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2920 5th Avenue, 
Troy, NY 12180

$4,250,000

—

Bed

—

Bath

25,519

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Ryan Mortka

, 

Alexander Buell

Realty One Group Key

, 

Property Pro Realty Group Inc.

1 518-630-5360

Last updated:

August 7, 2026, 02:27 PM

MLS#

202621635

Source:

Global MLS

About This Home

2920 5th Avenue

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.

Home Facts

Multi-Family

Built in 1920

Price Summary

4,250,000

$166 per Sq. Ft.

MLS #:

202621635

Last Updated:

August 7, 2026, 02:27 PM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

25,519 Sq. Ft.

Structure

Structure

Architectural Style:

Apartment 4 Plus Unit

Building Area:

25,519 Sq. Ft.

Year Built:

1920

Lot

Lot Size (Sq. Ft):

27,007

Finances & Disclosures

Finances

Price:

$4,250,000

Price per Sq. Ft:

$166 per Sq. Ft.

Source:Global MLS
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.