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Amber Smith
REALTOR®
(567) 454-7882
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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 Active
BEDS4 BATHS2 full SQUARE FEET1,618 MLS#958891
STATUSActive 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 ambersmith.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: 1
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: Amber Smith
Agent Phone: (567) 454-7882
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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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/15/2026. The listing information on this page last changed on 05/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/15/2026 2:34:25 AM EST) or MichRic (Michigan Regional Information Center) (last updated Thu 05/14/2026 11:18:23 PM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Thu 05/14/2026 11:34:39 PM EST) or NIRA MLS (last updated Thu 05/14/2026 11:05:00 PM EST) or RealComp MLS (last updated Fri 05/15/2026 12:46:52 AM EST) or Dayton MLS (last updated Thu 05/14/2026 11:46:52 PM EST) or NORIS MLS (last updated Thu 05/14/2026 11:15:23 PM EST) or IRES MLS (last updated Fri 05/15/2026 12:17:19 AM EST) or Colorado Real Estate Network IDX (last updated Thu 05/14/2026 7:10:19 PM EST) or CBRMLS (last updated Fri 05/15/2026 12:45:04 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Thu 05/14/2026 11:53:44 PM EST) or Terrehaute MLS (last updated Fri 05/15/2026 2:31:25 AM EST) or elevate MLS (last updated Thu 05/14/2026 12:16:53 PM EST) or Stellar MLS (last updated Fri 05/15/2026 1:58:55 AM EST) or NKY MLS (last updated Thu 05/14/2026 11:28:33 PM EST) or Wrist MLS (last updated Thu 05/14/2026 2:55:47 PM EST) or Firelands MLS (last updated Thu 05/14/2026 11:12:10 PM EST) or LCAR MLS (last updated Thu 05/14/2026 10:50:53 AM EST) or West Central MLS (last updated Thu 05/14/2026 9:51:27 PM EST) or Fort Myers (last updated Thu 05/14/2026 11:05:11 PM EST) or Aspen/Glenwood Springs MLS (last updated Thu 05/14/2026 9:31:06 PM EST) or Northern Nevada Regional MLS (last updated Fri 05/15/2026 1:16:59 AM EST) or MLS NOW (last updated Fri 05/15/2026 12:17:55 AM EST) or Northern Great Lakes Association of Realtors (last updated Thu 05/14/2026 9:19:30 PM EST) or Mansfield MLS (last updated Thu 05/14/2026 1:18:00 PM EST) or Metropolitan Indianapolis Board of Realtors (last updated Fri 05/15/2026 1:06:36 AM EST) or Grand Junction MLS (last updated Thu 05/14/2026 11:37:21 PM EST) or Knox County MLS (last updated Thu 05/14/2026 11:08:58 PM EST) or IRMLS (last updated Thu 05/14/2026 11:12:32 PM EST) or Pueblo MLS (last updated Fri 05/15/2026 12:44:08 AM EST) or Upper Peninsula MLS (last updated Thu 05/14/2026 11:10:17 PM EST) or Greater Lansing MLS (last updated Thu 05/14/2026 12:15:13 PM EST) or SEBAR MLS (last updated Thu 05/14/2026 11:39:35 PM EST) or Water Wonderland MLS (last updated Thu 05/14/2026 10:52:49 PM EST) or Eastern Upper Peninsula MLS (last updated Thu 05/14/2026 11:59:25 PM EST) or Scioto Valley MLS (last updated Thu 05/14/2026 10:02:37 PM EST) or Northern Michigan MLS (last updated Thu 05/14/2026 9:34:45 PM EST). Real estate listings held by brokerage firms other than Key Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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