1. Missouri
  2. Troy
  3. 151 Colonial Lane
$399,000

151 Colonial Lane, Troy, MO 63379

  • 2,600 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon1.22acre lot
  • Property Parking Icon 3 car garage
  • Property Price Per Square Feet Icon $153/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

Investment Opportunity in the Heart of Troy, MO - R3 Zoned Property Fantastic development potential on this over 1-acre parcel located right in the heart of Troy. Zoned R3 - Multi-Family Residential, this property currently features a 3-bedroom, 3-bathroom home with an attached 2-car garage and a detached 1-car garage-perfect for storage, workshop space, or future tenant use. Some work is currently being finished on the home, making it even more move-in or rent-ready while you plan your development. A site plan is already in place to expand the property with: • Two duplexes – Each with 3 bedrooms and 2 bathrooms • Two single-family dwellings – Each with 2 bedrooms and 1 bathroom Whether you’re looking to build out a full investment portfolio or add more rental units in a growing area, this property is shovel-ready for your vision. Utilities are accessible, and the central location offers unmatched convenience for future tenants.

Listing Status:
Active
Date Added:
June 23, 2025 at 05:00AM
Listing Office:
Nichols Real Estate : 636-528-9501
MLS ID:
25042804
  • General: Entrance FoyerHigh Speed InternetPantrySeparate Dining
  • Appliances: Electric CooktopDishwasherDisposalMicrowaveOvenRefrigeratorWater Heater
  • Laundry: In HallMain Level
  • Basement: Partially Finished
  • Flooring: VinylWood
  • A/C: Central AirElectric
  • Heating: Baseboard
  • Fireplace: Wood Burning StoveFireplaceFireplaces: 1

This listing courtesy of Nichols Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Claude Brown Elementary School

711 W College St, Troy, MO, 63379

Grades PK-5

0.68 miles away

T

Troy Middle School

713 W College St, Troy, MO, 63379

Grades 6-8

0.71 miles away

T

Troy Buchanan High School

1190 Old Cap Au Gris Rd, Troy, MO, 63379

Grades 9-12

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.