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$193,000
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Property Description
Turn-key investment opportunity in the highly sought-after Troy school district-this one checks all the boxes. The heavy lifting is already done. Major mechanical updates include newer furnaces and electrical panels (2013), plus a brand-new furnace and garage door opener installed in 2026. Big-ticket items? Handled. Interior updates? Covered. Both units feature fresh flooring and paint (2025-2026), giving you a clean, modern feel that tenants love. The lower unit is a spacious 3-bedroom, 1-bath layout renting at $1,300/month, complete with washer and dryer hookups-a major tenant draw. Lease in place through January 2027 provides immediate, stable income. Upstairs, the 1-bedroom, 1-bath unit brings in $650/month and features newer LVP flooring (2026) and a remodeled kitchen (2022), offering low-maintenance ownership and strong rental appeal. Here's where it gets interesting-rents are currently under market, leaving room for upside and increased cash flow. Even better, the layout allows for a potential conversion back to a single-family home, opening the door for resale or owner-occupant strategies. Outside, you'll find a 2-car detached garage, a large fenced yard, and low utility burden with water and sewer averaging around $100/month. Looking to scale? This property can be packaged with 121-121.5 S. Roosevelt Ave in Piqua for a strong multi-property investment play. Opportunities like this-updated, income-producing, and value-add ready-don't sit long.
Full Property Details
Full Property Details for 601 E Canal St
General
- Sold For: $193,000
- Status: Closed
- Type: Duplex
- Source: 506
- MLS ID: 958891
- Added to Site: 51 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Laminate Counters, Remodeled
- Appliances: Dishwasher, Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Deck, Fence, Porch
- Porch/Patio/Deck: Deck, Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Driveway, Detached, Garage, Two Car Garage, Public, On Street
Location
- County: Miami
- Subdivision: Troy
School Information
- Elem School District: Troy
- Midd School District: Troy
- High School District: Troy
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air, Natural Gas
Utilities
- Water: Public
- Cable Available: Yes
- Utility Description: Natural Gas Available, Sewer Available, Water Available, Cable Available
Structural Information
- # Buildings: 1
- Construction: Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Partial, Unfinished
- Windows: Double Pane Windows, Insulated Windows
- Doors: 6 Panel Door(s)
- Stories/Levels: 2
- Square Feet: 1,618
- Sq. Ft. Source: Assessor
- Living Area: 1,618 Sq. Ft.
- Year Built: 1920
Unit Information
- Unit Type: 2 Bedroom
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,682
- Lot Size: 15682
- Lot Size Source: Assessor
- Lot Dimensions: 161 x 95 x 115 x 94
- Fence: Yes
- Zoning: Residential
- Fencing (Description): Wood
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Ownership: Corporate Owned
- Legal Description: IN LOT 7736
- Property ID: D08101636
Listed by Keller Williams Home Town Rlty (937) 890-9111, Eric T Berger (937) 286-4400
Sold by Sibcy Cline Inc. (937) 898-1234, Mark E Davison
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Schools
Schools serving 601 E Canal St
School District:Troy City School District
| Name | Grades | Distance |
|---|---|---|
Forest Elementary School, Troy, OH 413 East Canal Street, Troy, OH 45373 | K-5 | 0.1 mi |
Van Cleve Elementary School 617 East Main Street, Troy, OH 45373 | 6- | 0.2 mi |
Troy Junior High School 556 Adams Street, Troy, OH 45373 | 7-8 | 1 mi |
Troy High School 151 West Staunton Road, Troy, OH 45373 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 601 E Canal St
Date
Details
Price
Change
Source
6/24/2026
Sold
$193,000
4.32%
MLS
5/14/2026
Listed
$185,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
601 E Canal Street, Troy, OH 45373 (MLS# 958891) is a Duplex property that was sold at $193,000 on June 24, 2026. Want to learn more about 601 E Canal Street? Do you have questions about finding other Duplex real estate for sale in Troy? You can browse all Troy real estate or contact a Coldwell Banker agent to request more information.

