556 2nd St

1,754 Sq. Ft.
$120 / Sq. Ft.
1,754
Sq. Ft.
$120
per Sq. Ft.

Description

Turnkey investment opportunity in the heart of Troy! This multifamily property features major capital improvements already completed by the owner, including a NEW roof and boilers, offering peace of mind & reduced future expenses. Each unit is ideal for renters, featuring spacious floor plans, dishwasher, and in-unit laundry - all highly desirable amenities that enhance everyday living and rental appeal. Total monthly rental income can exceed $2,500 for the building. Both units are currently vacant,...Turnkey investment opportunity in the heart of Troy! This multifamily property features major capital improvements already completed by the owner, including a NEW roof and boilers, offering peace of mind & reduced future expenses. Each unit is ideal for renters, featuring spacious floor plans, dishwasher, and in-unit laundry - all highly desirable amenities that enhance everyday living and rental appeal. Total monthly rental income can exceed $2,500 for the building. Both units are currently vacant, offering flexibility for owner occupants or the option to place screened tenants. Conveniently located with easy access to downtown Troy, RPI, shops, restaurants, & major highways. With strong rental demand, solid mechanical updates, and immediate income potential, this is a smart addition to any portfolio. Don't miss the opportunity to own a cash flowing property with minimal expenses & the heavy lifting already done. Property sold as is!
  1. Listed by Brianna Huynh • Coldwell Banker Prime Properties
    P: (518)-925-3431 C: (518)-925-3431 brianna.huynh@coldwellbankerprime.com

Property Details for 556 2nd Street

Architectural Style
Traditional
Zoning
Multi Residence
Waterfront
No
LISTING UPDATED: 02/02/2026 10:32 AM

Property Details for 556 2nd Street

StatusActive
MLS #202611380
Days on Market7
Taxes$3,200 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1890
Lot Size0.06 AC / 2,613 SF
CountyRensselaer County

Location

Listing Courtesy of Coldwell Banker Prime Properties
Add your commute

Building Information for 556 2nd Street

Stories-Residences2Year Built1890Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$1,290 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,024

Property Taxes

$267

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 556 2nd Street

Summary
Location and General Information
  • Postal City: Troy
  • Directions: Take exit 7E from 787, continue onto Burden Ave for about 0.5 mile. Merge left to 1st St, then continue onto 2nd St. House will be on your right shortly after.
  • City: Troy
  • State Or Province: NY
  • Postal Code: 12180
  • County Or Parish: Rensselaer
  • Latitude: 42.71
  • Longitude: -73.70
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 19.000
  • Tax Block: 8
  • Parcel Number: 381700 111.52-8-19
  • Tax Tract: 111.52
  • Tax Annual Amount: $3,200.00
Parking
  • GarageSpaces: .00
  • Attached Garage: No
  • Parking Features: None
School Information
  • School District: Troy
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Lot Features: Level, Cleared
  • Year Built: 1890
  • Above Grade Finished Area: 1754.0
  • Above Grade Finished Area Source: CRS
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: CRS
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Units: Acres
  • Lot Size Square Feet: 2613.6
Building Information
  • Living Area: 1754.0
  • Duplex Type : Up And Down: Yes
Utilities
  • Water Source: Public
  • Separate Utilities : Gas: Yes
  • Separate Utilities : Heat: Yes
  • Separate Utilities : Number Of Separate Electric Meters: 2
  • Separate Utilities : Number Of Separate Gas Meters: 2
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
  • Fencing: Back Yard, Chain Link
  • Laundry Features: Electric Dryer Hookup, Main Level, Upper Level, Washer Hookup
Interior Features
  • Interior Features: Built-in Features
  • Heating: Baseboard, Forced Air, Natural Gas
  • Roof: Flat
  • Flooring: Vinyl, Tile
  • Electric: Circuit Breakers
  • Basement: Full, Interior Entry, Unfinished
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Cooling: No
  • Heating: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Attic Features : No Attic Access: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 2
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Notational: 2.00
  • Bedrooms Total: 4
  • Bathrooms Full: 2
  • Bathrooms Half: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 2
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dining Room: Yes
  • Unit Includes : Dishwasher: 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 2
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Dining Room: Yes
  • Unit Includes : Dishwasher: Yes
  • Unit Includes : Dryer Hookup: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Storage: Yes
  • Unit Includes : Washer Hookup: Yes
  • Unit Detail : Total Bedrooms: 2
Rental
Rental Information
  • Tenant Pays: Hot Water, Heat, Internet, Electricity, Gas
  • Owner Pays: Trash Collection, Sewer, Snow Removal, Water, Garage Fees

