4169 Morton Lane, Stevensville, MI 49127
MULTI_FAMILY - Stevensville, MI
- Added:
- May 29, 2026
- Days on Market:
- 28
- Last Refresh:
- Jun 25 at 12:06 am
Property Features for 4169 Morton Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bedroom 4
- Parking
- 4
- Parking features
- Driveway
- Basement
- Full
- Standard status
- Active Under Contract
- APN
- 11-12-2700-0017-01-2
- Size
- 2,200 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4782
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1968
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing agent Ryan D Green License #6501325481 (269) 208-4139
Listing office Green Towne Coastal Realty 2624 Niles Ave, St. Joseph, MI (269) 408-8626
Listing date May 29, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Completely updated brick duplex built in 1968 with forced‑air heat and central air
- Each unit offers 2 bedrooms and 1.5 bathrooms with approximately 1,100 SF of living space
- Main‑floor laundry and eat‑in kitchen in each unit
- Private patios plus full basements for both units
- Attached 1‑car garage per unit and driveway parking
- Recent updates include new public water lines, updated flooring, newer furnaces and central A/C; roof replaced about 14 years ago
Overview
Local 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 | $30.4k | $13.80 |
| − Vacancy | −$1.6k | −$0.73 |
| EGI | $28.7k | $13.07 |
| − OpEx | −$8.6k | −$3.92 |
| NOI | $20.1k | $9.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Stevensville
- County
- Berrien
- State
- Michigan
- Longitude
- -86.519218
- Latitude
- 42.04219
