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Duplex with Updated Systems
For Sale
$160,000

106 N Talbot Street, Addison, MI 49220

MULTI_FAMILY - Addison, MI

Property Size2,400 SF
Lot Size0.04 Acres
Price / SF$66.67
Days on Market103

Property Features for 106 N Talbot Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 2, Bedroom 2, Basement, Bedroom 4, Bathroom 1, Bedroom 1
Subdivision Downtown Addison
Elementary school district Addison Community Schools
Middle school district Addison Community Schools
High school district Addison Community Schools
Standard status Active
APN WD1-000-3032-00
Size 2,400 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Annual Amount 3505

Utilities

Heating system Forced Air
Cooling system Window Unit(s), Central Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Architectural style Other
Listing Agency: Foundation Realty, LLC
Listed By: Sarah Ford
Added: May 1 Changed: Aug 4 Last Checked: Aug 11 at 9:06PM
MLS# 50206213

Copyright © 2026 Lenawee County 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 at 106 N Talbot Street in Addison, MI features two residential units, each with two bedrooms and one full bathroom. The property is described as turnkey, with fresh paint throughout, new flooring, and updated electrical. Each unit has its own furnace and water heater, approximately 5 years old, and separately metered utilities designed to help manage tenant-paid expenses more easily. The home also includes a basement, forced-air heating, and both window unit(s) and central air cooling.

The property sits on a 0.04-acre lot and is listed with a total size of 2,400 square feet. Water service is provided by public water, and the home is described as having been built in 1900.

For buyers evaluating either an owner-occupant setup or a fully leased arrangement, the unit-by-unit heating, water heating, and utility metering are key operational details to review.

Key Highlights

  • Two units, each with 2 bedrooms and 1 full bath
  • Separately metered utilities designed for tenant‑paid expenses
  • Each unit has its own furnace and water heater, approx 5 years old

Property Analytics

Current Use

Addison Auto Salvage Association Or Organization

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Furniture & Home Goods Nail Salon Grocery & Convenience Store 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

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby

Demographics for 49220, MI

2,390
Population
1,313
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
96%
High-School Grad
32.0 sq mi
ZIP Area
75
Density / Sq Mi
$70,726
Median Household Income
$37,364
Median Earnings
$803
Median Rent
$205,100
Median Home Value

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 - Duplex investment property in Addison with separately metered utilities and updated electrical, furnaces, and water heaters.
Where is this duplex located?
The property is located at 106 N Talbot Street Addison, MI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; Separately metered utilities designed for tenant‑paid expenses; Each unit has its own furnace and water heater, approx 5 years old
More about this property
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