Corner-Lot Duplex with Two-Car
For Sale
$165,000
214 W 2nd Street, Pinconning, MI 48650
MULTI_FAMILY - Pinconning, MI
Property Size1,845 SF
Lot Size0.23 Acres
Price / SF$89.43
Days on Market62
Property Features for 214 W 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Patio and Porch features
Deck, Porch
Interior features
Drywall
Exterior features
Deck, Porch
Appliances
Natural Gas Water Heater
Elementary school district
Pinconning Area Schools
Middle school district
Pinconning Area Schools
High school district
Pinconning Area Schools
Directions
Heading south on M13 (S Huron Rd) turn left on W Second St, in about 1/2 mile turn left and building is on your left
Subdivision
Bay
Standard status
Active
Size
1,845 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
LOTS 7-8 BLK 13 VILLAGE OF PINCONNING, L2/P6 BCR
Tax Annual Amount
3407
Legal Description
LOTS 7-8 BLK 13 VILLAGE OF PINCONNING, L2/P6 BCR
Amenities
front porch
upper level deck
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
CENTURY 21 SIGNATURE REALTY
(989) 362-4261
Listed By:
TERRIE CLARK-NEWMAN
(907) 232-1897
Added: Jun 6
Changed: Aug 2
Last Checked: Aug 6 at 4:06AM
MLS# 1946253
Copyright © 2026 Northern Great Lakes Realtors MLS. 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 corner-lot duplex in Pinconning offers two separate living spaces with an upper unit that is already tenant occupied and a lower unit that is vacant and recently updated. The property includes interior drywall, a frame exterior, and an asphalt roof, with a natural gas water heater in place. Exterior features include a welcoming front porch and an upper-level deck.
The detached two-car garage provides additional storage and tenant convenience. The lower unit has approximately 1,085 square feet with two bedrooms, one bath, a spacious living room and dining area, updated kitchen cabinetry, and fresh neutral finishes.
On a lot size of 0.23 acres and total property size of 1,845 square feet, the layout supports multiple living or occupancy strategies, including renting both units or living in one while preparing the other for new occupancy.
The detached two-car garage provides additional storage and tenant convenience. The lower unit has approximately 1,085 square feet with two bedrooms, one bath, a spacious living room and dining area, updated kitchen cabinetry, and fresh neutral finishes.
On a lot size of 0.23 acres and total property size of 1,845 square feet, the layout supports multiple living or occupancy strategies, including renting both units or living in one while preparing the other for new occupancy.
Key Highlights
- Upper unit is tenant occupied; lower unit is vacant and recently updated
- Lower unit offers approximately 1,085 SF, two bedrooms, and one bath
- Detached two‑car garage for storage and tenant convenience
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.6k | $9.00 |
| − Vacancy | −$1.2k | −$0.65 |
| EGI | $15.4k | $8.35 |
| − OpEx | −$4.6k | −$2.51 |
| NOI | $10.8k | $5.85 |
1,845 SF · lease $9.00/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$154.1K
$134.8K – $179.8K
NOI $10,787 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$144.8K
$126.7K – $169.0K
NOI $10,137 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$334.0K
$292.3K – $389.7K
NOI $23,380 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 48650, MI
6,807
Population
3,036
Households
2.2
Avg Household Size
47
Median Age
17%
College-Educated
89%
High-School Grad
95.2 sq mi
ZIP Area
72
Density / Sq Mi
$63,662
Median Household Income
$41,461
Median Earnings
$750
Median Rent
$136,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a corner lot with an upper unit tenant occupied and a recently updated lower unit ready for occupancy.
Where is this duplex located?
The property is located at 214 W 2nd Street Pinconning, MI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Upper unit is tenant occupied; lower unit is vacant and recently updated; Lower unit offers approximately 1,085 SF, two bedrooms, and one bath; Detached two‑car garage for storage and tenant convenience
