A rare and exciting mixed-use opportunity in the heart of Downtown Troy. 147 4th Street features a fully operational, community-loved coffee shop, art gallery, and music venue on the ground level, ready for new ownership, a fresh concept, or lease to a commercial tenant. For buyers seeking a true live/work or turnkey investment, the existing caf operation may be available in conjunction with the sale, creating an opportunity to step into an active, community-supported business from day one. The property includes a spacious and private courtyard, ideal for outdoor dining, events, and seasonal gatherings, an exceptional find in Downtown Troy! A separate carriage house sits across the courtyard, offering additional value-add potential and ready for future renovation or creative use. Above the commercial space are two recently renovated residential apartments, each with private entrances and separate electric - perfect for owner-occupancy or strong rental income. The second floor offers a bright two-bedroom, one-bath apartment featuring refurbished original hardwood floors, updated smart lighting throughout, and a spacious kitchen with ample storage. The top floor showcases a one-bedroom apartment with exposed brick, high ceilings, and a modern urban feel, complete with its own private back deck. The apartments share a laundry area with newer washer and dryer. An ideal opportunity for investors, owner-occupants, or entrepreneurs seeking a mixed-use property with multiple income streams and the potential for a turnkey business acquisition in a vibrant downtown location.