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    113 W Liberty St South Lyon, MI 48178

    For Sale
    $398,000

    Triplex - South Lyon, MI

    Type:Triplex
    Property size:
    2,500 SF
    Lot size:
    0.31 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 8 at 5:06 pm

    Property Features for 113 W Liberty St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    2130232004
    Parking
    5
    Parking features
    On Street
    Interior features
    Cable Available
    Basement Y/N
    1
    Size
    2,500 SF
    Lot size
    0.31 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air, Natural Gas, Wall Furnace

    Building Details

    Year built
    1910
    Year renovated
    2025
    Floors in Building
    2
    Architectural style
    Other

    RE/MAX Classic (248) 737-6800 [email protected]

    Listing agent Stephen Oaks (248) 737-6800

    Listing date Nov 24, 2025

    MLS# 20251051611 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Triplex in Downtown South Lyon

    This triplex, situated in the heart of downtown South Lyon, features three units ready for a new owner. The property spans 2500 square feet and sits on a 0.31-acre lot. Each unit has separate gas and electric meters, with utilities paid by the tenant. Recent updates have been completed, and the units are being prepared for new tenants. The main floor unit includes three bedrooms, a living room, and a dining area with hardwood floors. The kitchen features granite counters, appliances, and LVL flooring. The bathroom has been updated, and the bedrooms have new carpeting. The two upstairs units each have one bedroom, fresh paint, updated bathrooms, appliances, and new LVL flooring in the kitchens. The property is zoned for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6520165
    Latitude
    42.4593241

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    FAQs

    What type of property is this?
    Triplex - Three updated units in the heart of downtown South Lyon.
    Where is this triplex located?
    The property is located at 113 W Liberty St South Lyon, MI.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: - Three units in a desirable downtown location.; - Separate gas and electric meters for each unit, paid by tenants.; - Recently updated units, ready for immediate rental.
    (248) 737-6800
    Request Owner's contact information
    113 W Liberty St South Lyon, MI 48178
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    South Lyon, MI 48178
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    Realmo Value Estimation

    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.

    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.

    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
    113 W Liberty St South Lyon, MI 48178
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