Side-by-Side Ranch
New
For Sale
$335,000
11046 Russell Street, Utica, MI 48317
MULTI_FAMILY - Ranch - Utica, MI
Property Size2,150 SF
Lot Size0.25 Acres
Price / SF$155.81
Days on Market2
Property Features for 11046 Russell Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Laundry Room, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
Driveway, Covered, Garage
Patio and Porch features
Porch
Exterior features
Fenced Yard, Porch, Sidewalks
Fencing
Fenced
Appliances
Dryer, Microwave, Range/Oven, Refrigerator, Washer
Subdivision
S/P Cross Goodale Utica
Lot features
Subdivision, Large Lot - 65+ Ft., Sidewalks
Elementary school district
Utica Community Schools
Middle school district
Utica Community Schools
High school district
Utica Community Schools
Standard status
Active
APN
11-07-34-252-004
Size
2,150 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
3367
Utilities
Heating system
Oil
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Number of units
2
Architectural style
Ranch
Listing Agency:
Realteam Real Estate
(586) 580-8092
Listed By:
Daniel Schick · License #6502393501
(586) 909-2244
Added: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 50217279
Copyright © 2026 Multiple Listing Service MiRealSource. 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 side-by-side ranch duplex contains two separate residences with distinct utility service. The first unit provides 900 square feet with two bedrooms and one full bathroom, along with new carpet, luxury vinyl plank flooring, a range, microwave, and dryer. The second residence spans 1,250 square feet and includes three bedrooms, two full bathrooms, ceiling fans, an updated full bathroom, a 2025 water heater, kitchen appliances, and a washer and dryer. Each residence has its own dedicated boiler system, with oil heating noted for the property.
Built in 1959 on a 0.25-acre lot, the property also includes a detached two-car garage, driveway parking, a covered parking area, fenced outdoor space, a porch, and sidewalks. Public water serves the property. The duplex is located near shopping, restaurants, parks, and expressways in Utica, Michigan.
Built in 1959 on a 0.25-acre lot, the property also includes a detached two-car garage, driveway parking, a covered parking area, fenced outdoor space, a porch, and sidewalks. Public water serves the property. The duplex is located near shopping, restaurants, parks, and expressways in Utica, Michigan.
Key Highlights
- Two side‑by‑side ranch residences with separate utilities
- 900 SF unit with 2 bedrooms and 1 full bathroom
- 1,250 SF unit with 3 bedrooms and 2 full bathrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.8k | $16.20 |
| − Vacancy | −$2.3k | −$1.08 |
| EGI | $32.5k | $15.12 |
| − OpEx | −$9.8k | −$4.54 |
| NOI | $22.8k | $10.59 |
2,150 SF · lease $16.20/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.1K
$284.5K – $379.3K
NOI $22,760 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$288.4K
$252.4K – $336.5K
NOI $20,191 @ 7.0% cap · market cap 6.03%
Theoretical Best
Specialty Retail
$402.5K
$352.2K – $469.6K
NOI $28,176 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
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?
Duplex - Two residences offer separate utilities, varied bedroom layouts, updated finishes, and shared access to a detached garage.
Where is this duplex located?
The property is located at 11046 Russell Street Utica, MI.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two side‑by‑side ranch residences with separate utilities; 900 SF unit with 2 bedrooms and 1 full bathroom; 1,250 SF unit with 3 bedrooms and 2 full bathrooms
