Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    190 Maple St Concord, MI 49237

    Sponsored
    For Sale
    $799,999

    MULTI_FAMILY - Concord, MI

    Lot size:
    0.48 Acres
    Days on Market:
    22
    Last Refresh:
    Feb 24 at 7:06 pm

    Property Features for 190 Maple St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 8, Bedroom 9, Bedroom 10, Bedroom 4, Bedroom 11, Bedroom 13, Bathroom 7, Bathroom 2, Bedroom 3, Basement, Bedroom 2, Bathroom 6, Bedroom 6, Bedroom 7, Bathroom 5, Bedroom 1, Bathroom 3, Bedroom 12, Bedroom 5, Bathroom 1, Bathroom 4
    Bedrooms
    13
    APN
    003-11-27-327-035-01
    Parking
    12
    Parking features
    Driveway
    Basement
    Walk-Out Access, Full, Daylight
    Lot size
    0.48 Acres

    Utilities

    Heating system
    Steam

    Building Details

    Year built
    1957
    Number of units
    7
    Building materials
    Brick

    We can help!

    Listing Contact
    Eric Leighton

    Home 1st Real Estate (517) 780-8090

    Listing agent Eric Leighton (517) 240-2748

    Listing date Feb 3, 2026

    MLS# 26003827

    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.

    Learn more

    Property Insight Report

    Overview

    Seven-Unit Investment Property Available

    This is a seven-unit investment property. Recent updates to three of the vacant units are expected to increase rental value. There is potential for rent increases on the remaining four units. Each unit includes storage space in the basement, separate meters, and a one-car garage. The property is located in Concord, Michigan, and the lot size is 0.48 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Concord
    County
    Jackson
    State
    Michigan
    Longitude
    -84.646756
    Latitude
    42.176414

    Nearby Similar for Sale

    • $310,000
      5,245 SF

      Restored Bank Building in Concord

      Meticulously restored 5,245 SF commercial building in Concord, Michigan.
      101 S Main St, Concord, MI 49237
      View Details
    • $310,000
      5,245 SF

      Concord, MI Retail Opportunity

      Retail property for sale in Concord, Michigan.
      101 S Main St, Concord, MI 49237
      View Details
    • $170,000
      1,800 SF

      Updated Restaurant Building with Parking

      Updated restaurant building with equipment, seating, and high traffic.
      107 E Jackson Rd, Concord, MI 49237
      View Details
    • $170,000
      1,800 SF

      Retail Property in Concord, MI

      Retail property for sale in Concord, Michigan, featuring 1800 square feet.
      107 E Jackson Rd, Concord, MI 49237
      View Details
    • $259,900
      4,716 SF

      Commercial Building in Concord, Michigan

      Commercial building with high ceilings and mill pond frontage.
      101 Spring Arbor Rd, Concord, MI 49237
      View Details
    • $259,900
      4,716 SF

      Concord, MI Business Opportunity

      Commercial property in Concord, Michigan, suitable for various business ventures.
      101 Spring Arbor Rd, Concord, MI 49237
      View Details
    • $99,900
      764 SF

      Turnkey Commercial Space in Concord

      Fully furnished, updated commercial space suitable for various small businesses.
      107 Homer Rd, Concord, MI 49237
      View Details
    • $99,900
      764 SF

      Retail Opportunity in Concord, MI

      Retail property for sale in Concord, Michigan with 764 SF.
      107 Homer Rd, Concord, MI 49237
      View Details
    • $799,999
      9,516 SF

      Concord, MI - Multifamily Property

      Multifamily property in Concord, MI with over five units.
      190 Maple St, Concord, MI 49237
      View Details
    • $299,900

      Commercial Building on Corner Lot

      Commercial building with high ceilings and overhead doors for sale.
      101 Spring Arbor Rd, Concord, MI 49237
      View Details
    • $299,900
      4,716 SF

      Concord Commercial Building - Prime Location

      High-traffic corner lot, 4716 sq ft, great potential.
      101 Spring Arbor Rd, Concord, MI 49237
      View Details

    FAQs

    What type of property is this?
    Apartment building - Seven-unit investment property with recent updates and rental upside.
    Where is this apartment building located?
    The property is located at 190 Maple St Concord, MI.
    What is the asking price?
    The asking price for this property is $799,999.
    What are key features of this property?
    This property features: - Investment property with 7 units.; - Opportunity for substantial rental value increase with recent updates to 3 vacant units.; - Potential for rent raises on the remaining 4 units.
    (517) 787-9800
    Request Owner's contact information
    190 Maple St Concord, MI 49237
    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.
    190 Maple St
    Concord, MI 49237
    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
    190 Maple St Concord, MI 49237
    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

    We can help!
    Listing Contact
    Eric Leighton
    Real Estate License ID: 6501398494
    (517) 787-9800 (517) 240-2748 (517) 780-8090
    Learn more
    Google sign-in failed. Please try again or use another login method.