Three-Unit Residential Income
534 S Walnut Street Troy, OH 45373
For Sale
$164,900
Pending
MULTI_FAMILY - Troy, OH
Property Size1,556 SF
Lot Size0.09 Acres
Days on Market69
Property Features for 534 S Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 9, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 7, Bathroom 1
Parking features
None
Basement
Full
Standard status
Pending
APN
D08006110
Size
1,556 SF
Lot size
0.09 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
1894
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Coldwell Banker Heritage Realtors
(937) 665-1800
Listed By:
Kaitlyn Stewart
(937) 665-1800
Added: May 20
Changed: Jul 24
Last Checked: Jul 27 at 6:06PM
MLS# 1045810
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.
Investment Insights
Based on property information with market context.
This residential income property is configured as a three-unit triplex, providing 3 bedrooms and 3 full bathrooms across the available living space. Each unit includes a range and refrigerator, supporting straightforward move-in readiness. The home also features a patio and porch for outdoor use. Recent updates include a new roof, new flooring, and new toilets.
Located at 534 S Walnut Street in Troy, Ohio, the property sits on a lot identified as 0.09 acres. The offering is for sale, and the seller indicates willingness to package this property for a portfolio deal; interested parties should contact the agent for qualifying parcels and rent details.
For tenants or buyers seeking a manageable multifamily setup, the combination of unit-level appliances and completed interior and exterior updates can reduce near-term turnover work. The presence of outdoor living areas may support everyday tenant comfort, while the three-unit layout offers multiple revenue streams within one property.
Located at 534 S Walnut Street in Troy, Ohio, the property sits on a lot identified as 0.09 acres. The offering is for sale, and the seller indicates willingness to package this property for a portfolio deal; interested parties should contact the agent for qualifying parcels and rent details.
For tenants or buyers seeking a manageable multifamily setup, the combination of unit-level appliances and completed interior and exterior updates can reduce near-term turnover work. The presence of outdoor living areas may support everyday tenant comfort, while the three-unit layout offers multiple revenue streams within one property.
Key Highlights
- 3 bedrooms and 3 full bathrooms in 1,783 SF multi‑family residence
- 0.22‑acre lot with patio and porch
- Recent updates include new roof, new flooring, and new toilets
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 | $21.5k | $13.80 |
| − Vacancy | −$1.3k | −$0.85 |
| EGI | $20.1k | $12.95 |
| − OpEx | −$6.0k | −$3.88 |
| NOI | $14.1k | $9.06 |
1,556 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$201.5K
$176.3K – $235.1K
NOI $14,104 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$175.6K
$153.6K – $204.9K
NOI $12,291 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$317.1K
$277.5K – $370.0K
NOI $22,199 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit property with updated roof, flooring, and fixtures, featuring patio and porch space.
Where is this triplex located?
The property is located at 534 S Walnut Street Troy, OH.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: 3 bedrooms and 3 full bathrooms in 1,783 SF multi‑family residence; 0.22‑acre lot with patio and porch; Recent updates include new roof, new flooring, and new toilets
