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Ranch Duplexes with Attached Garages
For Sale
$519,000

10195 S Lake Station Avenue, Lake, MI 48632

MULTIFAMILY, 1 Story, Lake, MI

Property Size8,128 SF
Lot Size1.25 Acres
Price / SF$63.85
Days on Market457

Property Features for 10195 S Lake Station Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 2
Parking features Garage
Appliances Range/Oven, Refrigerator
Subdivision metes & bounds
Lot features Unpaved
Elementary school district Farwell Area Schools
Middle school district Farwell Area Schools
High school district Farwell Area Schools
Standard status Active
APN 18-013-026-100-08
Size 8,128 SF
Lot size 1.25 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Heating system Baseboard
Cooling system Central Air
Water source Private

Amenities

pantry
private deck

Building Details

Year built 1999
Floors in Building 1
Number of units 4
Architectural style Ranch
Listing Agency: REISS REAL ESTATE INC.
Listed By: ALAN REISS · License #6502123263
Added: Jun 16, 2025 Changed: Sep 13 Last Checked: Sep 15 at 10:06PM
MLS# 50178503

Copyright © 2026 Clare Gladwin Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property includes two ranch-style duplex buildings totaling 8,128 square feet on 1.25 acres. Built in 1999, the property contains four units, with each residence offering two bedrooms, one full bathroom, and an open living, dining, and kitchen arrangement. Additional features include a pantry, baseboard heating, central air conditioning, an attached garage, and a range/oven and refrigerator in each unit. One private well serves each structure.

The buildings have frontage along the blacktop surface of S Lake Station Avenue, just south of the Village of Lake in Clare County. Crooked Lake and Perch Lake are identified nearby. All units are tenant-occupied, and showings are available by advance appointment.

Key Highlights

  • Two duplex structures with four total residential units
  • 8,128 square feet on 1.25 acres
  • Each unit includes 2 bedrooms and 1 full bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Parking Lot & Garage Storage Facility Garden Center Cafe & Coffee Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 48632, MI

4,987
Population
4,389
Households
1.1
Avg Household Size
52
Median Age
14%
College-Educated
90%
High-School Grad
123.2 sq mi
ZIP Area
40
Density / Sq Mi
$51,740
Median Household Income
$30,467
Median Earnings
$846
Median Rent
$130,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two ranch-style duplex buildings provide four residential units with private garages and individual well service.
Where is this duplex located?
The property is located at 10195 S Lake Station Avenue Lake, MI.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two duplex structures with four total residential units; 8,128 square feet on 1.25 acres; Each unit includes 2 bedrooms and 1 full bathroom
More about this property
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