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

    206-208 N Howell St Owosso, MI 48867

    Sponsored
    For Sale
    $124,900

    Multi-Family - Owosso, MI

    Property size:
    2,042 SF
    Lot size:
    0.20 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 206-208 N Howell St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    050-003-004-00
    Parking features
    Garage, Garage - Detached
    Size
    2,042 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air, Gravity

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Kris Delaney
    Kris Delaney

    Keller Williams First (810) 515-1503

    Listing agent Kris Delaney (517) 625-4663 License #6501368129

    Listing date Feb 15, 2026

    MLS# 50191961 Listing URL

    Copyright © 2026 Greater Shiawassee Regional 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.

    Learn more

    Property Insight Report

    Overview

    Rented Duplex Near Downtown Owosso

    This side-by-side duplex is fully rented and located within walking distance of downtown Owosso and its restaurants. The unit at 206 Howell features three bedrooms, with one bedroom conveniently located on the main floor. The unit at 208 Howell offers two bedrooms upstairs and includes the use of a detached garage. Both apartments have their own entrances, driveways, and basements. The property includes a fully fenced rear yard. Interior features include spacious rooms, formal dining rooms, and original hardwood floors in the dining and living rooms. All utilities, including water, are paid by the tenants. The property size is 2042 square feet and the lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.17943
    Latitude
    42.998695

    Nearby Similar for Sale

    • $160,000
      2,688 SF

      Mixed-Use Building in Westown Owosso

      Commercial building with retail and office space in Owosso.
      822 W Main, Owosso, MI 48867
      View Details
    • $125,000
      1,056 SF

      Commercial Office Space Near Kroger

      Office space with exam rooms and parking near shopping center.
      255 N Hintz Rd, Owosso, MI 48867
      View Details
    • $595,000
      6,000 SF

      Owosso Industrial Building For Sale

      Industrial building in Owosso, suitable for cannabis grow or processing.
      1500 Mcmillan Rd, Owosso, MI 48867
      View Details
    • $600,000
      6,256 SF

      Corunna Mixed-Use Storefront Opportunity

      6200+ sq ft storefront with two apartments and garages.
      2256 E Main St, Owosso, MI 48867
      View Details
    • $349,999
      14,800 SF

      Owosso Warehouse/Storage Opportunity

      14,800 SF warehouse/storage building on 1.37 acres in Owosso.
      403 State St, Owosso, MI 48867
      View Details
    • $175,000

      Charming Professional Office Space Owosso

      Move-in ready office space with character in Owosso, Michigan.
      318 N Water St St, Owosso, MI 48867
      View Details
    • $1,000,000

      Turnkey Investment Property For Sale

      Excellent condition, long-term leases, significant capital improvements, reliable income.
      1350 E M 21, Owosso, MI 48867
      View Details
    • $299,000

      Restaurant Opportunity in Downtown Owosso

      Restaurant space with equipment near movie theater and historic train.
      200 E Comstock St, Owosso, MI 48867
      View Details
    • $125,000

      Commercial Development Opportunity Near Kroger

      Former clinic with office space and ample parking near shopping.
      255 N Hintz St, Owosso, MI 48867
      View Details
    • $399,000
      3,200 SF

      M-21 Warehouse For Sale

      3,200 SF warehouse on 1.6 acres with B-2 zoning.
      2246 East Main St, Owosso, MI 48867
      View Details
    • $399,000
      3,200 SF

      M-21 Warehouse/Industrial Building For Sale

      3,200 SF industrial/warehouse building on M-21 with flexible B-2 zoning.
      2246 East Main St, Owosso, MI 48867
      View Details
    • $107,900

      Three Unit Residential Property

      Three-unit property with parking and fenced yard.
      428 Cass St, Owosso, MI 48867
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully rented duplex near downtown Owosso with tenant-paid utilities.
    Where is this duplex located?
    The property is located at 206-208 N Howell St Owosso, MI.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: - Fully rented duplex provides immediate rental income.; - Tenants pay all utilities, including water.; - Walking distance to downtown and restaurants.
    (989) 277-1265
    Request Owner's contact information
    206-208 N Howell St Owosso, MI 48867
    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.
    206-208 N Howell St
    Owosso, MI 48867
    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
    206-208 N Howell St Owosso, MI 48867
    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
    Kris Delaney
    Kris Delaney
    Real Estate License ID: 6501368129
    (989) 277-1265 (517) 625-4663 (989) 725-1110
    Learn more
    Google sign-in failed. Please try again or use another login method.