Video tour
$3,283 Closing Credit¹
#9672487, Nichole Jack Johnson, Listing Office: Elevate Texas Real Estate
$305,000 List price
507 S Central Ave Troy, TX 76579
$3,622
Closing credit¹
3 beds
1 full
2,720 sqft
0.7 acres
$112 / sqft
House
Property details
About 507 S Central Ave
**For Sale: .74 Acre Property with 2 homes zoned GENERAL BUSINESS(COMMERCIAL) BY CITY OF TROY, each HOME with its own water and electric meter. House 1 is a Turn-of-the-Century Farmhouse built in 1918 with SOLID BONES offering 3 Bedrooms, 1 Bath, Parlor Room, Living and Dining Rm Combo, Kitchen, and Laundry Rm. House 2 is solid & was built in the late 90's by Jim Walter Homes features Central Heat and Air, 4 Beds 2 Baths, Dining and Kitchen. Discover an exceptional investment opportunity along the northbound I-35 service road in Troy, Texas. This 0.74-acre property features 2 homes that will need some attention, but already brimming with historical character and RENTAL INCOME potential. **Property Highlights:** - **Location:** Situated strategically along the northbound I-35 service road, offering high visibility and easy access. - **Size:** Generous 0.74-acre lot, providing ample space for various development opportunities or ready for Rental Income. - **Zoning is General Business by the City of Troy for future commercial usage, aligning with upcoming development plans for the area. This property presents a unique blend of historical appeal and prime commercial potential. Whether you’re looking to invest in a property with two rental homes or explore redevelopment possibilities, this site offers a compelling canvas for your vision. Don’t miss out on the chance to be part of Troy’s exciting growth and transformation! **Contact us today** to learn more about this remarkable property and explore the possibilities that await.
Highlights
Home typeSingle Family Residence
StatusActive
CoolingCeiling Fan(s), None
Size2,720 sqft
Lot size0.742 Acres
Year built1918
MLS #556031
Summary
- MLS Number: 556031
- MLS Name: CentralTexas
- Office Name: Homestead Real Estate
- Office Phone: (254) 238-7021
- Listing Agent: Joe Olivares
Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2025 Central Texas MLS, All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 3/9/2025, 9:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$305,000
507 S Central Ave
$3,622
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $248,878 | $3,433 |
| 2023 | $225,117 | $3,502 |
| 2022 | $199,109 | $3,502 |
| 2021 | $152,914 | $3,172 |
| 2020 | $153,494 | $3,453 |
| 2019 | $144,610 | $3,366 |
| 2018 | $141,416 | $3,366 |
| 2017 | $137,903 | $3,282 |
History based on county public records data.
Nearby schools
6
Troy Elementary School
Public District 2-5
0.5 mi
•808 E Austin St
5
Jefferson Elementary School
Public District PK-5
5.9 mi
•2616 N 3rd St
7
Kennedy - Powell Elementary School
Public District PK-5
7.2 mi
•3707 W Nugent Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $65,270. Most Troy, TX residents have annual incomes between $35k-100k. Most families are married, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
22%
<35k
54%
35k-100k
23%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
29%
Single, No Kids
12%
Single, with Kids
33%
Married, No Kids
26%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
43%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Hunting
Monster Trucks
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Dollar General
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
Ram
GMC
What do the neighbors listen to?
New Country
Classic Country- Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 507 S Central Ave
This home is located at 507 S Central Ave in Troy, TX and zip code 76579. This 2,720 square foot home, which was built in 1918, sits on a 0.74 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $305,000.
From Rocket Homes Real Estate and based on county public records data.