601 E Canal Street, Troy, OH 45373
Local realty services provided by:ERA Petkus Weiss
601 E Canal Street,Troy, OH 45373
$185,000
- 4 Beds
- 2 Baths
- 1,618 sq. ft.
- Multi-family
- Active
Listed by: eric t berger
Office: keller williams home town rlty
MLS#:958891
Source:OH_DABR
Price summary
- Price:$185,000
- Price per sq. ft.:$114.34
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....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:958891
- Added:1 day(s) ago
- Updated:May 15, 2026 at 01:00 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Kitchen Description:Dishwasher, Range, Refrigerator
- Basement:Yes
- Basement Description:Partial, Unfinished
- Living area:1,618 sq. ft.
Structure and exterior
- Year built:1920
- Building area:1,618 sq. ft.
- Lot area:0.36 Acres
- Construction Materials:Frame
- Exterior Features:Deck, Fence, Porch
Finances and disclosures
- Price:$185,000
- Price per sq. ft.:$114.34
Parking
- Garage:Yes
- Garage spaces:2
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