560 E Cherry St, Troy, MO 63379
Property image
Property image
FOR SALE
0.41 ACRES
Listed by Andrew R Burtt, Magnolia Real Estate, (636) 544-1159

$1,150,000

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

560 E Cherry St, Troy, MO 63379

Est. Mortgage $6,743/mo*
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Home Highlights

Multi-Family
Built in 1983
0.41 acre lot
$119/sqft

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

About this House

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 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: 19

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

Around this home

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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • Sambalam05
    "Troy is a great area to raise a family! Great schools!"
    0
    Flag
  • Dbechtel
    "The area is quiet and neighbors are good."
    0
    Flag
  • rickt_62
    "Live in the area. Find it to be well cared for, clean, and friendly"
    0
    Flag

Market trends in Troy

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$307K
$2.11KMoM
Sale-to-List Price
100.1%
0.3%MoM
Price per sq ft
$188
$2MoM
Available listings
67
3MoM

Home Value

Trulia Estimate
$1.08M
Since last month
Decreased$20K (-1.8%)
Since last year
Decreased$20K (-1.8%)
Since last sale
Increased$401K (+58.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +353% in the last 10 years
MonthEstimated value
2026
August 2026$1.08M
August 2026$1.08M
July 2026$1.1M
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
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 home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
611 E Cherry St, Troy, MO 63379
0.05
-
-
-
-
Recently Sold
540 E College St, Troy, MO 63379
0.09
$181,000
2
1
858
Off Market
620 E College St, Troy, MO 63379
0.09
-
2
1
832
Recently Sold
535 E College St, Troy, MO 63379
0.12
$231,000
3
1
1,085
Off Market
611 E College St, Troy, MO 63379
0.11
$188,800
4
1
1,220
Off Market
621 E College St, Troy, MO 63379
0.11
$300,300
4
2
2,116
Off Market
410 E College St, Troy, MO 63379
0.15
$277,600
3
2
2,016
Off Market
17 Melody Ln, Troy, MO 63379
0.11
$270,900
4
4
1,920
Off Market
5 Melody Ln, Troy, MO 63379
0.12
$467,000
2
2
960
Off Market
606 Kuhne Hts, Troy, MO 63379
0.15
$281,100
4
2
-
Off Market
530 Hall St, Troy, MO 63379
0.16
-
3
1
925
Recently Sold

Price and Tax history

DateEventPrice
Jul 20, 2026
Source: MARIS #26046395
Listed For Sale
$1,150,000
Sep 14, 2023
Source: Zillow Rentals
ListingRemoved
Sep 6, 2023
Source: Zillow Rentals
Listed For Rent
$895
Aug 18, 2023
Source: Zillow Rentals
ListingRemoved
Jun 23, 2023
Source: Zillow Rentals
Listed For Rent
$895

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

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Frequently asked questions about 560 E Cherry St

  • What is the estimated monthly payment for 560 E Cherry St?
    Based on a $1,150,000 list price with 20% down at today's rates, the estimated monthly payment for 560 E Cherry St in Troy, MO is approximately $6,880 (about $6,086 principal & interest, $719 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 560 E Cherry St compare to homes in Troy?
    560 E Cherry St in Troy, MO is listed at $1,150,000, about 274% above the $307K median sale price in Troy.
  • What do residents say about Troy?
    Residents describe Troy, MO as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See homes for sale in Troy, MO.
  • What are the closest schools to 560 E Cherry St?
    The closest schools to 560 E Cherry St in Troy, MO are Main Street Elementary School (Pre-K, rated 5/10), Troy Buchanan High School (rated 6/10), Troy Middle School (rated 6/10).
  • Does 560 E Cherry St have air conditioning?
    Yes, 560 E Cherry St in Troy, MO has air conditioning.
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.