580 1st Avenue

Troy, NY 12182

$465,000
Price
10
Beds
5
Baths
5,704 Sq. Ft.
$82 / Sq. Ft.
5,704
Sq. Ft.
$82
per Sq. Ft.
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Basesment
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Park

Description

Exceptional investment or owner-occupied opportunity with a 10.2% cap rate! This historic 4-unit property with Hudson River views, circa 1707, is the oldest structure in Lansingburgh, known as ''The Old House''. Timeless charm abounds with coffered ceilings, original woodwork, and custom millwork. Each unit includes washer/dryer hookups and separate gas furnaces (2010). Highlights include the 1,600 sq ft Unit 2N with 4 beds, 2 baths, and sunlit living room, and Unit 1, the original library, with...Exceptional investment or owner-occupied opportunity with a 10.2% cap rate! This historic 4-unit property with Hudson River views, circa 1707, is the oldest structure in Lansingburgh, known as ''The Old House''. Timeless charm abounds with coffered ceilings, original woodwork, and custom millwork. Each unit includes washer/dryer hookups and separate gas furnaces (2010). Highlights include the 1,600 sq ft Unit 2N with 4 beds, 2 baths, and sunlit living room, and Unit 1, the original library, with coffered ceilings and a marble fireplace. Unit 2S boasts a renovated kitchen, living room, and unique ''Beehive construction'' upstairs. Situated on a double lot with an 8-ft block wall and Siena Gate, this is a rare historical gem!
  1. Listed by Marion DeSantis • KW Platform

Property Details for 580 1st Avenue

Waterfront Features
Lake/River Across Rd
View
River
Body of Water Name
Hudson River
Zoning
Multi Residence
Waterfront
Yes
LISTING UPDATED: 12/11/2024 12:50 PM

Property Details for 580 1st Avenue

StatusActive
MLS #202430334
Days on Market12
Taxes$8,410 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Quadruplex
Year Built1770
Lot Size0.27 AC / 11,761 SF
CountyRensselaer County

