Debra Smith
Licensed Real Estate Salesperson
REALTOR®
Margaretville, NY
Office: (845) 586-3321 (973) 479-6445
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2920 5th Avenue, Troy, NY 12180

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$4,250,000 Active
0 Beds 0 Baths 0 Partial Bath 25,519 Sq Ft 0.62 Acres
Days on Site 4 Year Built 1920 School Troy MLS #202621635
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Property Description

Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.

2920 5th Avenue | MLS# 202621635

This multi-family property located at 2920 5th Avenue, Troy, NY 12180 is currently listed for sale with an asking price of $4,250,000. 5th Avenue is located within the Troy school district. Search Troy real estate on debbie-smith.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full
Cooling: Wall Unit(s), Other
Heating: Baseboard, Electric, Heat Pump, Other
Home Style: Apartment 4 Plus Unit
Lot Size: 0.62 Acres
Roof Type: Other, Flat
Taxes: $16,762
Year Built: 1920

Feature Descriptions

Days on Site: 4
Exterior: Block, Brick
Interior: Other, High Speed Internet, Built-in Features
Lot: Level
Lot Dimensions: 123X180
Parcel #: 381700 90.70-7-1
Parking: Off Street, Paved
Parking Total: 30
Parking Total: 30
Security: yes
Security: Security System Owned
Sewer: Public Sewer
Special View Info: City
SQFT Above Grade Finished: 25519
SQFT Below Grade Finished: 10665
Utilities: Cable Available
Water: Public

Local Schools

School District: Troy
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2920 5th Avenue, Troy, NY 12180

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Estimated Payment

$ 12,095.07 per month $9,458.66 Principal & Interest $1,396.83 Property Tax $1,239.58 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: Realty One Group Key
Agency Phone: 1 518-630-5360

Shown By

Agent Name: Debra Smith
Agent Phone: (973) 479-6445
Agency Title: Timberland Properties

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Debra Smith
Debra Smith Licensed Real Estate Salesperson Cell: (973) 479-6445 Email Me
All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/17/2026. The listing information on this page last changed on 07/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/17/2026 12:30:43 AM EST) or Global MLS (last updated Fri 07/17/2026 12:22:34 AM EST) or New York State Alliance MLS (last updated Fri 07/17/2026 12:27:06 AM EST) or Hudson Valley Catskill Region MLS (last updated Fri 07/17/2026 12:11:19 AM EST) or OneKey MLS (last updated Fri 07/17/2026 12:28:30 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.
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