Troy Homes under $400,000

Welcome to Troy, New York – a hidden gem nestled in the heart of Rensselaer County. Known for its rich history, vibrant arts scene, and charming architecture, Troy offers a unique blend of urban and suburban living that appeals to families, professionals, and retirees alike. With its picturesque riverside views and a historic downtown area brimming with boutiques, cafes, and galleries, Troy is a city that truly captures the essence of community.

One of the most exciting aspects of living in Troy is the affordability of its real estate market. For those seeking a home under $400,000, Troy presents an array of options that cater to diverse lifestyles and preferences. From beautifully restored Victorian homes that echo the city’s storied past to modern townhouses equipped with contemporary amenities, there’s something for everyone. The housing market here is not only budget-friendly but also reflects the city’s commitment to maintaining its historical charm while embracing modern living.

Residents enjoy easy access to parks, recreational areas, and the scenic Hudson River, making it an ideal location for outdoor enthusiasts. The city’s robust cultural calendar, featuring farmers' markets, art festivals, and live music events, fosters a sense of belonging and community spirit.

Whether you’re looking to buy your first home, downsize, or invest in a rental property, Troy offers a welcoming environment where you can truly thrive. Discover the beauty and potential of Troy, NY – your perfect home awaits!

Newest Troy Homes under $400,000

$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

$208,000

4 Beds ⋅ 1 Baths ⋅ 202627301 MLS

OPEN HOUSE SATURDAY Oct. 3rd 11:00-1:00. Renovated from top to bottom, this move-in-ready home features 4 bedrooms, 1 full bath, modern finishes throughout, a beautiful yard perfect for relaxing or entertaining and 3 car garage. Don't miss your opportunity to own this turnkey home!

522 1st Avenue, Troy

$225,000

3 Beds ⋅ 2 Baths ⋅ 202627271 MLS

Welcome to 413 3rd St in Troy! This well-maintained two-family home offers a great opportunity for an owner-occupant or investor, with several important updates and desirable features. Recent and notable improvements include a new hot water tank, off-street parking, and washer/dryer. The first-floor unit features a newer stove, while the upstairs unit has a newer refrigerator. The home is also equipped with a Generac backup generator, approximately 10 years old, providing added peace of mind. The furnace has been consistently maintained, and the roof is approximately 15 years old. Enjoy additional outdoor space with a backyard garden, perfect for gardening, relaxing, or entertaining. The property is currently vacant, giving an owner-occupant or investor the flexibility to occupy one unit, rent both units, or make updates to suit their needs. Conveniently located close to everything Troy has to offer, including local shops, restaurants, schools, parks, downtown amenities, public transportation, and major roadways. With two-family versatility, off-street parking, laundry, a backyard garden, backup generator, and numerous maintenance updates, this property is ready for its next owner.

413 3rd Street, Troy

$319,000

7 Beds ⋅ 4 Baths ⋅ 202627260 MLS

This 3-unit, 3,194 sq ft multi-family offers a strong unit mix: a spacious 1st-floor 3BR/2BA plus two 2nd-floor 2BR/1BA apartments. Classic character throughout with hardwood floors Separate utilities, full basement with laundry hookups, off-street parking for 2 cars, back deck, patio, & shared yard. Close to downtown Troy, RPI, HVCC, shopping, dining, bus lines, and quick access to I-787.

130 5th Avenue, Troy

$219,900

3 Beds ⋅ 3 Baths ⋅ 202627222 MLS

Attention investors and flippers! Historic triplex in Troy's thriving downtown neighborhood, just steps from the riverfront, RPI, Russell Sage, restaurants, galleries, coffee shops, shopping, and the farmers market. Original character throughout includes a beautiful staircase, high ceilings, oversized windows, built-ins, parquet floors, and tile details. Private backyard. The current owners have stamped architectural plans and drawings, and the main sewer line to the street has been replaced with PVC. Additional work completed includes all demo and cleaning, new electric, and framing. A great opportunity to restore and add value to a downtown property with so much potential. Sold as-is. Cash or private financing only.

3 St Pauls Place, Troy

$224,900

5 Beds ⋅ 2 Baths ⋅ 202627209 MLS

This versatile two-family home in the heart of South Troy features a spacious 3-bedroom unit on the first floor and a 2-bedroom unit on the second floor, offering an ideal setup for an owner-occupant or an investor. 1st floor is currently vacant and the 2nd unit is rented for $1100/month. Conveniently located near everything downtown Troy has to offer! Schedule your showing today! More pics of the 2nd unit to come!

101 Madison 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

$325,000

3 Beds ⋅ 3 Baths ⋅ 202627083 MLS

Beautiful Cape Cod living in Troy's highly sought-after East Side! Built in 1991, this beautifully maintained 3-bedroom, 2.5-bathroom home perfectly blends a modern layout with everyday comfort. The main level features a bright, sun-drenched living space that offers an open, welcoming flow. Retreat upstairs to your private, spacious second-floor primary suite, complete with its own dedicated bath and excellent closet space. The living space expands downstairs into a fully finished basement featuring a wet bar and a convenient half bath--the ultimate setup for a media room, home office, or entertaining guests. Outside, enjoy a lovely yard perfect for relaxing or entertaining. Located in a quiet, established neighborhood just minutes from local parks, shopping, dining, and easy commuter routes. Don't miss the chance to make this East Side gem your own!

62 Desson Avenue, Troy

$239,000

5 Beds ⋅ 2 Baths ⋅ 202626980 MLS

Welcome to this spacious 5-bedroom, 1.5-bath home, thoughtfully updated and ready for its next owner! Featuring new flooring throughout, a brand-new kitchen, an updated bathroom, and new appliances, many of the major updates have already been completed for you. The generously sized bedrooms offer plenty of flexibility for family, guests, a home office, or additional living space. Outside, enjoy a large yard with ample room to entertain, relax, garden, or create your own outdoor oasis. With plenty of space and numerous updates already taken care of, this home offers a fantastic opportunity for anyone looking for comfort, convenience, and a move-in-ready property. Schedule your showing today--this one won't last long!

32 Lincoln Avenue, Troy

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