305 E Main Street Durand, MI 48429
MULTI_FAMILY - Other - Durand, MI
Property Features for 305 E Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 2, Bedroom 1
- Parking
- 3
- Pets allowed
- Call
- Standard status
- Active
- APN
- 0207200200600
- Size
- 1,600 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- M. V. RUSSELL'S ADD. DURAND CITY LOTS 6 AND 7 BLK. 2.
- Tax Annual Amount
- 2446
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl
- Architectural style
- Other
Listing agent Lynne Gebski (888) 501-7085
Listing office EXP Realty Main 39555 Orchard Hill Place Ste 600, Royal Oak, MI (888) 501-7085
Listing date Jul 2, 2026
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Investment Insights
Based on property information with market context.
The property is located at 305 E Main Street in Durand, Michigan, in a downtown setting. Zoning is listed as Residential, aligning the asset with traditional multifamily use under local guidelines. The lot size is listed at 0.13 acres.
For buyers seeking a straightforward duplex investment, this offering provides a two-unit setup with current mechanical updates in the upstairs unit and laundry included. Since the property is described as fully rented, it may appeal to investors or owner-operators looking to acquire an income-producing residential asset without waiting for new tenant placement. The property size is listed as 1,600 square feet, providing a compact footprint for management compared with larger multifamily buildings.
Key Highlights
- Duplex built in 1880 with vinyl exterior siding
- Fully rented out duplex with washer and dryer included
- Upstairs unit has a newer furnace
Local Financial Insights For Apartment 5plus
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 | $23.0k | $14.40 |
| − Vacancy | −$1.7k | −$1.04 |
| EGI | $21.4k | $13.36 |
| − OpEx | −$9.6k | −$6.01 |
| NOI | $11.8k | $7.35 |
