Seven-Bedroom
New
For Sale
$310,000
1110 Jerome Street, Midland, MI 48640
MULTIFAMILY, Midland, MI
Property Size2,700 SF
Lot Size0.22 Acres
Price / SF$114.81
Days on Market3
Property Features for 1110 Jerome Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 1
Patio and Porch features
Deck
Interior features
Cable/Internet Avail., Hardwood Floors
Exterior features
Deck, Sidewalks, Street Lights
Appliances
Dishwasher, Disposal, Range/Oven, Refrigerator
Subdivision
Bookness Add
Elementary school district
Midland Public Schools
Middle school district
Midland Public Schools
High school district
Midland Public Schools
Standard status
Active
APN
14-16-70-508
Size
2,700 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4638
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
2
Number of units
2
Listing Agency:
Century 21 Signature Realty Midland · Century 21 Real Estate
(989) 837-2100
Listed By:
Yvonne Beck
(586) 946-0196
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:06PM
MLS# 50224210
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 2,700-square-foot duplex has a front unit and an upstairs rear unit, with seven bedrooms and three full bathrooms in total. The front residence offers five bedrooms and two bathrooms; the rear residence has two bedrooms and one bathroom. Each unit includes a basement. The 0.22-acre property also has separate driveways and a shared backyard.
Updates completed in 2021 included siding, roofing, flooring, paint, appliances, kitchens, bathrooms, furnaces, water heaters, and air conditioning. New carpet is noted for 2026. The property was built in 1973 and is currently vacant. Downtown Midland shopping, restaurants, and entertainment are nearby.
Updates completed in 2021 included siding, roofing, flooring, paint, appliances, kitchens, bathrooms, furnaces, water heaters, and air conditioning. New carpet is noted for 2026. The property was built in 1973 and is currently vacant. Downtown Midland shopping, restaurants, and entertainment are nearby.
Key Highlights
- Two‑unit duplex with 2,700 square feet on a 0.22‑acre lot
- Seven bedrooms total: five in the front unit and two in the upstairs rear unit
- Three full bathrooms: two in the front residence and one in the rear residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,890
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,800
$357.8K
Cap Rate 7%
$255,571
$255.6K
Cap Rate 9%
$198,778
$198.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$27.5K $10.20/SF
− Vacancy
−$2.0K −$0.73/SF
EGI
$25.6K $9.47/SF
− OpEx
−$7.7K −$2.84/SF
NOI
$17.9K $6.63/SF
Area
Midland County, MI
Vacancy
7.20%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,800
Cap Rate 7%
$255,571
Cap Rate 9%
$198,778
Alternative Uses
Best Use
Multifamily LT 5
$255.6K
$223.6K – $298.2K
NOI $17,890 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.5K
NOI $17,072 @ 7.0% cap · market cap 5.51%
Theoretical Best
Flex RnD
$487.3K
$426.4K – $568.6K
NOI $34,113 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 48640, MI
31,840
Population
14,340
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
303
Density / Sq Mi
$81,630
Median Household Income
$43,353
Median Earnings
$928
Median Rent
$191,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences each have a basement and separate driveway, with a shared backyard.
Where is this duplex located?
The property is located at 1110 Jerome Street Midland, MI.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,700 square feet on a 0.22‑acre lot; Seven bedrooms total: five in the front unit and two in the upstairs rear unit; Three full bathrooms: two in the front residence and one in the rear residence