Property History for 556 2nd Street

DateEvent & SourcePriceAppreciation
Jan 31, 2026

Listed (Active)

GLOBAL MLS #202611380

$210,000—
Jan 16, 2024

Sold (Public Record)

Public Record #1526466224

$135,000

+43.8% / yr

Jan 16, 2024

Sold

GLOBAL MLS #202327723

$135,000—
Nov 6, 2023

Pending

GLOBAL MLS #202327723

—
Nov 3, 2023

Listed (Active)

GLOBAL MLS #202327723

$119,900—
Nov 21, 2022

Withdrawn

GLOBAL MLS #202225052

—
Aug 18, 2022

Price Change

GLOBAL MLS #202225052

$145,000—
Aug 18, 2022

Listed (Active)

GLOBAL MLS #202225052

$134,900—
Jan 1, 2021

Expired

GLOBAL MLS #201936084

—
Dec 10, 2019

Listed (Active)

GLOBAL MLS #201936084

$129,000—
Apr 5, 2016

Sold (Public Record)

Public Record #570322328

$8,000—
Apr 5, 2016

Sold

GLOBAL MLS #201505707

$8,000—
Mar 4, 2016

Pending

GLOBAL MLS #201505707

—
Apr 3, 2015

Listed (Active)

GLOBAL MLS #201505707

$19,900—
DateEvent & SourcePrice
01/31/2026

Listed (Active)

GLOBAL MLS #202611380

$210,000
01/16/2024

Sold (Public Record)

Public Record #1526466224

$135,000

+43.8% / yr

01/16/2024

Sold

GLOBAL MLS #202327723

$135,000
11/06/2023

Pending

GLOBAL MLS #202327723

—
11/03/2023

Listed (Active)

GLOBAL MLS #202327723

$119,900
11/21/2022

Withdrawn

GLOBAL MLS #202225052

—
08/18/2022

Price Change

GLOBAL MLS #202225052

$145,000
08/18/2022

Listed (Active)

GLOBAL MLS #202225052

$134,900
01/01/2021

Expired

GLOBAL MLS #201936084

—
12/10/2019

Listed (Active)

GLOBAL MLS #201936084

$129,000
04/05/2016

Sold (Public Record)

Public Record #570322328

$8,000
04/05/2016

Sold

GLOBAL MLS #201505707

$8,000
03/04/2016

Pending

GLOBAL MLS #201505707

—
04/03/2015

Listed (Active)

GLOBAL MLS #201505707

$19,900

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

Public Records for 556 2nd Street

Taxable ValueLand$8,400Additions$51,600Total$60,000
Home Facts
Baths2Total Finished SqFt1,754 SqFtAbove Grade Finished SqFt1,754 SqFtStories2Lot Size2,614 SqFtStyleDuplexYear Built1890ZoningMFCountyRENSSELAERAPN381700 111.52-8-19

Schools near 556 2nd Street

This home is within Troy City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Carroll Hill School
PublicK to 5

Troy Middle School
Public6 to 8

Troy 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.

Similar Homes

Similar Sold Homes

556 2nd Street is a multi-family home for sale in Troy, NY 12180. This property was listed for sale on January 31, 2026 by Coldwell Banker Prime Properties, it's currently listed at $210,000. It has been on the market for a total of 7 days and was last sold on January 16, 2024. This listing's school district is Troy City School District. Nearby schools include Carroll Hill School, Troy Middle School and Troy High School. 556 2nd Street is a 4-bed, 2-bath, 1,754 sqft multi-family home built in 1890.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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.

Listing Courtesy of Coldwell Banker Prime Properties

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