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)
2 Beds
1 Bath
9,630 sqft
(on 0.41 acres)
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$119
Listed
1 day ago
Local Information
- Map ViewExplore the area around 560 E Cherry St.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
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.
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
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MLS Status: Active |
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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 |
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Exterior Home Features No Private Pool |
Parking & Garage No CarportNo Garage |
Frontage Not on Waterfront |
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Days on Market: 1 |
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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 |
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Price List Price: $1,150,000Price Per Sqft: $119 |
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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 |
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Listing Agent Listing ID: 26046395 |
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Building Area Building Area: 9630 Square Feet |
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Association for this Listing: St. Charles County Association of REALTORSNo HOA |
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Lot Area: 0.41 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, Other |
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Mls Number: 26046395Showing Requirements: Appointment Only, Do Not Disturb Tenant, Show With Contract |
Last check for updates: about 2 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
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
| Date | Price | Event | Source |
|---|---|---|---|
| 07/20/2026 | $1,150,000 | Listed For Sale | MARIS #26046395 |
| 09/14/2023 | ListingRemoved | Zillow Rentals | |
| 09/06/2023 | $895 | Listed For Rent | Zillow Rentals |
| 08/18/2023 | ListingRemoved | Zillow Rentals | |
| 06/23/2023 | $895 | Listed For Rent | Zillow 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 |
|---|---|---|---|---|---|---|---|
0.21 | Multi-Family Home | - | 10/03/25 | 2 | 2 | 2,150 | |
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.
SOLDNOV 17, 2025Berkshire Hathaway HomeServices Select Properties
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Assigned Schools
These are the assigned schools for 560 E Cherry St.
- Troy Middle School
- 6-8
- Public
- 732 Students
6/10GreatSchools RatingParent Rating AverageI was a student at that school who was severely bullied and cornered into a bathroom by 4 girls and got a big threat after that me and my mom went to the principal it was found that all my claims were true and ONLY ONE GIRL the one who was speaking to me about fighting me was gave Iss for ONE DAY with no further punishment and was able to join school teams along with the other girls. All the girls played a big role but the school did not care.Other Review1y ago - Troy Buchanan High School
- 9-12
- Public
- 2148 Students
6/10GreatSchools RatingParent Rating AverageAbove and beyond best school I love it and I would do it all the time if I couldStudent Review5mo ago - Main Street Elementary School
- PK-5
- Public
- 423 Students
5/10GreatSchools RatingParent Rating AverageAbsolutely disgraceful how a 2nd grade teacher can tell parents in a parent teacher meeting that “it’s easier to give them all 2’s in reading?” To a student who is reading well above reading level. (We had the student tested by an elementary school teacher from another district.) Not at all impressed with Lincoln county and small children.Other Review6mo ago 
Check out schools near 560 E Cherry St.
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Andrew R Burtt, Magnolia Real Estate
Agent Phone: (636) 544-1159
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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.