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    Upgraded Condo in Prime Location
    Updated: Aug 8, 2025
    Upgraded Condo in Prime Location

    1128 Alameda, Troy, MI 48085

    $290,000
    1,457 sqft
    Recently upgraded condo with new roof (2024), new balcony (2024), new water heater (July 2025), new microwave (2024), new exterior painting (2024), and upgraded kitchen and bathrooms (2023).
    Located in the heart of Troy, in a great neighborhood, and in the top‑rated Troy School District.
    Updated kitchen with granite countertops, stainless steel appliances, and breakfast bar.
    Includes access to community amenities such as a swimming pool, clubhouse, and neighborhood trails.
    Offers a spacious master bedroom with pan ceiling and in suite bathroom, plus generous walk‑in closets in both bedrooms.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1128 Alameda, Troy, MI 48085,

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    • Est. Cap Rate

      6.2%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $255K
      Suggested

    • Property Type

      Condominium
      Built 2004
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Troy, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Townhouse-Style Apartment Building
    Townhouse-Style Apartment Building

    25 Maynard Ct, Pontiac, MI 48342

    $1,950,000
    10,886 sqft

    City Rental Certified apartments feature private entries, basements, balconies, and individually metered utilities.

    View details
    Renovated 12-Unit Apartment Property
    Renovated 12-Unit Apartment Property

    25 Maynard Ct, Pontiac, MI 48342

    $1,949,998
    15,324 sqft

    12-unit, 3 bed/1 bath apartment with renovated interiors, new tear-off roof, and individually metered gas and electric.

    View details
    Move-In Ready Condo with Basement
    Move-In Ready Condo with Basement

    5279 E. 11 Mile, Warren, MI 48092

    $133,000
    968 sqft

    Charming 2-bedroom condo with basement, ready for immediate occupancy.

    View details
    Brownstones of Warren Investment Opportunity
    Brownstones of Warren Investment Opportunity

    29451 Hoover Rd, Warren, MI 48093

    Contact for pricing

    Eight townhomes built in 2020, fully leased, premium finishes.

    View details

    Off-Market Properties in Troy, MI

    Consider similar Off-Market properties in Troy, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1050 Adams
    APARTMENT HOUSE (5+ UNITS)

    1050 Adams, Troy, MI 48084

    $310,000
    Estimated value
    10,748 sqft 1.13 AC lot
    View details
    177 Wilshire Dr
    Multifamily properties

    177 Wilshire Dr, Troy, MI 48084

    Value Estimation by Request
    160,000 sqft 2.04 AC lot
    View details
    177 Wilshire Dr
    Multifamily properties

    177 Wilshire Dr, Troy, MI 48084

    Value Estimation by Request
    View details
    Big Beaver Rd
    Multifamily properties

    0 Big Beaver Rd, Troy, MI 48084

    Value Estimation by Request
    3.59 AC lot
    View details

    Troy, MI Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Troy, MI on our real estate platform. These investment opportunities span a total of 1,457 square feet of properties for sale, with an estimated market value of $290,000.

    Sale prices for two-family homes in Troy, MI average $290,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 87K
    Population Growth (5Y) +3.8%
    Median Household Income $127,384
    College Educated 65.3%

    High-Yield Neighborhoods for Investment

    Identify Troy submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48085 $290K

    Taxes & Financing

    Tax Rate (average for all types) 3.44%
    Property Tax per SF $40.94 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Troy fall within the 100,000+ square foot range.

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