Troy Homes under $200,000

Welcome to Troy, New York, a vibrant city nestled in Rensselaer County, known for its rich history, stunning architecture, and a community spirit that welcomes everyone. One of the standout features of Troy is its exceptional school district, which is dedicated to fostering a nurturing learning environment for students of all ages. The Troy City School District prides itself on its commitment to academic excellence, innovative programs, and a diverse curriculum that prepares students for success in a rapidly changing world. With dedicated teachers and a range of extracurricular activities, families can feel confident that their children are receiving a well-rounded education.

For those looking to make Troy their home, you'll be delighted to discover a variety of charming residences available for under $200,000. This affordability opens the door to homeownership for many, allowing you to invest in a community that boasts both historical charm and modern conveniences. From cozy single-family homes to quaint townhouses, there’s something for everyone in this budget-friendly market.

Living in Troy means enjoying the benefits of a close-knit community while being just a short drive from the bustling capital of Albany. With beautiful parks, local cafes, and cultural events throughout the year, Troy offers a lifestyle that balances tranquility with activity. Whether you’re a first-time homebuyer or looking to downsize, Troy’s real estate market provides an ideal opportunity to plant your roots in a city that values education, community, and quality of life. Discover your next home in Troy today!

Newest Troy Homes under $200,000

$199,000

5 Beds ⋅ 2 Baths ⋅ 202629335 MLS

Bring your vision and make this one your own! Located in the Town of Brunswick, this 5-bedroom, 2-full-bath home offers over 1,600 sq. ft. of living space and tons of potential for its next owner. Enjoy a front porch, off-street parking, and a convenient location within walking distance to Frear Park and the golf course. With plenty of space and opportunity to add your own style and updates, this could be the perfect project for an owner-occupant, investor, or renovator. Property is in need of updating and repairs and is being sold AS-IS. This is zoned as a two family but was currently being used as a single family. Convert it back into a multi-family for rental income possibilities of $3,000 month. Bring your imagination, roll up your sleeves, and transform this property into something special! Convenient access to eateries, main roadways and less than 20 mins to Albany. Resident access to the Town Brunswick Beach.

7 Putnam Street, Brunswick

$199,000

3 Beds ⋅ 2 Baths ⋅ 202629022 MLS

Opportunity knocks in Troy! This 3-bedroom, 2-bath single-family home offers solid bones, key updates, and room to add value. Inside you'll find hardwood floors, recessed lighting, and a renovated full bath with tile flooring, a tiled tub surround, and a white shaker vanity. The walkout lower level adds flexible living space with a dedicated laundry room, utility sink, and a separate mechanical room featuring a newer Carrier gas boiler with hot-water baseboard heat and circuit breaker electric. Outside, the property has vinyl siding, an architectural shingle roof, a private backyard with a fenced area and fire pit, and mature trees for seasonal color. The home needs some cosmetic updating and lower-level attention, making it ideal for investors, first-time buyers looking to build equity, or anyone wanting to put their own finishing touches on a home. Convenient to Pawling Ave shopping, downtown Troy, RPI, and major commuter routes. Being sold AS-IS. Bring your vision and make it shine!

193 Ford Avenue, Troy

$189,000

3 Beds ⋅ 1 Baths ⋅ 202628867 MLS

- Situated on a quiet dead-end street, this well-maintained three-bedroom brick home offers comfort, convenience, and plenty of potential! Perfect for first-time homebuyers or investors looking to expand their rental portfolio. Conveniently located near shopping, dining, Hudson Valley Community College, and major highways, offering easy access to everything the area has to offer. Don't miss this great opportunity—schedule your private showing today!

10 Van Every Avenue, Troy

$185,000

4 Beds ⋅ 2 Baths ⋅ 202628490 MLS

Move right in to this charming single family home situated on the Poesten Kill and in the heart of Troy's Little Italy neighborhood. This 4 bedroom, 1.5 bath home has been well maintained and has a history of strong stewardship and is ready for some cosmetic upgrades. Features include tin ceiling, hardwood floors, 2nd floor laundry and great light. Walkable to downtown shops and restaurants, close to HVCC, Rensselaer Tech Park, Hudson Mohawk bike trail, CDTA route and all that Troy has to offer. Kitty corner from the home is a community garden. Property is in a flood zone and you can fish right from your backyard!

118 Ida Street, Troy

$169,500

4 Beds ⋅ 2 Baths ⋅ 202627909 MLS

Investors take note! A great add to your portfolio. Duplex in Troy with 4 BDR 2 Full Baths. Carport in back for off street parking. Fresh paint throughout, new flooring, siding and more! Minutes to downtown Troy with Riverfront activities, shopping, dining and major interstate highways.

7 Smith Avenue, 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

$109,900

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

$140,000

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

$189,777

3 Beds ⋅ 1 Baths ⋅ 202625744 MLS

Welcome to the Cottage in the City! Discover affordable living in Troy's desirable Albia neighborhood. Located on Pawling Avenue yet tucked away on a private lane, this charming home offers a wonderful blend of convenience, comfort, and privacy. The main level features an inviting open floor plan connecting the living room, kitchen, and dining area, along with a convenient first-floor bedroom, full bathroom, and laundry/pantry area. Upstairs, you'll find a spacious bedroom plus the third bedroom or additional room perfect for a nursery, den, home office. Numerous updates add to the home's appeal, including 1st floor down to the studs renovation, with new insulation, 5/8" fire rated sheet rock, a newer natural gas furnace, updated electrical panel, fresh flooring, select replacement windows, a new water service line, and a new grinder pump. Outside, enjoy the large, private front porch and fully fenced yard, offering space to relax, entertain, or enjoy the outdoors. Whether you're a first-time homebuyer, looking to downsize, or searching for an affordable alternative to renting, this charming city cottage is full of potential. Conveniently located near local amenities, this is a wonderful opportunity to own a home in Troy's desirable Albia neighborhood. Don't miss it!

612 Pawling Avenue, Troy

$188,000

6 Beds ⋅ 2 Baths ⋅ 202625401 MLS

Here's a chance to own a piece of Troy history. Built in 1885, this classic brick two-family at 893 River St offers 2,632 square feet with a practical layout investors and owner-occupants both love: each floor has 3 bedrooms and 1 bath, so you can live in one unit and rent the other, or hold both as rentals in a city where rental demand stays strong. The second floor has a new furnace, and the first floor comes with a long-term tenant already in place at $865/month — income from day one for an investor, or move into the second floor yourself and let the first floor help carry the mortgage. At $188,000 this is an affordable entry into Troy's historic housing stock — 19th-century character, a North Central location minutes from downtown, and a price point that leaves room to improve and build equity. Why Troy: Troy is a Hudson River city with one of the most intact Victorian downtowns in the country — its cast-iron River Street architecture is often compared to SoHo, and its streets regularly double as a movie set. Saturday mornings bring the year-round Troy Waterfront Farmers Market to River Street, and the calendar fills out with the River Street Festival, Rockin' on the River summer concerts, Troy Night Out on the last Friday of each month, and the Victorian Stroll in December. The Troy Savings Bank Music Hall anchors the arts scene, and galleries, cafes, and restaurants line downtown's walkable core. For everyday life, you're in the Capital Region: RPI and Hudson Valley Community College nearby, Albany's employers and the Albany-Rensselaer Amtrak station just across the river, and Prospect Park's Hudson views a short trip away.

893 River Street, Troy

$109,900

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

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Troy Homes under $200,000

Newest Troy Homes under $200,000

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