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Turnkey Apartment Building with Laundry
For Sale
$975,000

5645 E Grand River Avenue, Howell, MI 48843

Multi Family, Howell, MI

Property SizeContact for details
Lot Size0.29 Acres
Days on Market244

Property Features for 5645 E Grand River Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Full bathrooms 10
Rooms Bedroom 3, Bedroom 7, Basement, Bathroom 9, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 8, Bedroom 2, Bathroom 10, Laundry Room, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5
Parking 15
Parking features Driveway
Basement Full
Lot features Corner Lot
Elementary school district Howell
Middle school district Howell
High school district Howell
Subdivision Livingston County - 40
Standard status Active
APN 11-10-301-046
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SEC. 10 T2N, R5E, GLEN ECHO LOTS 46 AND 47
Tax Annual Amount 7061
Legal Description SEC. 10 T2N, R5E, GLEN ECHO LOTS 46 AND 47

Utilities

Heating system Forced Air
Cooling system Central Air
Water front features Lake
Water front 1

Amenities

coin laundry

Building Details

Year built 1950
Number of units 10
Building materials Vinyl Siding, Wood Siding
Roof type Rubber, Composition
Listing Agency: United Realty Services
Listed By: Ryann Brier
Added: Jan 19 Changed: Sep 16 Last Checked: Sep 20 at 5:06PM
MLS# 26002193

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.

Investment Insights

Based on property information with market context.

This well-maintained apartment building contains 10 units and includes a coin-operated laundry area. The property was built in 1950 and features vinyl and wood siding, forced-air heating, central air conditioning, driveway parking, and a combination composition and rubber roof system. A new roof is reported for 2026, along with new AC throughout the building and a tankless water heater.

The property is located at 5645 E Grand River Avenue in Howell, Michigan, on a 0.29-acre parcel. Four long-term Section 8 tenants are in place, and the property is reported to operate at an 11% cap rate. Additional features include a basement and lake waterfront.

Key Highlights

  • 10‑unit apartment building with coin laundry
  • 0.29‑acre parcel at 5645 E Grand River Avenue, Howell, MI 48843
  • New roof reported for 2026

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon Restaurant Electrical Service Law Firm (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

178
Businesses Nearby

Demographics for 48843, MI

47,704
Population
19,001
Households
2.5
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
89.6 sq mi
ZIP Area
532
Density / Sq Mi
$91,620
Median Household Income
$48,613
Median Earnings
$1,221
Median Rent
$323,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained multifamily property with updated building systems, central air, and an on-site coin laundry facility.
Where is this apartment building located?
The property is located at 5645 E Grand River Avenue Howell, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 10‑unit apartment building with coin laundry; 0.29‑acre parcel at 5645 E Grand River Avenue, Howell, MI 48843; New roof reported for 2026
More about this property
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