45 S Lake Ave Troy, NY 12180
Property details
About 45 S Lake Ave
High-Income 4-Unit Investment Property with Porches & Parking a must-see investment opportunity at 45 South Lake Avenue. This very large, four-unit building is a cash-flow machine, generating over $6,000 in monthly rent with all leases currently in place. The property boasts a fantastic look with huge, covered porches on both levels, offering great curb appeal. Situated in a quiet location, it has a strong rental history, having attracted students from RPI and Hudson Valley Community College. Numerous upgrades have been completed, including two recently remodeled units and new kitchen cabinets in another. The first-floor unit is exceptionally large, adding to the property's desirability. A standout feature is the ample off-street parking in the rear for at least 6-7 vehicles
Highlights
Summary
- Full Bathrooms: 4
- Basement: Yes
- Total Bedroom Count: 10
- Exterior: Front Fence, None
- Architectural Style: Traditional
- Heating: Forced Air, Natural Gas
- Cooling: None
- List Price: $470,000
- Price/SqFt: $104
- Annual Tax Amount: $13,058
- Tax Year: 2022
- Directions: Get on I-787 N 3 min (0.8 mi) Continue on I-787 N to Troy 7 min (7.3 mi) Continue on NY-7 E/Hoosick St. Drive to S Lake Ave 4 min (1.5 mi) 45 S Lake Ave Troy, NY 12180
- Year Built: 1910
- Living Area: 4,483 SqFt
- Lot Size: 0.25 Acres
- MLS Number: 202519654
- MLS Name: Global MLS
- Office Name: REMAX Solutions
- Office Phone: (518) 318-3800
- Office Email: fgbruno@aol.com
- Listing Agent: Scott J Alvarez
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Last updated on: 7/24/2025, 3:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 06, 2024 | Home Sold | $410,000 |
| Nov 16, 2023 | Home Sold | $410,000 |
| Jun 08, 2022 | Home Sold | $325,000 |
| Nov 13, 2013 | Home Sold | $230,000 |
| Feb 06, 2008 | Home Sold | $225,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $245,000 | $- |
| 2022 | $245,000 | $13,058 |
| 2021 | $245,000 | $13,058 |
| 2020 | $245,000 | $11,116 |
| 2019 | $245,000 | $5,642 |
| 2018 | $245,000 | $8,245 |
| 2017 | $245,000 | $7,354 |
History based on county public records data.
Nearby schools
5
PS 18
Public District KG-5
0.2 mi
•412 Hoosick St
6
PS 14
Public District PK-5
0.8 mi
•1700 Tibbits Ave
4
PS 2
Public District PK-5
1.2 mi
•470 10th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,372. The majority of Troy, NY residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Continuing Education Courses
Horse Races
Where do the neighbors shop?
Chico's
Express/Express For Men
Stein Mart
Where do the neighbors go to eat?
Cracker Barrel
Qdoba
Bonefish Grill
What do the neighbors drive?
Buick
Volkswagen
Lincoln
What do the neighbors listen to?
Soft Adult Contemporary
Urban Contemporary
Classical
Frequently asked questions
About 45 S Lake Ave
The listing price of 45 S Lake Ave property is $470,000.
The property 45 S Lake Ave is a multi located in Troy, New York, 12180.
Active Listing: 45 S Lake Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 45 S Lake Ave are: PS 18 (GreatSchools Rating 5/10), PS 14 (GreatSchools Rating 6/10), PS 2 (GreatSchools Rating 4/10), Troy Middle School (GreatSchools Rating 5/10), Knickerbacker Middle School (GreatSchools Rating 4/10), Cohoes Middle School (GreatSchools Rating 4/10), Troy High School (GreatSchools Rating 4/10), Heatly School (GreatSchools Rating 4/10), Lansingburgh Senior High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2022 is $13,058 (source: MLS/based on county public records data).
The last sale was on February 6, 2024 for $410,000 (source: MLS/tax record).
The property 45 S Lake Ave is 4,483 SqFt (source: MLS/tax record).
The year of construction for 45 S Lake Ave is 1910.
This home is located at 45 S Lake Ave in Troy, NY and zip code 12180. This 4,483 square foot home, which was built in 1910, sits on a 0.25 acre lot. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 16, 2025 and is currently priced at $470,000.
In June 2025, from all listings sold in Troy, NY there were more than 27 sold above asking price, over 15 sold below and more than 11 were sold right at the asked price. Between May and June 2025, Troy, NY real estate market has seen decrease in the number of listings by 1.7%. In June 2025 median list price was $260,000 and the average listing age was 41 days.