Troy Multifamily Buyer
Sell Your Commercial Property In Troy, MI
We are an active buyer of Troy commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Birmingham · Clawson · Rochester Hills · Madison Heights — Oakland County, MI
Market Snapshot
Renter Demand In Troy
Troy, Michigan is a higher-income Oakland County suburb where renters hold just 26.7% of the city's 33,372 occupied homes, under ACS 2020–2024 estimates, well below the statewide big-city average. Median household income reaches $120,045 and median gross rent is $1,602 a month, both above the Oakland County figures. Big Beaver Road corporate offices, the Somerset Collection and automotive supplier firms anchor steady tenant demand. Owners who plan to sell commercial property in Troy, MI, or who want to sell your apartment building in Troy, should weigh Troy's tax reset rules first.
Big Beaver Road offices
Kelly Services and Meritor keep Fortune 500 world headquarters in Troy, among 6,000-plus businesses employing about 129,000 people citywide.Somerset Collection retail
The Somerset Collection in Troy lists more than 180 specialty stores, drawing year-round retail and hospitality employment to the city.Automotive engineering and suppliers
Troy hosts nearly 200 foreign-based companies, including Delphi and Magna offices, among the automotive engineering firms clustered in the city.Our Buy Box
What We Buy In Troy
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Troy Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Troy
Renters hold 26.7% of Troy's 33,372 occupied homes, or 8,926 households, under ACS 2020–2024 estimates, below Oakland County's 27.3% renter share. Just 18.2% of Troy's housing sits in buildings of five or more units, against 14.9% countywide, and the median Troy home dates to 1977, with 58.3% of units built before 1980. Rental vacancy in Troy was 6.1% in the same survey.
Rents and affordability in Troy
Troy's median gross rent is $1,602 a month, ACS 2020–2024, above Oakland County's $1,376, while median household income reaches $120,045 against $97,760 countywide. Only 32.3% of Troy renters pay 30% or more of income on housing, versus 42.2% countywide. Owners who plan to sell commercial property in Troy, MI often weigh these rents against HUD's FY2027 fair market rents below.
| Unit size | HUD FMR FY2027 |
|---|---|
| Efficiency | $1,047 |
| 1 bedroom | $1,167 |
| 2 bedroom | $1,459 |
| 3 bedroom | $1,777 |
| 4 bedroom | $1,929 |
Property taxes in Oakland County
Troy's published non-homestead millage totals 50.2774 mills in the Troy school district, per the city's Assessing Department. A sale resets taxable value to the state equalized value, capped at 50% of true cash value under Michigan's constitution and MCL 211.27a, so a $2,000,000 Troy apartment sale lands near a $1,000,000 taxable value and about $50,277 a year in tax. State and county transfer tax together run $4.30 per $500 of value, or about $17,200 on that sale, a cost worth modeling before anyone decides to sell commercial real estate in Troy, MI.
Landlord rules in Troy
Michigan caps security deposits at 1.5 times monthly rent under MCL 554.602, and Troy landlords must return deposits or itemize damages within 30 days under MCL 554.609. Nonpayment notices need 7 days under MCL 554.134, and month-to-month tenancies end on one month's notice under the same section. State law bars local rent control under MCL 123.411, so Troy itself sets no rent caps.
What this means for a Troy owner
Troy pairs a smaller renter base with higher incomes than most Michigan cities, backed by Big Beaver Road employers and the Somerset Collection. An owner ready to sell commercial property in Troy, MI should price the post-sale tax reset before they sell multifamily property in Troy. Our cap rate calculator and seller page explain how we underwrite Troy buildings.
Good To Know
Pricing Your Building In Troy
More about selling in Michigan →Investing in Troy? See apartment syndications in Troy →
- Troy's non-homestead millage runs 50.2774 mills in the Troy school district, per the city's Assessing Department table.
- A Troy sale resets taxable value to the SEV before owners sell commercial real estate in Troy, MI.
- Michigan law preempts local rent control, so Troy leases, deposits and eviction notices follow the state's landlord-tenant statutes.
Seller Guides
Troy Seller Situations
Learn More
Taxes & Rules For Troy Property
The Michigan rules that shape any deal in Troy: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Troy Seller FAQ
Is now a good time to sell commercial property in Troy, MI?
Troy's 26.7% renter share and $120,045 median income, per ACS 2020-2024 estimates, support stable demand, and the Somerset Collection and Big Beaver Road employers add tenant draw. Owners selling commercial property in Troy should still price Troy's 50.2774-mill tax reset into their numbers first.
What is the average rent in Troy, Michigan?
Census ACS 2020-2024 estimates put Troy's median gross rent at $1,602 a month, above Oakland County's $1,376. HUD's FY2027 fair market rents for the Detroit-Warren-Livonia area run from $1,167 for a one-bedroom to $1,459 for a two-bedroom, below Troy's citywide median.
What is the property tax rate on apartment buildings in Troy?
Troy's assessing department lists a non-homestead total of 50.2774 mills in the Troy school district. A sale resets taxable value to the state equalized value, half of true cash value, so a $2,000,000 building would owe about $50,277 a year after a sale closes.
Does Troy, Michigan have rent control?
No. Michigan's Act 226 of 1988, MCL 123.411, bars any local government from enacting or enforcing rent control ordinances. Troy leases, security deposits and eviction notices instead follow statewide landlord-tenant law, including the Revised Statutes of 1846 and the Revised Judicature Act.
What should I know before I sell commercial real estate in Troy, MI?
Troy's 18.2% share of housing in 5+ unit buildings is below Oakland County's 14.9% baseline for its income level, and its tax reset to 50.2774 mills applies at closing. Our cap rate calculator and seller page model both before an owner lists a Troy building.
Do I need to fix up my Troy building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Do you work with Troy brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Troy, and we keep every conversation confidential.
Is it possible to sell rental property in Troy without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Troy?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Get An Offer Review In Troy
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
