Troy, NY, 7 Bedroom Second Empire Style House With Beautiful Original Details Lists At Just $247,500

If you’re looking for a blend of architectural history, investment potential, and a prime urban location, this Second Empire style house in Troy NY could be the perfect opportunity. Located at 266 8th St, this stately 7-bedroom, 4-bathroom property is on the market for just $247,500—offering both character and cash flow for savvy buyers.

Classic Architecture Meets Opportunity

This property showcases the distinct features of Second Empire architecture, known for its iconic mansard roofs, tall windows, and grand, symmetrical facades.

These homes were built in the late 1800s with elegance in mind, and many of the beautiful original details in this one remain intact.

While the building may need some updates, its strong bones and historic appeal make it a prime candidate for restoration, rental income, or redevelopment.

Whether you’re drawn to the architecture, the potential for income, or the chance to develop in a growing area, this Troy property stands out.

Multi-Family Layout With Flexibility

Currently configured as a four-unit multifamily, this home offers immediate income potential. With seven bedrooms spread across the units, investors can begin earning rental cash flow right away—or choose to renovate and increase property value. With the neighboring property at 270 8th St having recently sold for $425,000, this home is competitively priced and full of upside.

Use the property as-is for rentals, or explore more ambitious strategies like combining units, restoring it into a single-family showpiece, or redeveloping the site altogether. The decision is yours.

Extra Land, Extra Value

One of the most unique aspects of this listing is the inclusion of expansive vacant city lots—included on the same deed. That means you’re not just buying a historic home; you’re acquiring additional land that could be used in a variety of ways:

Extra parking or storage
Space for parties, events, or gardening
Future development projects
Room to build a garage, accessory dwelling units (ADUs), or more rental units (pending zoning approval)

In a city like Troy, where developable land is in limited supply, this extra space adds serious long-term value.

Scenic Views and Ideal Location

Set on an elevated lot, the home offers wonderful views of the sunset and downtown Troy, combining city convenience with visual charm. Its location offers:

Quick access to main roads and commuter routes
Proximity to Troy’s thriving downtown, including restaurants, shops, and Hudson River views
Strong rental demand from nearby colleges, medical centers, and employers

This makes it not only a beautiful home or rental but also a strategically located asset with wide appeal.

A Smart Investment in a Growing Market

Troy has seen a strong resurgence in recent years, with real estate values increasing as more people seek historic charm, walkable neighborhoods, and cultural attractions. With the nearby property selling for significantly more, 266 8th St offers one of the best value-to-potential ratios in the area.

Whether you’re:

An investor looking for strong rental returns
A developer interested in utilizing the land
A history enthusiast wanting to restore a grand home
Or a buyer with a vision to build something new

—this property is ready for your ideas.

Property Snapshot

Address: 266 8th St, Troy, NY 12180
Price: $247,500
Bedrooms: 7
Bathrooms: 4
Type: Four-Unit Multifamily Home
Style: Second Empire
Extras: Vacant city lots on same deed, large yard, city views