Description
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....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.
- Listed by Ashley Nichols • Nichols Real Estate
- Listed by Robert Nichols • Nichols Real Estate
Property Details for 151 Colonial Lane
Property Details for 151 Colonial Lane
| Status | Active |
|---|---|
| MLS # | 25042804 |
| Days on Market | 185 |
| Taxes | $2,202 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / 2-4 Units |
| Year Built | 1958 |
| Lot Size | - |
| County | Lincoln County |
Location
Building Information for 151 Colonial Lane
Payment Calculator
$2,155 per month
30 year fixed, 6.28% Interest
$1,972
$184
$0
Property Information for 151 Colonial Lane
- City: Troy
- County Or Parish: Lincoln
- Latitude: 38.977537
- Longitude: -90.974191
- Postal Code: 63379
- State Or Province: MO
- Sub division Name: n/a
- List AOR: East Central Board of REALTORS
- Parcel Number: 157025003003015000
- Tax Annual Amount: $2,202.00
- Tax Year: 2024
- Attached Garage: Yes
- Carport Spaces: 0.0
- Carport: No
- Garage Spaces: 3.0
- Garage: Yes
- Parking Features: Additional Parking, Attached, Basement, Circular Driveway, Concrete, Detached
- Parking Total: 3.0
- Elementary School: Main Street Elem.
- High School: Troy Buchanan High
- High School District: Troy R-III
- Middle Or Junior School: Troy Middle
- Living Area: 2600.0
- Lot Size Acres: 1.22
- Lot Size Source: Survey
- Property Sub Type: 2-4 Units
- Property Type: Residential Income
- Above Grade Finished Area: 2190.0
- Above Grade Finished Area Source: Public Records
- Documents Count: 4
- Photos Count: 14
- Year Built: 1958
- Disclosures: Agent Owned
- Construction Materials: Other
- Utilities: Cable Available, Sewer Connected, Water Connected
- Water Source: Public
- Appliances: Electric Cooktop, Dishwasher, Disposal, Microwave, Oven, Refrigerator, Water Heater
- Basement: Partially Finished
- Basement YN: Yes
- Bathrooms Full: 0
- Bathrooms Half: 0
- Bedrooms Total: 0
- Cooling: Central Air, Electric
- Fireplace Features: Wood Burning Stove
- Fireplaces Total: 1
- Fireplace: Yes
- Heating: Baseboard
- Interior Features: Entrance Foyer, High Speed Internet, Pantry, Separate Dining
- Laundry Features: In Hall, Main Level
Property History for 151 Colonial Lane
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 23, 2025 | Listed (Active) MARIS #25042804 | $399,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/23/2025 | Listed (Active) MARIS #25042804 | $399,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 151 Colonial Lane
Schools near 151 Colonial Lane
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | K to 8 |
Rating | School | Distance |
|---|---|---|
Main Street Elementary School PublicPK to 5 | ||
Troy Middle School Public6 to 8 | ||
Troy Buchanan High School Public9 to 12 | ||
Sacred Heart School PrivateK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Nichols Real Estate
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/26/2025 09:35 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.