$155,900
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
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.
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.
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.
Troy Elementary
Elementary · 0.6 mi
West Middle
Middle
Montgomery Early College
High
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.
Charming bungalow in central Troy offers affordability and potential for value appreciation with updates.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$140K
Midpoint
$156K
High
$171K
$161/SF estimated price per square foot
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.
Stable population with modest income levels. Walkability Rating estimate: 50/100.
Located near downtown Troy with access to schools, government offices, and community college.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$119/SF
Arm's length transaction
$26/SF
Arm's length transaction
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