INVESTMENT OPPORTUNITY in quaint Troy, Idaho! Located just 11 miles from Moscow, home to the University of Idaho, Schweitzer Engineering Laboratories (SEL), and the renowned Farmers Market, voted among the Top 10 in the nation by Sunset Magazine. This 5-unit apartment building offers 3,960 sq ft and was built in 1981. Units 1-4 each feature 2 bedrooms and 1 bath, while Unit 5 offers 1 bedroom and 1 bath. The property generates $3,420/month in rental income, plus additional revenue potential from the coin-operated washer/dryer laundry facility. All units have separate electrical meters. An abundance of off-street parking, a corner-lot location, quality local schools, and convenient small-business retail amenities add to the appeal. All leases have been renewed, with varying expiration dates in spring/summer 2027, providing an established tenant base and near-term income stability. A solid opportunity to own a multi-family asset in a charming Palouse community with easy access to Moscow! Great investment value!
Troy is located in Idaho. Troy, Idaho has a population of 963. Troy is more family-centric than the surrounding county with 39.67% of the households containing married families with children. The county average for households married with children is 33.41%.
The median household income in Troy, Idaho is $76,181. The median household income for the surrounding county is $56,673 compared to the national median of $69,021. The median age of people living in Troy is 31.7 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 25.3 degrees. The average rainfall is approximately 23.5 inches per year, with 43.1 inches of snow per year.
