8 Alder Avenue
About This Property
Currently operating as a highly successful turnkey Airbnb with 100% 5-star review ratings and a proven book of business, this beautifully renovated home is being offered fully furnished, making it the perfect investment for anyone looking to step into the short-term rental market from day one. Prefer a place to call home? You'll fall in love with its character, warmth, and thoughtfully designed spaces.
Located on Troy's desirable East Side, just 7 miles from Albany, this stunning 4 bedroom, 1.5-bath home seamlessly blends historic charm with modern updates. Recent improvements include a new roof, updated electrical and plumbing, a modern kitchen, central air, central heating, and more, offering peace of mind while preserving the home's timeless appeal. Inside you'll find 9-foot ceilings, over 3,000 sq ft, hardwood floors, spacious bedrooms with oversized closets, a cozy wood-burning fireplace, and a finished third-floor bonus space perfect for a home office, guest suite, or additional living area.
Step outside and discover your own private backyard retreat. The fully fenced yard is designed for entertaining and relaxing with a stamped concrete patio, pergola, furnished outdoor living areas, multiple dining spaces, gas grill, wood-burning fire pit, hammock, basketball hoop, & a covered front porch. The showstopper is the glam camper, complete with a skylight, creating a truly unforgettable guest experience or your own private escape. A shed with a dedicated workspace adds even more versatility.
Additional features include Smart TVs, antique & eclectic furnishings, a six-person dining area, gas range, dishwasher, microwave, washer and dryer, keyless entry, security cameras, driveway with off street parking & additional street parking, and every detail needed to continue operating as a thriving Airbnb.
The House of Troy is an opportunity you won't want to miss!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2026 | Price Increased |
$499,000
↑ $166K
(49.9%) | |
| Price Increased | |||
| Sep 26, 2026 | Relisted | $333,000 | |
| Relisted | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Listed by Howard Hanna Capital Inc | $525,000 | |
| Listed by Howard Hanna Capital Inc | |||
| Aug 22, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017