Waterfront Duplex on Wooded
10420 52nd Street SE, Lowell, MI 49331
For Sale
$789,900
Multi Family, Lowell, MI
Property Size3,710 SF
Lot Size4.71 Acres
Price / SF$212.91
Days on Market48
Property Features for 10420 52nd Street SE
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Basement
Lot features
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Water front features
Water front
Amenities
private dock
firepit
lake-facing deck
covered porch
workshop area
fireplace
Building Details
Year built
Number of units
Building materials
Listing Agency:
Greenridge Realty (Lowell)
(616) 897-9239
Listed By:
Joshua M McCracken
(616) 250-7635
Added: Sep 23
Changed: Oct 12
Last Checked: Nov 9 at 6:06AM
MLS# 26050854
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.
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Investment Insights
Based on property information with market context.
This 4.71-acre duplex property includes approximately 3,710 finished square feet arranged across two residences. The main level measures approximately 1,910 square feet and includes three bedrooms, two-and-a-half bathrooms, vaulted ceilings, a fireplace, an open kitchen and living area, a primary suite, and a lake-facing deck. The approximately 1,800-square-foot walkout lower residence adds three bedrooms, one full bathroom, a kitchen, laundry room, covered porch, workshop area, and dedicated garage stall.
Each residence has separate entrances, kitchens, laundry facilities, mechanical systems, water heaters, electrical service, and utility meters. The lower unit is leased through April 2027. The property has approximately 630 feet of frontage on Morse Lake, along with a private dock, three-stall attached garage, firepit, large yard, Rheem Prestige tankless system, forced-air heating, central air, well water, and septic service. Built in 2001, the home is located in Lowell, Michigan.
Each residence has separate entrances, kitchens, laundry facilities, mechanical systems, water heaters, electrical service, and utility meters. The lower unit is leased through April 2027. The property has approximately 630 feet of frontage on Morse Lake, along with a private dock, three-stall attached garage, firepit, large yard, Rheem Prestige tankless system, forced-air heating, central air, well water, and septic service. Built in 2001, the home is located in Lowell, Michigan.
Key Highlights
- 4.71 wooded acres with approximately 630 feet of Morse Lake frontage
- Duplex totals approximately 3,710 finished square feet with six bedrooms and 3.5 bathrooms
- Two independently configured residences with separate entrances, utilities, kitchens, and laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,423
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,460
$808.5K
Cap Rate 7%
$577,471
$577.5K
Cap Rate 9%
$449,144
$449.1K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$61.0K $16.44/SF
− Vacancy
−$3.2K −$0.87/SF
EGI
$57.7K $15.57/SF
− OpEx
−$17.3K −$4.67/SF
NOI
$40.4K $10.90/SF
Area
Kent County, MI
Vacancy
5.32%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,460
Cap Rate 7%
$577,471
Cap Rate 9%
$449,144
Alternative Uses
Best Use
Multifamily LT 5
$577.5K
$505.3K – $673.7K
NOI $40,423 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$501.9K
$439.2K – $585.6K
NOI $35,134 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$663.6K
$580.6K – $774.2K
NOI $46,449 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 49331, MI
18,023
Population
7,208
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
96%
High-School Grad
91.5 sq mi
ZIP Area
197
Density / Sq Mi
$92,443
Median Household Income
$49,286
Median Earnings
$1,109
Median Rent
$293,600
Median Home Value
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Market
Properties on Market for Duplexes in Kent County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with separate entrances, kitchens, laundry facilities, and private dock access on Morse Lake.
Where is this duplex located?
The property is located at 10420 52nd Street SE Lowell, MI.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: 4.71 wooded acres with approximately 630 feet of Morse Lake frontage; Duplex totals approximately 3,710 finished square feet with six bedrooms and 3.5 bathrooms; Two independently configured residences with separate entrances, utilities, kitchens, and laundry facilities
