Property listing for 1120 N Main St, Troy, NC 27371
For SaleSingle Family Home

$155,900

1120 N Main St, Troy, NC 27371

Classic 1926 Bungalow on a Spacious 0.44‑Acre Lot in Troy

2 Bed · 1 Bath · 968 Sq Ft

Charming hardwood floors, fireplace, and big-yard potential near downtown

2

Beds

1

Baths

968

Sq Ft

1926

Built

0.44 acres

Lot

About 1120 N Main St

This bungalow announces itself with old‑town character and an unusually generous yard for a Main Street address. Set on a level 0.44‑acre parcel with frontage on N Main St, 1120 N Main St offers 968 square feet of single‑story living where original hardwood floors and a working fireplace remain focal points. The footprint is compact and comfortable — two bedrooms and one full bath — but the property’s true value is the outdoor space and location close to downtown Troy.

Inside, the home shows vintage details that will appeal to buyers who appreciate period character: hardwood floors underfoot, classic proportions in the living area, and a fireplace that anchors gatherings. The roof is asphalt shingle; cooling is currently provided by a wall unit and the property does not list a central heating system, so buyers should plan for mechanical updates. Practical systems aside, the layout lends itself to thoughtful cosmetic refreshes or a modest renovation that preserves the home’s historic feel while adding contemporary comforts.

The lot invites many possibilities — substantial yard room for gardening, a workshop, future garage, or kids’ play area — rare for an in‑town parcel. Driveway parking accommodates two vehicles. Utilities are municipal water and sewer, and the property is served by Piedmont Natural Gas and Duke Energy. Zoned R‑1 for single‑family residential use, this home is ideal for first‑time buyers, downsizers seeking one‑level living, or investors looking for a value‑add rental close to schools and community amenities.

Location is a standout: just 0.5 miles from the Montgomery County Courthouse, 0.6 miles to Troy Elementary, and roughly 1.2 miles to Montgomery Community College. Downtown Troy’s small‑town rhythms — local shops, civic buildings, and community events — are all within a short walk or drive. The home last sold in June 2022 for $115,000 and sits in a market where median area sales are around $160,000; with the right updates, this property offers upside in a stable, slowly appreciating local market.

Buyers should verify systems, roof and foundation condition, and exact lot boundaries during inspection (see audit notes). With period charm, a sizable lot, and a central location, 1120 N Main St is a rare opportunity to secure an affordable bungalow in the seat of Montgomery County.

Home Highlights

Original hardwood floors and working fireplaceExpansive 0.44‑acre lot with Main Street frontageAffordable price band with renovation upsideSingle‑story, easy‑access bungalow layoutOwner‑occupied; well‑suited for homeowners or investors

Property Features

Interior Features

  • Hardwood floors throughout main living areas
  • Working fireplace in living room
  • Single‑story layout — 968 sq ft
  • 2 bedrooms, 1 full bathroom
  • Wall unit cooling (no central heating listed)

Exterior & Lot

  • 0.44‑acre level lot with Main Street frontage
  • Driveway parking for approximately 2 vehicles
  • Asphalt shingle roof
  • Generous yard space with room for additions or outbuildings
  • Zoning: R‑1 (Single‑Family Residential)

Location & Neighborhood

  • 0.5 miles to Montgomery County Courthouse
  • 0.6 miles to Troy Elementary School
  • ~1.2 miles to Montgomery Community College
  • Short distance to downtown Troy shops and civic services
  • Served by Montgomery County Schools

Walkability & Recreation

  • Walkability Rating: 50/100 — Some walkable amenities
  • Close to downtown amenities and civic destinations
  • Community college (recreational classes/facilities) within 1.2 miles
  • Short drives to regional parks and outdoor recreation
  • Neighborhood sidewalks and level streets for walking

Neighborhood & Location

Troy is the county seat of Montgomery County and offers a small‑town lifestyle with convenient civic amenities. Residents enjoy proximity to the courthouse, local schools, community college, and a compact downtown with shops and services. The area attracts buyers seeking an affordable, walkable in‑town experience with the calm of a residential main street and easy access to nearby county parks and regional roadways. Schools are served by Montgomery County Schools, and the community hosts seasonal events and local gatherings that reinforce its close‑knit character.