Building Information for 580 1st Avenue

Stories-Residences-Year Built1770Building Size-Lot Size0.27 AC / 11,761 SF

Property Information for 580 1st Avenue

Summary
Location and General Information
  • Postal City: Troy
  • Directions: 116th Street to 1st Ave
  • City: Troy
  • State Or Province: NY
  • Postal Code: 12182
  • County Or Parish: Rensselaer
  • Latitude: 42.78
  • Longitude: -73.68
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 381700 80.55-2-14
  • Tax Annual Amount: $8,410.00
Parking
  • GarageSpaces: .00
School Information
  • School District: Lansingburgh
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Lot Features: Level, Views
  • Year Built: 1770
  • Above Grade Finished Area: 5704.0
  • Above Grade Finished Area Source: CRS
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: CRS
  • Lot Size Acres: 0.27
  • Lot Size Area: 0.27
  • Lot Size Units: Acres
  • Lot Size Square Feet: 11761.2
Building Information
  • Living Area: 5704.0
Utilities
  • Water Source: Public
  • Separate Utilities : Gas: Yes
  • Separate Utilities : Heat: Yes
  • Separate Utilities : Water Heater: Yes
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Porch, Deck, Front Porch
  • Exterior Features: None
  • Fencing: Block, Gate
  • Laundry Features: Laundry Closet, Laundry Room
Interior Features
  • Interior Features: Built-in Features, Crown Molding
  • Heating: Hot Water, Natural Gas
  • Roof: Asphalt
  • Flooring: Tile, Wood
  • Basement: Unfinished
  • Construction Materials: Brick
  • Heating: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 5
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Notational: 5.00
  • Bedrooms Total: 10
  • Bathrooms Full: 5
  • Bathrooms Half: 0
Multi Family
Income & Expenses Information
  • Electric Expense: $25.00
  • Insurance Expense: $354.00
  • Water Sewer Expense: $146.00
  • Income And Expenses : Rental Income: $5,715.00
  • Income And Expenses : Rental Income Description: Monthly
  • Income And Expenses : Electric Expense: $25.00
  • Income And Expenses : Electric Expense Description: Tenant
  • Income And Expenses : Insurance Expense: $354.00
  • Income And Expenses : Insurance Expense Description: Estimated
  • Income And Expenses : Water Sewer Expense: $146.00
  • Income And Expenses : Water Sewer Expense Desc: Estimated
  • Income And Expenses : Operating Expense: $1,739.00
  • Income And Expenses : Net Operating Income: $3,977.00
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 2
  • Unit Detail : Bedrooms on 1st Floor: 2
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 1st Floor: 1
  • Unit Detail : Kitchens 1st Floor: 1
  • Unit Detail : Living Rooms 1st Floor: 1
  • Unit Appliances : Dryer: Yes
  • Unit Appliances : Range: Yes
  • Unit Appliances : Washer: Yes
  • Unit Appliances : Refrigerator: Yes
  • Unit Amenities : Vaulted Ceiling(s): Yes
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Management: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Fireplace: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 2
  • Rent: $1,000.00
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Management: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dryer Hookup: Yes
  • Unit Includes : Fireplace: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
  • Unit Includes : Washer Hookup: Yes
  • Unit Detail : Total Bedrooms: 2
  • Unit Detail : Bedrooms on 1st Floor: 2
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 1st Floor: 1
  • Unit Detail : Kitchens 1st Floor: 1
  • Unit Detail : Living Rooms 1st Floor: 1
  • Unit Appliances : Dryer: Yes
  • Unit Appliances : Range: Yes
  • Unit Appliances : Washer: Yes
  • Unit Appliances : Refrigerator: Yes
Unit 3
  • Rent: $2,100.00
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Management: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dryer Hookup: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
  • Unit Includes : Washer Hookup: Yes
  • Unit Detail : Total Bedrooms: 4
  • Unit Detail : Bedrooms on 1st Floor: 2
  • Unit Detail : Bedrooms on 2nd Floor: 2
  • Unit Detail : Total Full Baths: 2
  • Unit Detail : Full Baths 2nd Floor: 2
  • Unit Detail : Kitchens 1st Floor: 1
  • Unit Detail : Living Rooms 1st Floor: 1
  • Unit Detail : Other Rooms 2nd Floor: 1
  • Unit Dining Room Type : Dining Area: Yes
  • Unit Dining Room Type : None: Yes
  • Unit Appliances : Dryer: Yes
  • Unit Appliances : Range: Yes
  • Unit Appliances : Washer: Yes
  • Unit Appliances : Refrigerator: Yes
Unit 4
  • Rent: $1,495.00
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Management: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dryer Hookup: Yes
  • Unit Includes : Fireplace: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
  • Unit Detail : Total Bedrooms: 3
  • Unit Detail : Bedrooms on 2nd Floor: 2
  • Unit Detail : Bedrooms on 3rd Floor: 1
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 2nd Floor: 1
  • Unit Detail : Kitchens 2nd Floor: 1
  • Unit Detail : Living Rooms 2nd Floor: 2
  • Unit Dining Room Type : Dining Area: Yes
  • Unit Dining Room Type : None: Yes
  • Unit Appliances : Dryer: Yes
  • Unit Appliances : Range: Yes
  • Unit Appliances : Washer: Yes
  • Unit Appliances : Refrigerator: Yes
  • Unit Amenities : Crown Molding: Yes
  • Unit Amenities : French Doors: Yes
Unit 5
  • Unit Includes : Washer Hookup: Yes
Rental
Rental Information
  • Tenant Pays: Heat, Electricity, Gas
  • Owner Pays: Trash Collection, Water

Property History for 580 1st Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 580 1st Avenue

Taxable ValueLand$14,000Additions$176,000Total$190,000
Home Facts
Baths5Total Finished SqFt5,704 SqFtAbove Grade Finished SqFt5,704 SqFtUnfinished Basement SqFt1,542 SqFtStories2Lot Size11,761 SqFtStyleMulti-Family Res (5+ Units)Year Built1890Year Renovated1970ZoningR1CountyRENSSELAERAPN381700 80.55-2-14

Schools near 580 1st Avenue

This home is within Lansingburgh Central School District.
Rating
School
Type
Grades
Distance
Turnpike Elementary School
Public - PK to 2
Rensselaer Park Elementary School
Public - 3 to 5
Knickerbacker Middle School
Public - 6 to 8
Lansingburgh Senior High School
Public - 9 to 12
Rating
School
Distance
Turnpike Elementary School
PublicPK to 2

Rensselaer Park Elementary School
Public3 to 5

Knickerbacker Middle School
Public6 to 8

Lansingburgh Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 580 1st Avenue, Troy, NY 12182

580 1st Avenue is a multi-family home for sale in Troy, NY 12182. This property was listed for sale on December 11, 2024 by KW Platform, it's currently listed at $465,000. It has been on the market for a total of 12 days and was last sold on July 1, 2010. This listing's school district is Lansingburgh Central School District. Nearby schools include Turnpike Elementary School, Rensselaer Park Elementary School and Knickerbacker Middle School. 580 1st Avenue is a 10-bed, 5-bath, 5,704 sqft multi-family home built in 1770.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of KW Platform

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