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    Three-Unit Residential Income Property Title is generated by Realmo AI

    317 W Market Street, Troy, OH 45373

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    Claim this Listing
    Pending
    $184,900

    MULTI_FAMILY - Troy, OH

    Property size:
    1,783 SF
    Lot size:
    0.21 Acres
    Added:
    May 20, 2026
    Days on Market:
    49
    Last Refresh:
    Jul 7 at 12:06 pm

    Property Features for 317 W Market Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 9, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 5
    Parking features
    Garage
    Basement
    Full
    Standard status
    Pending
    APN
    D08094060
    Size
    1,783 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1909
    Floors in Building
    2
    Number of units
    3
    Building materials
    Vinyl Siding

    We can help!

    Contact an agent
    Kaitlyn Stewart

    Listing agent Kaitlyn Stewart

    Listing office Coldwell Banker Heritage Realtors 19 S Weston Rd., Troy, OH

    Listing date May 20, 2026

    MLS# 1045808 Listing URL

    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

    • Multi‑family in Troy featuring 1,783 SF across 3 units (each unit: 3 bedrooms and 3 full bathrooms total)
    • 0.22‑acre lot with patio and porch
    • Updates include a new roof, new flooring, and new toilets
    • Each unit includes a range and refrigerator
    • Utilities include public sewer
    • Garage parking; heating is electric and cooling uses window unit(s)

    Overview

    This three-unit residential income property offers accessible layout features and totals 3 bedrooms and 3 full bathrooms across 1,783 square feet. Each unit is equipped with a range and refrigerator. Exterior amenities include a patio and porch. The property has recent upgrades including a new roof, new flooring, and new toilets, supporting a turnkey presentation.

    Located at 317 W Market Street in Troy, Ohio 45373, the home sits on an approximately 0.21-acre lot in Miami County.

    With three separate units, the property can fit investors or owner-operators looking for a small multifamily structure with straightforward in-unit appliances already provided. Recent improvements to the roof and interiors may help reduce near-term maintenance concerns. The seller is also willing to package this property for a portfolio deal; contact the agent for qualifying parcels and rents.

    Local Financial Insights For Multifamily LT 5

    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 $24.6k $13.80
    − Vacancy −$1.5k −$0.85
    EGI $23.1k $12.95
    − OpEx −$6.9k −$3.88
    NOI $16.2k $9.06
    1,783 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $230.9K
    $202.0K – $269.4K (±1% cap)
    NOI $16,161 @ 7.0% cap · market cap 8.74%
    Second Best
    Apartment 5plus
    $201.2K
    $176.1K – $234.7K (±1% cap)
    NOI $14,084 @ 7.0% cap · market cap 7.62%
    Theoretical Best
    Office A
    $363.4K
    $318.0K – $424.0K (±1% cap)
    NOI $25,437 @ 7.0% cap · market cap 13.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Real Estate Agency Storage Facility Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Miami
    State
    Ohio
    Longitude
    -84.212822
    Latitude
    40.031437

    FAQs

    What type of property is this?
    Triplex - Three-unit income property with 3 bedrooms, 3 full baths, and recent interior updates on a patio-and-porch lot.
    Where is this triplex located?
    The property is located at 317 W Market Street Troy, OH.
    What is the asking price?
    The asking price for this property is $184,900.
    What are key features of this property?
    This property features: Multi‑family in Troy featuring 1,783 SF across 3 units (each unit: 3 bedrooms and 3 full bathrooms total); 0.22‑acre lot with patio and porch; Updates include a new roof, new flooring, and new toilets
    More about this property
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