Debbie Ramey
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601 E Canal Street, Troy, OH 45373

$185,000
  • 601 E Canal Street, Troy, OH 45373 Main Photo

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New to the Market Pending/Show for Backup
BEDS4 BATHS2 full SQUARE FEET1,618 MLS#958891
STATUSPending/Show for Backup PROPERTY TYPEMulti Unit - Multiple SCHOOLTroy

Property Description

Turn-key investment opportunity in the highly sought-after Troy school district—this one checks all the boxes. The heavy lifting is already done. Major mechanical updates include newer furnaces and electrical panels (2013), plus a brand-new furnace and garage door opener installed in 2026. Big-ticket items? Handled. Interior updates? Covered. Both units feature fresh flooring and paint (2025–2026), giving you a clean, modern feel that tenants love.The lower unit is a spacious 3-bedroom, 1-bath layout renting at $1,300/month, complete with washer and dryer hookups—a major tenant draw. Lease in place through January 2027 provides immediate, stable income.Upstairs, the 1-bedroom, 1-bath unit brings in $650/month and features newer LVP flooring (2026) and a remodeled kitchen (2022), offering low-maintenance ownership and strong rental appeal. Here’s where it gets interesting—rents are currently under market, leaving room for upside and increased cash flow. Even better, the layout allows for a potential conversion back to a single-family home, opening the door for resale or owner-occupant strategies.Outside, you’ll find a 2-car detached garage, a large fenced yard, and low utility burden with water and sewer averaging around $100/month. Looking to scale? This property can be packaged with 121–121.5 S. Roosevelt Ave in Piqua for a strong multi-property investment play.Opportunities like this—updated, income-producing, and value-add ready—don’t sit long.

601 E Canal Street | MLS# 958891

This multi-family property located at 601 E Canal Street, Troy, OH 45373 is currently listed for sale with an asking price of $185,000. E Canal Street is located within the Troy school district. Search Troy real estate on deborahramey.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: Window Unit
Fenced: Yes
Garage: 2
Heating: Forced Air, Natural Gas
Lot Size: 0.36 Acres
Taxes: $1,951
Year Built: 1920

Feature Descriptions

Appliance Features: Dishwasher, Range, Refrigerator
Basement Features: Partial, Unfinished
Days on Site: 3
Exterior: Frame, Vinyl
Garage Features: 2 Car, Detached
Lot Dimensions: 161X95X115X94
Outside Features: Cable TV, Deck, Fence, Porch, Wood Fence
Ownership: Corporate Owned
Utilities: City Water, Natural Gas, Sanitary Sewer

Local Schools

School District: Troy

Listed By / Shown By

Listed By

Agency Name: Keller Williams Home Town Rlty
Agency Phone: (937) 890-9111

Shown By

Agent Name: Debbie Ramey
Agent Phone: (419) 572-6555
Agency Title: Key Realty

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Estimated Payment

$ 1,251.38 per month $1,034.84 Principal & Interest $162.58 Property Tax $53.96 Homeowner's Insurance

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