601 E Canal Street Troy, OH 45373
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex/Double
Listing Status Active
Purchase Type For Sale
Square Footage 1,618 sqft
Price per Sqft $114
MLS Listing ID 958891
Bedrooms 4
Full Baths 2
Year Built 1920
Annual Tax Amount $1,950
Lot Size 0.360 Acres
Lot Dimensions 161X95X115X94
Property Sub-Type Duplex/Double
Property Description
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.
Location
State OH
County Miami
Zoning Residential
Rooms
Basement Partial, Unfinished
Kitchen Laminate Counters, Remodeled
Interior
Interior Features 6 Panel Door, Paddle Fans, Smoke Alarm(s)
Heating Forced Air, Natural Gas
Cooling Window Unit
Exterior
Exterior Feature Cable TV, Deck, Fence, Porch, Wood Fence
Parking Features 2 Car, Detached
Utilities Available City Water, Natural Gas, Sanitary Sewer
Building
Structure Type Frame,Vinyl
Schools
School District Troy
Others
Ownership Corporate Owned
Nearby Locations
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