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    220 W Park St Lapeer, MI 48446

    For Sale
    $198,000

    Upper/Lower Apartment - Lapeer, MI

    Property size:
    1,621 SF
    Lot size:
    0.17 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 220 W Park St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    L202050004000
    Exterior features
    Lighting
    Basement Y/N
    1
    Size
    1,621 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1890
    Floors in Building
    2
    Architectural style
    Other

    Exit Realty Group (810) 245-2600 [email protected]

    Listing agent Jeanne McCorkle (810) 245-2600

    Listing date Oct 16, 2025

    MLS# 20251045738 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

    Lapeer Duplex: Investment Opportunity

    This fully rented duplex is located in Lapeer, Michigan, and presents an investment opportunity. The main floor unit includes 2 bedrooms, hardwood floors, an updated bathroom, a laundry area, and access to a side porch and garage. The upper unit features an open layout. Both refrigerators and stoves are included. The property is situated on a 0.17-acre lot and has a total size of 1621 square feet. The property is zoned for multi-family use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3119
    Latitude
    43.055473

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex in Lapeer, MI, perfect for investors.
    Where is this duplex located?
    The property is located at 220 W Park St Lapeer, MI.
    What is the asking price?
    The asking price for this property is $198,000.
    What are key features of this property?
    This property features: - Fully rented duplex provides immediate rental income and investment opportunity.; - Main floor unit features **updated bathroom and hardwood floors**.; - Includes all appliances (refrigerators and stoves).
    (810) 245-2600
    Request Owner's contact information
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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
    220 W Park St Lapeer, MI 48446
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