$185,000
UNDER CONTRACT

601 E Canal St Troy, OH 45373

Estimated payment $1,173/month

Total Views 265
4 Beds
2 Baths
1,618 Sq Ft
$114 Price per Sq Ft

Highlights

  • Deck
  • 2 Car Detached Garage
  • Double Pane Windows
  • Troy High School Rated 9+
  • Porch
  • Window Unit Cooling System

About This Home

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.

Listing Agent

Eric Berger

Keller Williams Home Town Rlty Brokerage Phone: (937) 890-9111 License #2013001701 Listed on: 05/14/2026

Keller Williams Home Town Rlty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 15,682 Sq Ft Lot
  • Lot Dimensions are 161x95x115x94
  • Wood Fence

Parking

  • 2 Car Detached Garage
  • Public Parking
  • Driveway
  • On-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,618 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Windows
  • Six Panel Doors
  • Unfinished Basement
  • Partial Basement
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number D08101636

Community Details

Overview

  • 2 Units
  • Troy Subdivision

Building Details

  • Gross Income $23,400
  • Net Operating Income $20,249

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0.36 Acres

Parking

2

Listing Details

  • Major Appliances: Dishwasher, Range, Refrigerator
  • Cooling System: Window Unit(s)
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Attribution Contact: (937) 890-9111
  • Fencing: Wood
  • Lot Size Acres: 0.36
  • SecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: (937) 890-9111
  • Ownership: Corporate Owned
  • MLS Status: Active Under Contract
  • Living Area: 1618.0
  • Window Features: Double Pane Windows, Insulated Windows
  • Master Plan Zoning: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: UnderContract

Interior Features

  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Remodeled
  • Basement: Partial, Unfinished
  • Garage Spaces: 2.0
  • Property Type: Residential Income
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: 6 Panel Door(s)
  • Stories: 2

Exterior Features

  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Deck, Fence, Porch
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Attached Garage: Yes
  • Parking Features: Driveway, Detached, Garage, Two Car Garage, Public, On Street

Utilities

  • Heating: Forced Air, Natural Gas
  • Utilities: Natural Gas Available, Sewer Available, Water Available, Cable Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Troy

Lot Info

  • Lot Dimensions: 161X95X115X94
  • Lot Size Sq Ft: 15682.0
  • Parcel Number: D08101636
  • Zoning Description: Residential

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Annual Gross Income: 23400.0
  • Property Net Operating Income: 20249.0
  • Number Of Units Total: 2

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,034 $55,480 $12,850 $42,630
2024 $2,034 $44,350 $13,340 $31,010
2023 $1,791 $44,350 $13,340 $31,010
2022 $1,474 $44,350 $13,340 $31,010
2021 $1,249 $35,500 $10,680 $24,820
2020 $1,251 $35,500 $10,680 $24,820
2019 $1,261 $35,500 $10,680 $24,820
2018 $1,253 $33,890 $11,520 $22,370
2017 $1,265 $33,890 $11,520 $22,370
2016 $1,247 $33,890 $11,520 $22,370
2015 $1,206 $31,400 $10,680 $20,720
2014 $1,206 $31,400 $10,680 $20,720
2013 $1,197 $31,400 $10,680 $20,720
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2026 05/14/26 For Sale $185,000 -- $114 / Sq Ft
Source: Dayton REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Limited Warranty Deed $46,000 Attorney
Sheriffs Deed $60,000 None Available
Sheriffs Deed $60,000 Attorney
Survivorship Deed $112,000 --
Warranty Deed -- --
Sheriffs Deed -- --
Survivorship Deed $110,000 --
Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $112,000 New Conventional
Previous Owner $109,100 FHA
Source: Public Records

Source: Dayton REALTORS®

MLS Number: 958891

Dayton REALTORS®

APN: D08101636

Ohio Miami County Troy 45373

601 E Canal St, Troy, OH

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Dayton REALTORS® The information is being provided by Dayton Area Board of Realtors MLS. Information deemed reliable but not guaranteed. Information is provided for the consumer's personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Dayton Area Board of Realtors MLS. All Rights Reserved.

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