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Two-Unit Ranch Duplex
For Sale
$315,000

10203 S Lake Station Avenue, Lake, MI 48632

MULTIFAMILY, 1 Story, Lake, MI

Property Size4,496 SF
Lot Size0.64 Acres
Price / SF$70.06
Days on Market457

Property Features for 10203 S Lake Station Avenue

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Zoning description Residential
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking features Garage
Appliances Range/Oven, Refrigerator
Subdivision metes & bounds
Elementary school district Farwell Area Schools
Middle school district Farwell Area Schools
High school district Farwell Area Schools
Standard status Active
APN 18-013-026-100-09
Size 4,496 SF
Lot size 0.64 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Private

Building Details

Year built 2008
Floors in Building 1
Number of units 2
Architectural style Ranch
Listing Agency: REISS REAL ESTATE INC.
Listed By: ALAN REISS · License #6502123263
Added: Jun 16, 2025 Changed: Sep 13 Last Checked: Sep 15 at 5:06PM
MLS# 50178508

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.

Built in 2008, this ranch-style duplex contains two residences within approximately 4,496 square feet on 0.64 acres. Each unit has two bedrooms, one full bathroom, an open living, dining, and kitchen arrangement, pantry space, forced-air heat, central air, and an attached garage. A 12-by-12 room in each unit may serve as a third bedroom, den, or craft room. Range/ovens and refrigerators are included.

The property has blacktop frontage along Lake Station Avenue in Clare County, near Crooked Lake and Perch Lake. Both units are currently occupied by tenants, and the residences share a private well. Showings are available by advance appointment.

Key Highlights

  • Two‑unit ranch duplex with 4,496 square feet of building area
  • Each residence offers 2 bedrooms, 1 full bathroom, and a 12x12 flexible room
  • Built in 2008 on 0.64 acres with blacktop frontage on Lake Station Avenue

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Parking Lot & Garage Storage Facility Garden Center Cafe & Coffee Shop Restaurant

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Both residences feature attached garages, central air, and open living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 10203 S Lake Station Avenue Lake, MI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑unit ranch duplex with 4,496 square feet of building area; Each residence offers 2 bedrooms, 1 full bathroom, and a 12x12 flexible room; Built in 2008 on 0.64 acres with blacktop frontage on Lake Station Avenue
More about this property
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