Two-Unit Duplex with Off-Street
820-822 Warner Avenue Mason, MI 48854
For Sale
Under Contract
$220,000
MULTI_FAMILY - Ranch - Mason, MI
Property Size1,640 SF
Lot Size0.21 Acres
Price / SF$134.15
Days on Market34
Property Features for 820-822 Warner Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Parking
- 4
- Parking features
- None
- Exterior features
- Storage
- Fencing
- Fenced
- Basement
- Full
- Standard status
- Active Under Contract
- APN
- 33-19-10-08-329-015
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 2 WARNER ESTATES, SEC 8 T2N R1W, CITY OF MASON, INGHAM CO
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Laminate
- Building materials
- Aluminum Siding
- Roof type
- Shingle
- Architectural style
- Ranch
- Additional Structures
- Storage
Listing Agency:
Keller Williams Realty Lansing
(517) 853-1200
Listed By:
Brooks Warner · License #6506046375
(517) 331-2017
Added: Jun 22
Changed: Jul 24
Last Checked: Jul 25 at 4:06AM
MLS# 296968
Copyright © 2026 Greater Lansing Association of Realtors. 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 duplex provides two self-contained residences, each with 2 bedrooms and 1 full bathroom. The units offer approximately 820 square feet of living space apiece, supporting straightforward owner-occupant or rental use. The property sits on a roughly 0.21-acre lot and includes ample off-street parking for up to four vehicles, along with a storage shed for additional convenience.
Located in Mason, Michigan within the Mason Public Schools district, the property is described as being just minutes from downtown Mason and nearby shopping, dining, parks, and major commuter routes. Access is supported by the on-site parking and the neighborhood setting intended for day-to-day convenience.
For buyers seeking flexibility, the layout supports living in one unit while renting the other, or holding both sides as a residential income property. With consistent unit configuration across both dwellings, the duplex can appeal to tenants and operators looking for a uniform 2-bedroom, 1-bath setup and the practical benefit of dedicated off-street parking.
Located in Mason, Michigan within the Mason Public Schools district, the property is described as being just minutes from downtown Mason and nearby shopping, dining, parks, and major commuter routes. Access is supported by the on-site parking and the neighborhood setting intended for day-to-day convenience.
For buyers seeking flexibility, the layout supports living in one unit while renting the other, or holding both sides as a residential income property. With consistent unit configuration across both dwellings, the duplex can appeal to tenants and operators looking for a uniform 2-bedroom, 1-bath setup and the practical benefit of dedicated off-street parking.
Key Highlights
- Versatile duplex on a 0.205‑acre lot with 2 bedrooms and 1 full bath per unit
- Approximately 820 SF per unit for about 1,640 total SF
- Ranch‑style home built in 1975
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 | $22.6k | $13.80 |
| − Vacancy | −$1.4k | −$0.85 |
| EGI | $21.2k | $12.95 |
| − OpEx | −$6.4k | −$3.88 |
| NOI | $14.9k | $9.06 |
1,640 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.4K
$185.8K – $247.8K
NOI $14,865 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$190.8K
$167.0K – $222.7K
NOI $13,359 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$263.5K
$230.6K – $307.4K
NOI $18,444 @ 7.0% cap · market cap 8.38%
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 - Duplex offers two separate 2-bedroom, 1-bath units with off-street parking and a storage shed.
Where is this duplex located?
The property is located at 820-822 Warner Avenue Mason, MI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Versatile duplex on a 0.205‑acre lot with 2 bedrooms and 1 full bath per unit; Approximately 820 SF per unit for about 1,640 total SF; Ranch‑style home built in 1975
