Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Investment Opportunity in Augusta Title is generated by Realmo AI

    112 W Clinton Street, Augusta, MI 49012

    View on Map
    Claim this Listing
    For Sale
    $170,000

    MULTI_FAMILY - Augusta, MI

    Lot size:
    0.22 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 112 W Clinton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1
    Parking
    4
    Basement
    Crawl Space
    Standard status
    Active
    APN
    04-34-360-260
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    VILLAGE OF AUGUSTA S3/4 LOTS 29-30 EXC E 50 FT OF S 60 FT OF LOT 30 * BLK 13 RANGE 6 = V2 169
    Tax Annual Amount
    2421

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Connor Schultze

    Listing agent Connor Schultze License #6501453214

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date Apr 16, 2026

    MLS# 26015905 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three‑unit multifamily at 112 W. Clinton in Augusta, steps from downtown amenities and local businesses
    • All three furnaces replaced within the past five years, with one replaced in 2026
    • Durable metal roof installed by the current owners
    • Two parcels side by side with shared maintenance and operations (property next door to Dig In Cafe)
    • One unit available as of April for a new tenant or potential owner‑occupant
    • Current rents slightly below market with all tenants on month‑to‑month leases

    Overview

    This three-unit multifamily property is located at 112 W. Clinton Street in Augusta, Michigan, near downtown amenities and local businesses. The property has a history of reliable, long-term tenants. The current owners have installed a steel roof. All three furnaces have been replaced within the past five years, with one replaced in 2026. One unit became available as of April, offering flexibility for a new tenant or potential owner-occupant. Current rents are slightly below market, presenting upside potential as all tenants are on month-to-month leases. The lot size is 0.22 acres. A discounted purchase price is available if this property is acquired together with the fully operational Dig In Cafe, located directly next door on West Michigan Avenue. The two parcels sit side by side, allowing for convenient shared maintenance and operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.352714
    Latitude
    42.334735

    Nearby Similar for Sale

    • $550,000
      19,600 SF

      Versatile Commercial Property in Augusta

      Multi-building commercial property with office, business, and storage space.
      600 S Lincoln Street, Augusta, MI 49012
      View Details
    • $399,900
      1,900 SF

      Turnkey Diner in Downtown Augusta

      Operating diner with equipment included in downtown Augusta, Michigan.
      111 W Michigan Avenue, Augusta, MI 49012
      View Details
    • $399,900

      Turnkey Diner in Downtown Augusta

      Operating diner with equipment included in downtown Augusta.
      111 W Michigan Ave, Augusta, MI 49012
      View Details
    • $399,900
      1,900 SF

      Turnkey Diner in Downtown Augusta

      Operating diner with equipment included in downtown Augusta.
      111 W Michigan Ave, Augusta, MI 49012
      View Details
    • $170,000

      Multifamily Investment Opportunity in Augusta

      Three-unit property near downtown Augusta with rental upside.
      112 W Clinton St, Augusta, MI 49012
      View Details
    • $250,000
      6,720 SF

      Versatile Commercial Property Near Kalamazoo

      6720 sq ft commercial property with apartment potential.
      102 S Webster Street Unit 1, Ross Twp, MI 49012
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit multifamily property with rental upside in Augusta, Michigan.
    Where is this triplex located?
    The property is located at 112 W Clinton Street Augusta, MI.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Three‑unit multifamily at 112 W. Clinton in Augusta, steps from downtown amenities and local businesses; All three furnaces replaced within the past five years, with one replaced in 2026; Durable metal roof installed by the current owners
    (269) 370-6437
    We can help!
    Listing Contact
    Connor Schultze
    Real Estate License ID: 6501453214
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    112 W Clinton Street, Augusta, MI 49012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!