Two-Unit
New
For Sale
$130,000
1109 Greenwood Ave, Jackson, MI 49203
Both residences are occupied, with separate upper- and lower-level floor plans.
Property Size1,756 SF
Price / SF$74.03
Days on Market4
Property Features for 1109 Greenwood Ave
General Information
Standard status
Active
Size
1,756 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Guardhouse Rentals
Listed By:
LINDA VERLIN
(517) 262-2743
Source:
Vmrealestatemichigan
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Guardhouse Rentals
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains 1,756 square feet across two occupied residences. The lower-level unit has three bedrooms and one and a half bathrooms; the upper unit provides two bedrooms and one full bathroom.
The property is near downtown Jackson, with access to shopping, dining, entertainment, parks, and local amenities.
The property is near downtown Jackson, with access to shopping, dining, entertainment, parks, and local amenities.
Key Highlights
- Two occupied units in a 1,756‑square‑foot duplex
- Lower residence: 3 bedrooms and 1.5 bathrooms
- Upper residence: 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,598
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,960
$232.0K
Cap Rate 7%
$165,686
$165.7K
Cap Rate 9%
$128,867
$128.9K
Market Conditions
NOI Build-Up for 1,756 SF
Gross rent
$17.9K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$16.6K $9.44/SF
− OpEx
−$5.0K −$2.83/SF
NOI
$11.6K $6.60/SF
Area
Jackson County, MI
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,960
Cap Rate 7%
$165,686
Cap Rate 9%
$128,867
Alternative Uses
Best Use
Multifamily LT 5
$165.7K
$145.0K – $193.3K
NOI $11,598 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$155.6K
$136.2K – $181.6K
NOI $10,894 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$280.3K
$245.3K – $327.0K
NOI $19,622 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with separate upper- and lower-level floor plans.
Where is this duplex located?
The property is located at 1109 Greenwood Ave Jackson, MI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two occupied units in a 1,756‑square‑foot duplex; Lower residence: 3 bedrooms and 1.5 bathrooms; Upper residence: 2 bedrooms and 1 full bathroom
