Craftsman Duplex with Covered
New
For Sale
$229,900
10266 Hegel Road, Goodrich, MI 48438
Multifamily, 2 Story, Goodrich Vlg, MI
Property Size2,129 SF
Lot Size0.23 Acres
Price / SF$107.98
Days on Market3
Property Features for 10266 Hegel Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Pets allowed
Yes
Interior features
Cable Available
Subdivision
Northern Add To The Village Of Goodrich
Elementary school district
Goodrich
Middle school district
Goodrich
High school district
Goodrich
Directions
M15 to West on Hegel Road
Standard status
Active
APN
0222100001
Size
2,129 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
A PARCEL OF LAND BEG 10 FT E OF NE COR OF LOT 81 NORTHERN ADDITION TO THE VILLAGE OF GOODRICH TH S 150 FT TH E 55 FT TH N 43 FT TH E 17 FT TH N 107 FT TO S LINE OF MAIN ST TH W 72 FT TO PLACE OF BEG SEC 22 T6N R8E .27 A
Tax Annual Amount
3838
Legal Description
A PARCEL OF LAND BEG 10 FT E OF NE COR OF LOT 81 NORTHERN ADDITION TO THE VILLAGE OF GOODRICH TH S 150 FT TH E 55 FT TH N 43 FT TH E 17 FT TH N 107 FT TO S LINE OF MAIN ST TH W 72 FT TO PLACE OF BEG SEC 22 T6N R8E .27 A
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Water source
Well
Amenities
separate private entrances
shared basement access
laundry facilities
dedicated storage areas
covered front porch
off-street parking
Mill Pond views
Building Details
Year built
1924
Floors in Building
2
Number of units
2
Building materials
Wood
Roof type
Asphalt
Architectural style
Craftsman
Listing Agency:
Atlas Real Estate
(810) 636-3400
Listed By:
Jeffery Dawley · License #6502132748
(810) 869-3800
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 7:06AM
MLS# 20261088709
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.
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Investment Insights
Based on property information with market context.
This 2,129-square-foot Craftsman duplex, built in 1924, contains two units of approximately 1,000 square feet apiece. Each offers two bedrooms, one bathroom, a kitchen and dining area, and a living room, with a private entrance. Residents share basement access, which includes laundry facilities and dedicated storage. The home also features an expansive covered front porch, forced-air heat, and central air conditioning.
Set on 0.23 acres in Goodrich, the property has off-street parking and views of the Mill Pond. Dining, parks, a library, golf, and schools are within walking distance. Both units have well water.
Set on 0.23 acres in Goodrich, the property has off-street parking and views of the Mill Pond. Dining, parks, a library, golf, and schools are within walking distance. Both units have well water.
Key Highlights
- Two units, each approximately 1,000 square feet, with 2 bedrooms and 1 bathroom
- 2,129‑square‑foot Craftsman duplex built in 1924
- 0.23‑acre property with Mill Pond views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,287
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,740
$365.7K
Cap Rate 7%
$261,243
$261.2K
Cap Rate 9%
$203,189
$203.2K
Market Conditions
NOI Build-Up for 2,129 SF
Gross rent
$27.6K $12.96/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$26.1K $12.27/SF
− OpEx
−$7.8K −$3.68/SF
NOI
$18.3K $8.59/SF
Area
Genesee County, MI
Vacancy
5.32%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,740
Cap Rate 7%
$261,243
Cap Rate 9%
$203,189
Alternative Uses
Best Use
Multifamily LT 5
$261.2K
$228.6K – $304.8K
NOI $18,287 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$233.1K
$203.9K – $271.9K
NOI $16,315 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$448.0K
$392.0K – $522.7K
NOI $31,360 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
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Business Placement
Demographics for 48438, MI
7,074
Population
2,781
Households
2.5
Avg Household Size
44
Median Age
34%
College-Educated
98%
High-School Grad
31.9 sq mi
ZIP Area
222
Density / Sq Mi
$100,759
Median Household Income
$53,866
Median Earnings
$1,353
Median Rent
$309,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have separate entrances, shared basement access, and off-street parking.
Where is this duplex located?
The property is located at 10266 Hegel Road Goodrich, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two units, each approximately 1,000 square feet, with 2 bedrooms and 1 bathroom; 2,129‑square‑foot Craftsman duplex built in 1924; 0.23‑acre property with Mill Pond views
