62 Raw Acres for Multi-Family Housing in Troy, AL

Prime Multi-Family Development Opportunity – 62 Acres in Troy, Alabama Located just one mile from U.S. Highway 231, this exceptional ±62-acre property is situated within the highly desirable Oak Park Subdivision in Troy, Alabama. Zoned for multi-family housing (R3/A1), the tract offers outstanding potential for residential development or long-term investment. The property features approximately 57.7± acres of R3/A1-zoned land, complemented by a scenic 4.3±-acre with frontage along Oak Park Drive. Around 15± acres are mostly cleared, with some areas of young pine growth. 43± acres consist of mature timber with a balanced mix of pine and hardwood, offering both aesthetic value and potential timber income. With its strategic location and attractive natural features, this property represents a rare investment opportunity in one of Troy’s most promising growth corridors.