Duplex with Shared
New
For Sale
$165,000
113 Julian Street, Brooklyn, MI 49230
A fenced rear yard and separate off-street parking serve the two-unit property.
Property Size1,586 SF
Price / SF$104.04
Days on Market5
Property Features for 113 Julian Street
General Information
Standard status
Active
Size
1,586 SF
Property subtype
Multi-Family
Building Details
Year Built
1908
Listing Agency:
Baker Cowan Group LLC
Listed By:
Denise Baker · License #abakerden103
Source:
Bhhssnyder
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 3:35PM
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 Baker Cowan Group LLC
Investment Insights
Based on property information with market context.
Built in 1908, this duplex has two separate units. The first-floor residence features a side porch, direct entry to the basement, a kitchen, and a mudroom with main-level storage. The upper unit is vacant. A shared laundry area is located in the walk-out basement.
The property has a large fenced backyard, driveway parking for each unit, and additional on-street parking for guests. Zoned C-2 General Commercial, it abuts downtown parking and sits one block from Brooklyn’s activity area.
The property has a large fenced backyard, driveway parking for each unit, and additional on-street parking for guests. Zoned C-2 General Commercial, it abuts downtown parking and sits one block from Brooklyn’s activity area.
Key Highlights
- Two‑unit duplex built in 1908
- C‑2 General Commercial zoning; property abuts downtown parking
- Walk‑out basement with common area and shared laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,475
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,500
$209.5K
Cap Rate 7%
$149,643
$149.6K
Cap Rate 9%
$116,389
$116.4K
Market Conditions
NOI Build-Up for 1,586 SF
Gross rent
$16.2K $10.20/SF
− Vacancy
−$1.2K −$0.77/SF
EGI
$15.0K $9.44/SF
− OpEx
−$4.5K −$2.83/SF
NOI
$10.5K $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%
$209,500
Cap Rate 7%
$149,643
Cap Rate 9%
$116,389
Alternative Uses
Best Use
Multifamily LT 5
$149.6K
$130.9K – $174.6K
NOI $10,475 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$140.6K
$123.0K – $164.0K
NOI $9,840 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$253.2K
$221.5K – $295.4K
NOI $17,723 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 49230, MI
10,364
Population
6,108
Households
1.7
Avg Household Size
52
Median Age
27%
College-Educated
96%
High-School Grad
64.0 sq mi
ZIP Area
162
Density / Sq Mi
$81,052
Median Household Income
$52,448
Median Earnings
$1,116
Median Rent
$252,800
Median Home Value
Check the figures for this property
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 - A fenced rear yard and separate off-street parking serve the two-unit property.
Where is this duplex located?
The property is located at 113 Julian Street Brooklyn, MI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1908; C‑2 General Commercial zoning; property abuts downtown parking; Walk‑out basement with common area and shared laundry
