Turn-Key Duplex with Detached
601 E Canal Street, Troy, OH 45373
- Added:
- May 14, 2026
- Days on Market:
- 30
- Last Refresh:
- Jun 12 at 2:06 am
Property Features for 601 E Canal Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Basement, Bedroom 3, Bedroom 1
- Parking features
- On Street, Garage, Driveway
- Patio and Porch features
- Deck, Porch
- Interior features
- CeilingFans, LaminateCounters, Remodeled
- Exterior features
- Deck, Fence, Porch
- Fencing
- Fenced
- Appliances
- Dishwasher, Range, Refrigerator
- Standard status
- Active Under Contract
- APN
- D08101636
- Size
- 1,618 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Description
- IN LOT 7736
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Frame, VinylSiding
Listing agent Eric T Berger (937) 286-4400
Listing office Keller Williams Home Town Rlty 300 W National Rd, Vandalia, OH (937) 890-9111
Listing date May 14, 2026
MLS# 958891
Listing URL
Copyright © 2026 Dayton 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
- Two‑unit property with leases: lower 3 bed/1 bath rents for $1,300/month with lease through January 2027; upstairs 1 bed/1 bath rents for $650/month
- Major mechanical and electrical updates include newer furnaces and electrical panels (2013) plus a brand‑new furnace and garage door opener installed in 2026
- Interior updates to both units: fresh flooring and paint (2025‑2026); upstairs includes newer LVP flooring (2026) and a remodeled kitchen (2022)
- Detached 2‑car garage, driveway and deck/porch areas, plus a large fenced yard
- Heating and utilities: natural gas forced‑air heat with public water; water and sewer average about $100/month
- Layout includes a basement and allows for potential conversion back to a single‑family home
Overview
This turn-key duplex offers two separate residences under one roof and is set up for straightforward, low-maintenance occupancy. The lower unit is a spacious 3-bedroom, 1-bath layout with washer and dryer hookups, and it has fresh flooring and paint (2025-2026). The upstairs unit is a 1-bedroom, 1-bath home with newer LVP flooring (2026) and a remodeled kitchen (2022), also refreshed with recent interior finishes. Major mechanical and exterior-facing updates noted include newer furnaces and electrical panels in 2013, with a brand-new furnace and garage door opener installed in 2026. Additional exterior features include a 2-car detached garage and a large fenced yard, sitting on a 0.36-acre lot totaling 1,618 square feet, with the property described as having water and sewer averaging around $100 per month.
Located at 601 E Canal Street in Troy, Ohio 45373 in Miami County, the property is offered under Residential zoning. The listing remarks indicate the lower unit lease is in place through January 2027, with rent currently stated at $1,300 per month for the 3-bedroom unit and $650 per month for the 1-bedroom unit.
For tenants, the appeal centers on in-unit comfort and convenience, including the lower unit’s washer and dryer hookups and the recent interior improvements across both units. For buyers, the property is presented as ready to operate based on the documented mechanical updates and ongoing occupancy through January 2027. The layout is also described as allowing a potential conversion back to a single-family home, and the listing notes that rents are currently under market, suggesting room for adjustment with future leasing.
Located at 601 E Canal Street in Troy, Ohio 45373 in Miami County, the property is offered under Residential zoning. The listing remarks indicate the lower unit lease is in place through January 2027, with rent currently stated at $1,300 per month for the 3-bedroom unit and $650 per month for the 1-bedroom unit.
For tenants, the appeal centers on in-unit comfort and convenience, including the lower unit’s washer and dryer hookups and the recent interior improvements across both units. For buyers, the property is presented as ready to operate based on the documented mechanical updates and ongoing occupancy through January 2027. The layout is also described as allowing a potential conversion back to a single-family home, and the listing notes that rents are currently under market, suggesting room for adjustment with future leasing.
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 | $22.3k | $13.80 |
| − Vacancy | −$1.4k | −$0.85 |
| EGI | $21.0k | $12.95 |
| − OpEx | −$6.3k | −$3.88 |
| NOI | $14.7k | $9.06 |
1,618 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$209.5K
$183.3K – $244.4K
NOI $14,666 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$182.6K
$159.8K – $213.0K
NOI $12,780 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$329.8K
$288.5K – $384.7K
NOI $23,083 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Miami
- State
- Ohio
- Longitude
- -84.198269
- Latitude
- 40.035205
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated two-unit duplex with detached 2-car garage, fenced yard, and tenant-ready interiors in Troy.
Where is this duplex located?
The property is located at 601 E Canal Street Troy, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two‑unit property with leases: lower 3 bed/1 bath rents for $1,300/month with lease through January 2027; upstairs 1 bed/1 bath rents for $650/month; Major mechanical and electrical updates include newer furnaces and electrical panels (2013) plus a brand‑new furnace and garage door opener installed in 2026; Interior updates to both units: fresh flooring and paint (2025‑2026); upstairs includes newer LVP flooring (2026) and a remodeled kitchen (2022)
