Under Contract

601 E Canal Street

Troy, OH 45373

$185,000 $779/Mo

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Overview

Bed

Bath

1,618

Sqft

15,682

Sqft(Lot)

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.

Property Details

Property Type : Residential Income

Price : $185,000

AD Id : 78631309

MLS Id : 958891

Beds : 4

Lot Size : 15,682 Sqft

Living Area Size : 1,618

Year Built : 1920

Garage : 2

County : Miami

Subdivision: Rural Tract (no Subd)

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Has Basement: Yes Basement: Partial, Unfinished
Interior Features

Ceiling Fan(s), Laminate Counters Appliances: Dishwasher, Range, Refrigerator Window Features: Double Pane Windows, Insulated Windows
Heating & Cooling

Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Ceiling Fan(s), Window Unit(s)

Building Information

Year Built: 1920 Building Area Total: 1618 Construction Materials: Frame, Vinyl Siding Patio And Porch Features: Deck, Porch Private Pool: No

Lot Information

Lot Dimensions: 161X95X115X94 Main Square Feet: 15682 Square Feet Lot Size Acres: 0.36 Lot Size Source: Assessor Lot Size Square Feet: 15682

Property Information

Subdivision: Troy Source Property Type: Residential Income Postal Code Plus 4: 3620 Zoning Description: Residential Property SubType: Duplex Property Age: 106

Listing Price Information

Listing Price: $185000

Tax Information

Parcel Number: D08101636 Tax Legal Desc: IN LOT 7736

Parking Information

Driveway, Detached, Garage, On Street

Garage Information

Has Garage: Yes Garage Space: 2

Utility Information

Natural Gas Available, Sewer Available, Water Available, Cable Available
Location Information

WaterSource: Public Security Features: Smoke Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
436 S Clay Street, Troy, OH, 45373	$275,000	6	3	2,544	2,544 SqFt
321-323 S Short Street, Troy, OH, 45373	$220,000	5	2	2,542	2,542 SqFt
317 W Market Street, Troy, OH, 45373	$199,900	3	3	1,783	1,783 SqFt

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Troy, OH, 45373

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ByOwner last updated this listing 06/06/2026 @ 16:38

MLS: 958891 LISTED BY: Eric Berger, Keller Williams Home Town Rlty 937-890-9111 SOURCE: Dayton REALTORS