51 SPOKANE Drive Pontiac, MI 48341
MULTI_FAMILY - Pontiac, MI
Property Features for 51 SPOKANE Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 36
- Bathrooms
- 18
- Rooms
- Bedroom 18, Bathroom 4, Bedroom 24, Bedroom 29, Bedroom 15, Bedroom 19, Bedroom 11, Bedroom 33, Bathroom 8, Bathroom 10, Bedroom 9, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 14, Bathroom 13, Bedroom 34, Bedroom 10, Bedroom 27, Basement, Bathroom 16, Bedroom 14, Bedroom 1, Bathroom 9, Bedroom 20, Bathroom 11, Bedroom 3, Bedroom 8, Bedroom 16, Bathroom 7, Bathroom 6, Bedroom 36, Bedroom 4, Bedroom 28, Bedroom 26, Bathroom 5, Bedroom 35, Bedroom 13, Bathroom 15, Bathroom 3, Bedroom 25, Bathroom 17, Bathroom 18, Bathroom 2, Bedroom 12, Bedroom 7, Bedroom 32, Bedroom 23, Bedroom 31, Bathroom 12, Bedroom 21, Bedroom 17, Bedroom 30, Bedroom 22
- Pets allowed
- Call
- Standard status
- Active
- APN
- 1430402009
- Size
- 12,746 SF
- Lot size
- 1.15 Acres
Taxes and HOA fees
- Tax Description
- T3N, R10E, SEC 30 ASSESSOR'S PLAT NO. 109 LOTS 17 TO 25 INCL, ALSO LOTS 40 TO 48 INCL
- Tax Annual Amount
- 16813
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 18
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent James T Silver License #6502374648 (248) 649-7200
Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI (248) 649-7200
Listing date Apr 3, 2026
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.
Key Highlights
- 18 two‑bedroom units (~800 SF each); 17 units occupied and tenants current on rent (avg. ~$1,130/month).
- Individual natural gas furnaces per apartment with separate utilities and individual water meters.
- Private entrances and basements for each unit.
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 | $296.7k | $23.28 |
| − Vacancy | −$12.5k | −$0.98 |
| EGI | $284.3k | $22.30 |
| − OpEx | −$127.9k | −$10.04 |
| NOI | $156.3k | $12.27 |