Market Insights

Local market data points to a buyer‑leaning environment with pockets of steady demand. Montgomery County and Troy specifically show a median sale price near $160,000 and modest appreciation — roughly 5% over the past year and about 15% over five years. Inventory sits at approximately 3.5 months with an average days‑on‑market near 98, indicating homes in this price band often take longer to move than in faster metro markets. Comparable recent sales in the immediate area range widely: nearby smaller homes closed from about $53,500 to $125,300 in the last 12–18 months, reflecting condition and lot differences; price per square foot among comps varies from roughly $48 to $149.

Single‑family bungalows and small homes in Troy perform as affordable entry points for owner‑occupants and buy‑and‑hold investors. Rental comparables and rental estimates suggest a reasonable gross yield (estimated monthly rent around $1,114 and rent per sf roughly $1.15 in comparable units), supporting investment interest. Given the inventory level and longer DOM, buyers have negotiating leverage, while buyers willing to invest in mechanical upgrades and targeted renovations can capture appreciable value. Sellers should price realistically and be prepared to address condition items; buyers should capitalize on a market where quality, affordable homes near downtown are available but demand is steady enough to support long‑term appreciation.

Nearby Schools

Troy Elementary

Elementary · 0.6 mi

N/A

West Middle

Middle

N/A

Montgomery Early College

High

N/A

Walkability & Recreation

50
Walkability
55
Recreation

Moderate access to outdoor recreation — downtown green spaces and community college facilities are close by, with additional regional parks and trails a short drive away.

Investment Highlights

  • Affordable price point with estimated value between $140,000 and $171,000
  • Located near downtown Troy with access to schools and government offices
  • Hardwood floors and fireplace add to the property's charm
  • 0.44-acre lot provides ample outdoor space

Key Findings

  • Last sold in June 2022 for $115,000 ($119/SF)
  • Built in 1926 with 968 SF of living space
  • Located 0.5 miles from Montgomery County Courthouse
  • Median sale price in area: $160,000; average days on market: 98

Things to Consider

  • Built in 1926; potential for outdated systems requiring updates
  • Heating system listed as 'none'; may require installation or upgrade
  • Cooling provided by wall unit; may not be sufficient for all seasons

Opportunity Analysis

Charming bungalow in central Troy offers affordability and potential for value appreciation with updates.

Potential Use Scenarios

  • Ideal for first-time homebuyers seeking affordable entry into the market
  • Potential for renovation to increase property value
  • Suitable for rental investment given proximity to schools and community college

Risk Factors

  • Age of property may require significant updates
  • Lack of central heating and cooling systems
  • Market trends indicate longer days on market

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$140K

Midpoint

$156K

High

$171K

$161/SF estimated price per square foot

75% confidence

Sales comparison approach using recent sales of similar properties in Troy, NC. Adjusted for size, condition, and lot size.

As of 2026-03-06

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$160,000
Avg Days on Market98 days
Inventory3.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)2,850
Median Income (1 mi)$37,982

Stable population with modest income levels. Walkability Rating estimate: 50/100.

Nearby Points of Interest

  • Montgomery County Courthouse (0.5 mi)
  • Troy Elementary School (0.6 mi)
  • Montgomery Community College (1.2 mi)

Located near downtown Troy with access to schools, government offices, and community college.

School District

DistrictMontgomery County Schools
ElementaryTroy Elementary
MiddleWest Middle
HighMontgomery Early College

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1926
Constructionwood frame
Stories1
Roofasphalt shingle
Heatingnone
Coolingwall unit
Basementnone
FireplaceYes
Conditionaverage

Lot & Site

Lot Size0.44 acres (19,166 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
FrontageFrontage on N Main St

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-1
DescriptionSingle-Family Residential
JurisdictionTown of Troy

Allowed Uses

single familyhome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$65,282
Land$65,282
Improvements$0
Annual Tax (2024)$401

Sale History

2022-06-01$115,000

$119/SF

Arm's length transaction

2011-04-06$25,000

$26/SF

Arm's length transaction

Find a Local Agent

Looking to buy or sell? Connect with a licensed local agent who knows this area.

Request a Showing

Your inquiry will be connected with a licensed local real estate professional through our brokerage partner.

Are You a Local Agent?

No agency is currently featured for this market. Join the CompCasa Local Partner Program to get your brokerage placed on property pages like this one.

Learn About the Partner Program

CompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.