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    Troy, MI
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    Troy, MI Multifamily Properties for Sale

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    Clawson, MI Rochester, MI Royal Oak, MI Port Huron, MI Madison Heights, MI Birmingham, MI Sterling Heights, MI Bloomfield Hills, 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 9 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

    Opportunities in Nearby Cities

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

    Clawson Site for 5 Detached Condo Townhomes
    Clawson Site for 5 Detached Condo Townhomes

    659 West Maple Rd, Clawson, MI 48017

    $399,900
    6,000 sqft 0.41 AC lot

    Redevelopment Site for 5 Detached Condo Townhomes

    View details
    Turnkey Clawson Multifamily Investment
    Turnkey Clawson Multifamily Investment

    629 W Maple Rd, Clawson, MI 48017

    $4,249,000
    1,200 sqft

    Well-maintained 25-unit apartment complex with upside potential.

    View details
    Side-by-Side Ranch Duplex
    Side-by-Side Ranch Duplex

    11046 Russell Street, Utica, MI 48317

    $335,000
    2,150 sqft 0.25 AC lot

    Two residences offer separate utilities, varied bedroom layouts, updated finishes, and shared access to a detached garage.

    View details
    Side-by-Side Ranch Duplex
    Side-by-Side Ranch Duplex

    11046 Russell St, Utica, MI 48317

    $335,000
    2,100 sqft

    Two separate residences offer distinct utility systems, dedicated boilers, and a detached garage with additional parking.

    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

    $310,000
    Estimated value
    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 Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Troy, MI on our real estate platform. These investment opportunities span a total of 1,457 square feet of properties for sale, with an estimated market value of $290,000.

    Sale prices for multifamily properties in Troy, MI average $290,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 87K
    Population Growth (5Y) +3.8%
    Median Household Income $127,384
    College Educated 65.3%

    High-Yield Neighborhoods for Investment

    Identify Troy submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48085 $290K
    48098 $599.9K

    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)

    Property Size Breakdown

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

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