Updated Duplex With Separate
3200 N Averill Avenue Genesee, MI 48506
For Sale
$139,900
MULTI_FAMILY - Genesee, MI
Property Size1,392 SF
Lot Size0.21 Acres
Price / SF$100.50
Days on Market88
Property Features for 3200 N Averill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 3
Standard status
Active
APN
1133300014
Size
1,392 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3099
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1955
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams First
(810) 515-1503
Listed By:
Bradley LaBrie
(810) 441-7958
Added: May 1
Changed: Jun 3
Last Checked: Jul 27 at 10:06AM
MLS# 50206054
Copyright © 2026 Multiple Listing Service MiRealSource. 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 for-sale duplex includes two residential units with separate living arrangements. The property is described as completely updated and features a separate room for laundry. Utility services are split, with separate electric and gas meters for each unit, supporting independent tenant management.
The duplex is located at 3200 N Averill Avenue in Genesee, Michigan (48506), within Genesee Township. The listing also notes the Kearsley School District.
For investors or owner-occupants looking for income alongside self-contained utility setups, the property currently has established rental payments. One unit is described as a 3-bedroom, 2-bath configuration rented at $1,100 per month. The second unit is described as a 2-bedroom unit rented at $700 per month. The property totals 1,392 square feet on a 0.21-acre lot, providing a manageable footprint for ongoing maintenance and operations. Schedule a showing to review finishes, confirm unit details, and evaluate the current tenancy structure and lease terms.
The duplex is located at 3200 N Averill Avenue in Genesee, Michigan (48506), within Genesee Township. The listing also notes the Kearsley School District.
For investors or owner-occupants looking for income alongside self-contained utility setups, the property currently has established rental payments. One unit is described as a 3-bedroom, 2-bath configuration rented at $1,100 per month. The second unit is described as a 2-bedroom unit rented at $700 per month. The property totals 1,392 square feet on a 0.21-acre lot, providing a manageable footprint for ongoing maintenance and operations. Schedule a showing to review finishes, confirm unit details, and evaluate the current tenancy structure and lease terms.
Key Highlights
- Duplex in Genesee Township with Kearsley School District
- 3‑bedroom, 2‑bath unit rented for $1,100/month
- 2‑bedroom unit rented for $700/month
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 | $19.2k | $13.80 |
| − Vacancy | −$1.2k | −$0.90 |
| EGI | $18.0k | $12.90 |
| − OpEx | −$5.4k | −$3.87 |
| NOI | $12.6k | $9.03 |
1,392 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$179.6K
$157.2K – $209.6K
NOI $12,573 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$161.3K
$141.1K – $188.2K
NOI $11,289 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$286.5K
$250.7K – $334.3K
NOI $20,057 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Completely updated duplex with separate electric and gas meters and dedicated laundry space for each unit.
Where is this duplex located?
The property is located at 3200 N Averill Avenue Genesee, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Duplex in Genesee Township with Kearsley School District; 3‑bedroom, 2‑bath unit rented for $1,100/month; 2‑bedroom unit rented for $700/month
