Building Details

Year Built 1890

Listing Agency: Keller Williams Realty i***@gmail.com Show Phone

Listed By: Cassie Scramlin · License #6506047915 Show Phone

Source: Kw

Added: May 18 Changed: Aug 20 Last Checked: Aug 20 at 7:18PM

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Investment Insights

Based on property information with market context.

This triplex at 114 Kalamo in Olivet, Michigan, contains three one-bedroom units arranged over a basement. Each unit has its own heat source, with wall heat and forced air among the interior features. Unit A has been recently updated, while Units A and B share a water heater and Unit C has a separate heater.

The utility structure separates operating responsibilities between residents and ownership: tenants pay their gas and electric usage, while the owner covers water, sewer, and garbage. Built in 1890, the property offers a three-unit configuration with distinct utility and heating details for review.

Key Highlights

• Three one‑bedroom units arranged over a basement
• Each unit has its own heat source
• Unit A has been recently updated

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Plumbing Service Dental Office Garden Center Building Supply

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

Explore this area Business Placement

Demographics for 49076, MI

4,445

Population

1,544

Households

2.9

Avg Household Size

34

Median Age

23%

College-Educated

92%

High-School Grad

57.1 sq mi

ZIP Area

78

Density / Sq Mi

$67,614

Median Household Income

$27,017

Median Earnings

$904

Median Rent

$185,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three one-bedroom units have individual heat sources, with tenants paying gas and electric.

Where is this triplex located?

The property is located at 114 Kalamo Olivet, MI.

What is the asking price?

The asking price for this property is $30,000.

What are key features of this property?

This property features: Three one‑bedroom units arranged over a basement; Each unit has its own heat source; Unit A has been recently updated