contemporary comfort. Whether you're a first-time homebuyer or looking to downsize, this affordable home offers low-maintenance living with all the major updates already completed. Conveniently located near downtown Troy, shopping, restaurants, schools, and major highways. Why rent when you can own? Schedule your showing today and make this beautifully renovated home yours!

3034 7th Avenue, Troy

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