Historic Mixed-Use Building with
28 W Canal Street, Troy, OH 45373
COMMERCIAL - Other - Troy, OH
Property size:
2,059 SFLot size:
0.06 AcresPrice / SF:
$126/SF- Added:
- Mar 27, 2026
- Days on Market:
- 97
- Last Refresh:
- Jul 1 at 11:06 pm
Property Features for 28 W Canal Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Window features
- Window Coverings
- Patio and Porch features
- Deck, Porch
- Interior features
- Walk-In Closet(s), Ceiling Fan(s)
- Fencing
- Fenced
- Fireplace
- 1
- Basement
- Full, Unfinished
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- D08011550
- Size
- 2,059 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Flooring type
- Wood
- Building materials
- Asbestos
- Architectural style
- Other
Listing agent Mary E. Couser (937) 339-0508
Listing office Galbreath REALTORS 1026 W Main St., Troy, OH (937) 339-0508
Listing date Mar 27, 2026
MLS# 1044559
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Vintage 2‑story home in Troy’s B‑3 Central Business District on 4 parcels totaling 0.2513 acres (D08‑011550, D08‑011530, D08‑011535, D08‑011555).
- 3 bedrooms plus a grand primary 1st‑floor bedroom with a walk‑in closet; large enclosed front porch and spacious living and dining rooms.
- Remodeled kitchen with white cabinets and stainless steel appliances; includes dishwasher, disposal, microwave, range, refrigerator, washer, and dryer.
- Full basement with 3 large unfinished rooms and 2 additional storage areas.
- Dual Trane HVAC systems and water heater updated in 2021; roof and vinyl replacement windows in 2018; exterior paint in 2016; upgraded electrical panel, lights, and receptacles.
- Large rear deck and extra‑large fenced yard; dual‑chimney disclosure: chimney is not warranted (dining room chandelier does not convey).
Overview
This turn-key, renovated vintage 2-story mixed-use building offers old-world character with updated features. Inside, you’ll find spacious living and dining rooms, original woodwork, a staircase, and built-ins. The remodeled kitchen includes white cabinetry and stainless steel appliances, and the first floor features a grand primary bedroom with a walk-in closet and a 13x13 bathroom with a nook designed for a combination washer/dryer unit. On the second level are three bedrooms and an additional 7x13 bathroom with shower. The full basement includes three large unfinished rooms and two additional storage areas.
The property is located in Troy’s B-3 Central Business District and includes four parcels of ground totaling 0.2513 acres (listed lot size shown as 0.06 acres). Amenities and improvements referenced in the remarks include dual Trane HVAC systems and a water heater installed in 2021, roof and vinyl replacement windows from 2018, exterior paint from 2016, an upgraded electrical panel, and plumbing updates with PEX piping. There is an enclosed front porch, plus a large rear deck and an extra-large fenced yard.
For tenants, buyers, or operators seeking a well-maintained, move-in-ready mixed-use property, this home-style building combines multiple finished living spaces with practical storage in the basement and outdoor space suited for everyday use. Notes and exclusions include that the chimney is not warranted and the dining room chandelier does not convey. Utilities are described in the remarks with average monthly figures for electric, gas, and city services.
The property is located in Troy’s B-3 Central Business District and includes four parcels of ground totaling 0.2513 acres (listed lot size shown as 0.06 acres). Amenities and improvements referenced in the remarks include dual Trane HVAC systems and a water heater installed in 2021, roof and vinyl replacement windows from 2018, exterior paint from 2016, an upgraded electrical panel, and plumbing updates with PEX piping. There is an enclosed front porch, plus a large rear deck and an extra-large fenced yard.
For tenants, buyers, or operators seeking a well-maintained, move-in-ready mixed-use property, this home-style building combines multiple finished living spaces with practical storage in the basement and outdoor space suited for everyday use. Notes and exclusions include that the chimney is not warranted and the dining room chandelier does not convey. Utilities are described in the remarks with average monthly figures for electric, gas, and city services.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $20.04 |
| − Vacancy | −$10.3k | −$5.01 |
| EGI | $30.9k | $15.03 |
| − OpEx | −$7.7k | −$3.76 |
| NOI | $23.2k | $11.27 |
2,059 SF · lease $20.04/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$331.6K
$290.1K – $386.8K
NOI $23,210 @ 7.0% cap · market cap 8.93%
Second Best
Mixed Use
$297.8K
$260.6K – $347.5K
NOI $20,847 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$419.6K
$367.2K – $489.6K
NOI $29,375 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Miami
- State
- Ohio
- Longitude
- -84.205811
- Latitude
- 40.037942
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Turn-key renovated vintage building in Troy’s B-3 district with a spacious layout, deck, and fenced yard.
Where is this mixed-use property located?
The property is located at 28 W Canal Street Troy, OH.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Vintage 2‑story home in Troy’s B‑3 Central Business District on 4 parcels totaling 0.2513 acres (D08‑011550, D08‑011530, D08‑011535, D08‑011555).; 3 bedrooms plus a grand primary 1st‑floor bedroom with a walk‑in closet; large enclosed front porch and spacious living and dining rooms.; Remodeled kitchen with white cabinets and stainless steel appliances; includes dishwasher, disposal, microwave, range, refrigerator, washer, and dryer.
