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    Clawson, MI Commerce Twp, MI Rochester, MI
    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 13 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Pontiac Multifamily Investment Opportunity
    Pontiac Multifamily Investment Opportunity

    98 S Edith Street, Pontiac, MI 48342

    $700,000
    4,804 sqft · 0.34 AC lot

    Renovated 11-unit apartment building in a profitable area.

    View details
    Pontiac Multifamily Investment Opportunity
    Pontiac Multifamily Investment Opportunity

    98 S Edith Street, Pontiac, MI 48342

    $700,000
    5,000 sqft · 0.34 AC lot

    Renovated 11-unit apartment building in a profitable area.

    View details
    Royal Oak Stabilized Apartment Building
    Royal Oak Stabilized Apartment Building

    3915 Devon, Royal Oak, MI 48073

    $2,600,000

    Fully occupied, renovated 14-unit apartment building in Royal Oak, Michigan.

    View details
    Royal Oak Multifamily Investment Property
    Royal Oak Multifamily Investment Property

    2129 Normandy Rd, Royal Oak, MI 48073

    $1,070,000

    Fully stabilized 6-unit apartment building in Royal Oak, Michigan.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft · 0.10 AC lot

    Two-family home on a large lot with significant development potential.

    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

    Value Estimation by Request
    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 0 square feet of properties for sale, with an estimated market value of $0.00.

    Sale prices for two-family homes in Troy, MI start at $0.00, averaging $0.00, and reaching up to $0.00 — 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%

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Oakland County

    Retail

    Residential Income

    Property Size Breakdown

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

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