560 E Cherry St, Troy, MO 63379
Property image
Property image
FOR SALE
NEW - 15 HRS AGO
0.41 ACRES
Listed by Andrew R Burtt, Magnolia Real Estate, (636) 442-0214

560 E Cherry St
Troy, MO 63379

  • 2 Beds
  • 1 Bath
  • 9,630 sqft (on 0.41 acres)

$1,150,000

Est. Mortgage $6,597/mo*
Get Pre-Qualified

$1,150,000

Est. Mortgage $6,597/mo*
Get Pre-Qualified
2 Beds
1 Bath
9,630 sqft
(on 0.41 acres)

Local Information

  • Map ViewExplore the area around 560 E Cherry St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Excellent opportunity to acquire a high-occupancy 12-unit apartment complex with 12 additional on-site storage units in the rapidly growing Troy, Missouri market. Offered at $1,150,000, this stabilized investment features a mix of one-bedroom and two-bedroom apartments along with twelve storage units, providing diversified income and long-term upside.

Current gross rental income is $10,355 per month with market rent potential estimated at approximately $10,900 per month. Annual NOI is approximately $81,595, reflecting a 7.1% cap rate at the asking price. Most apartment units have already been renovated, minimizing immediate capital expenditures while leaving additional value-add potential through future rent increases and storage income optimization.

Investment Highlights:
• 12 Apartment Units
• 12 On-Site Storage Units
• High Occupancy
• Mix of 1-Bedroom & 2-Bedroom Units
• Most Units Renovated
• Current Gross Monthly Rent: $10,355
• Estimated Market Rent: $10,900+/Month
• Annual NOI: Approximately $81,595
• 7.1% Cap Rate at Asking Price
• Strong Workforce Housing Demand
• Limited Competing Apartment Inventory
• Located in One of Lincoln County's Fastest-Growing Markets

Current rent roll, T-12 financials, and additional income/expense information are available upon request. Property is being offered subject to interior inspection. To minimize disruption to tenants, interior showings will be scheduled following an accepted contract.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$119
Listed
1 day ago

Home Details for 560 E Cherry St

Active Status

MLS Status: Active

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1
Dimensions and Layout
Living Area: 9630 Square Feet
Heating & Cooling
Heating: BaseboardHas CoolingAir Conditioning: Wall Unit(s)Has HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Fireplace

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No CarportNo Garage
Frontage
Not on Waterfront

Days on Market

Days on Market: 1

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, ApartmentArchitecture: Apartment Style
Building
Construction Materials: Brick
Property Information
Parcel Number: 157026004014004000

Price & Status

Price
List Price: $1,150,000Price Per Sqft: $119

Location

Direction & Address
City: TroyCommunity: Browns Add
School Information
Elementary School: Main Street Elem.Jr High / Middle School: Troy MiddleHigh School: Troy Buchanan HighHigh School District: Troy R-III

Agent Information

Listing Agent
Listing ID: 26046395

Building

Building Area
Building Area: 9630 Square Feet

HOA

Association for this Listing: St. Charles County Association of REALTORSNo HOA

Lot Information

Lot Area: 0.41 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, Other

Miscellaneous

Mls Number: 26046395Showing Requirements: Appointment Only, Do Not Disturb Tenant, Show With Contract
Last check for updates: about 6 hours ago
Listing Provided by: Andrew R Burtt, (636) 544-1159
Magnolia Real Estate
Originating MLS: St. Charles County Association of REALTORS
Source: MARIS, MLS#26046395
Also Listed on MARIS.

Market trends in Troy

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$309K
$1.67KMoM
Sale-to-List Price
99.7%
0.2%MoM
Price per sq ft
$189
$5MoM
Available listings
70
6MoM

Price History for 560 E Cherry St

DatePriceEventSource
07/20/2026$1,150,000Listed For SaleMARIS #26046395
09/14/2023ListingRemovedZillow Rentals
09/06/2023$895Listed For RentZillow Rentals
08/18/2023ListingRemovedZillow Rentals
06/23/2023$895Listed For RentZillow Rentals
10/30/2019--Sold
MARIS #19059294

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Comparable Sales for 560 E Cherry St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
125 Creech St, Troy, MO
0.21
Multi-Family Home
-
10/03/25
2
2
2,150
10 Kingston Dr, Moscow Mills, MO
3.06
Multi-Family Home
-
12/30/25
6
4
2,160

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 560 E Cherry St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Troy

At least 89 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 89 % Say yards are well-kept

  • 82 % Say parking is easy

  • 77 % Say kids play outside

  • 75 % Say it's dog friendly

  • 67 % Say there's holiday spirit

  • 66 % Say it's quiet

  • 66 % Say people would walk alone at night

  • 51 % Say neighbors are friendly

  • 49 % Say streets are well-lit

  • 47 % Say there are sidewalks

  • 46 % Say there's wildlife

  • 46 % Say they plan to stay for at least 5 years

  • 28 % Say it's walkable to restaurants

  • 26 % Say it's walkable to grocery stores

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Me
    "Relatively safe but weary of drivers on the road and their speed. As well as the increase in random crime lately. "
    0
    Flag
  • Schyannethompson
    "Troy is a smaller town, and there are a lot of small-minded people But they can still be nice. Unfortunately the crime rate is going up."
    0
    Flag
  • Schyannethompson
    "The neighborhood is great for the most part. A lot of people do commute out of town for work or any entertainment. The town itself feels really neighborly and well preserved. The only negative I can produce is the amount of drug use that this town continuously faces and unfortunately it is starting to affect our crime rate and our children."
    0
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  • Lesly G. H.
    "It’s a peaceful place and mostly everyone is nice. There are many beautiful places to visit like cruiver river and other parks. The schools are great also. There are almost no racist people around here which is the most wonderful thing."
    7
    Flag
  • Linda.norton
    "Great neighborhood & over all town. Unity and churches. Friendly communities. Friendly to petsI would recommend Troy to anyone that’s looking for a rule area to live "
    3
    Flag
  • Paula F.
    "We live too far apart to be very friendly. We have spoken and gone to dinner with one couple. Both neighbors have been there to help plow snow when we needed it. "
    0
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  • Katie M.
    "Long, I like living out in the country but it’s far away from family and friends. I usually spend a min of two hours just driving each day. It’s just too far away from everything. "
    4
    Flag
  • Jessica R.
    "We have a very active trick or treat neighborhood. There’s a lot of city run community events throughout the year."
    2
    Flag
  • Brash1972
    "I drive a bus for Troy school district I see many different neighborhoods I’ve driven for a different school and I can honestly say I love this area and the people here are very helpful and friendly the parks are clean and family friendly I love my job and the schools in this area are very good and the students education are their number one priority it’s all in all a great place to live "
    3
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  • hoyt a.
    "I used to live on Sutters Lane. Far away and if it snows you can not leave your house sometimes for days at a time."
    0
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  • Sambalam05
    "Troy is a great area to raise a family! Great schools!"
    0
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  • Dbechtel
    "The area is quiet and neighbors are good."
    0
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  • rickt_62
    "Live in the area. Find it to be well cared for, clean, and friendly"
    0
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LGBTQ Local Legal Protections

Andrew R Burtt, Magnolia Real Estate
Agent Phone: (636) 544-1159
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Click here for more information
560 E Cherry St, Troy, MO 63379 is a 2 bedroom, 1 bathroom, 9,630 sqft multi-family built in 1983. This property is currently available for sale and was listed by MARIS on Jul 20, 2026. The MLS # for this home is MLS# 26046395.