Two Separate Homes on One
31709 Grove Fraser, MI 48026
New
For Sale
$224,900
MULTI_FAMILY - Ranch - Fraser, MI
Property Size1,300 SF
Lot Size0.51 Acres
Price / SF$173
Days on Market2
Property Features for 31709 Grove
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 1406302035
- Size
- 1,300 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Description
- T1N,R13E,SEC 6: THE SOUTH 75.25 FT OF THE FOLL: COMM AT W 1/4 POST SEC 6; TH N89*58'E 1335.60 FT; TH S0*19'E 377.70 FT TO POB; TH S0*19'E 139.0 FT; TH S89*43'W 327.0 FT; TH N0*10'W 139.0 FT; TH N89*43'E 326.90 FT TO POB.
- Tax Annual Amount
- 4347
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Ranch
Listing Agency:
Elementary Homes LLC
(248) 850-2030
Listed By:
Shawn Sturdivent · License #6501380112
(586) 718-0037
Added: Jul 23
Last Checked: Jul 24 at 2:06AM
MLS# 20261057139
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located at 31709 Grove, Fraser, MI 48026, this duplex-style residential income property includes two separate single-family homes on one oversized parcel. The front home is approximately 700 square feet with 2 bedrooms and 1 full bathroom and is currently vacant. The rear home is approximately 600 square feet with 1 bedroom and 1 full bathroom and is currently leased to a month-to-month tenant.
Both homes have their own gas, electric, and water meters, which can simplify utility management. Based on current and prospective rents referenced in the listing, total potential gross rental income is approximately $2,050 per month if both homes are leased, including $850 per month currently paid by the rear tenant. The property sits on a 75' x 297' lot (over half an acre).
The front home is available for showings with an approved appointment. To respect tenant privacy, the rear home will be shown only after an accepted offer. Listing notes indicate zoning as Residential.
Both homes have their own gas, electric, and water meters, which can simplify utility management. Based on current and prospective rents referenced in the listing, total potential gross rental income is approximately $2,050 per month if both homes are leased, including $850 per month currently paid by the rear tenant. The property sits on a 75' x 297' lot (over half an acre).
The front home is available for showings with an approved appointment. To respect tenant privacy, the rear home will be shown only after an accepted offer. Listing notes indicate zoning as Residential.
Key Highlights
- Two separate single‑family homes on one oversized lot: front ~700 SF (2BR/1BA) and rear ~600 SF (1BR/1BA).
- Front home is currently vacant, ideal for owner‑occupant or ready to lease immediately.
- Rear home is leased month‑to‑month for $850/month, providing immediate rental income with tenant flexibility.
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 | $21.1k | $16.20 |
| − Vacancy | −$1.4k | −$1.08 |
| EGI | $19.7k | $15.12 |
| − OpEx | −$5.9k | −$4.54 |
| NOI | $13.8k | $10.59 |
1,300 SF · lease $16.20/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$196.6K
$172.0K – $229.4K
NOI $13,762 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$174.4K
$152.6K – $203.5K
NOI $12,208 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$243.4K
$213.0K – $284.0K
NOI $17,037 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Front home is vacant, while the rear home is leased month-to-month with separate gas, electric, and water meters.
Where is this duplex located?
The property is located at 31709 Grove Fraser, MI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two separate single‑family homes on one oversized lot: front ~700 SF (2BR/1BA) and rear ~600 SF (1BR/1BA).; Front home is currently vacant, ideal for owner‑occupant or ready to lease immediately.; Rear home is leased month‑to‑month for $850/month, providing immediate rental income with tenant flexibility.
