Four-Unit Ranch Multifamily
For Sale
$519,000
10195 S Lake Station Avenue, Lake, MI 48632
MULTI_FAMILY - Ranch - Lake, MI
Property Size8,128 SF
Lot Size1.25 Acres
Price / SF$63.85
Days on Market415
Property Features for 10195 S Lake Station Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Parking features
Garage
Appliances
Range/Oven, Refrigerator
Subdivision
metes & bounds
Lot features
Unpaved
Elementary school district
Farwell Area Schools
Middle school district
Farwell Area Schools
High school district
Farwell Area Schools
Standard status
Active
APN
18-013-026-100-08
Size
8,128 SF
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Heating system
Baseboard
Cooling system
Central Air
Water source
Private
Amenities
pantry
private deck
Building Details
Year built
1999
Floors in Building
1
Number of units
4
Architectural style
Ranch
Listing Agency:
REISS REAL ESTATE INC.
(989) 588-9621
Listed By:
ALAN REISS · License #6502123263
(989) 387-1409
Added: Jun 16, 2025
Changed: Aug 3
Last Checked: Aug 4 at 4:06AM
MLS# 50178503
Copyright © 2026 Clare Gladwin Board 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 8,128-square-foot multifamily property includes two ranch-style duplex buildings with four units in total. Each residence contains two bedrooms, one full bathroom, an open living, dining, and kitchen area, a pantry, baseboard heating, central air conditioning, and an attached garage. Range/ovens and refrigerators are included. The buildings were constructed in 1999 and are situated on 1.25 acres. Tenants currently occupy all four units.
The property fronts Lake Station Avenue on a paved road in Clare County, just south of the Village of Lake. Crooked Lake and Perch Lake are nearby. Each structure is served by its own private well. The two-building layout provides a clearly defined multifamily configuration, with the seller also identifying the south and north duplexes as separate components subject to land division approval.
The property fronts Lake Station Avenue on a paved road in Clare County, just south of the Village of Lake. Crooked Lake and Perch Lake are nearby. Each structure is served by its own private well. The two-building layout provides a clearly defined multifamily configuration, with the seller also identifying the south and north duplexes as separate components subject to land division approval.
Key Highlights
- Four total units across two duplex buildings
- 8,128 square feet on 1.25 acres
- Each unit has 2 bedrooms and 1 full bathroom
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 48632, MI
4,987
Population
4,389
Households
1.1
Avg Household Size
52
Median Age
14%
College-Educated
90%
High-School Grad
123.2 sq mi
ZIP Area
40
Density / Sq Mi
$51,740
Median Household Income
$30,467
Median Earnings
$846
Median Rent
$130,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two duplex buildings offer four occupied units with garages, central air, and private wells serving each structure.
Where is this multifamily property located?
The property is located at 10195 S Lake Station Avenue Lake, MI.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Four total units across two duplex buildings; 8,128 square feet on 1.25 acres; Each unit has 2 bedrooms and 1 full bathroom
