Duplex Income
121 Jones St Mount Clemens, MI 48043
New
121 Jones St, Mount Clemens, MI, 48043
$265,000
For Sale
$265,000
MULTI_FAMILY - Mount Clemens, MI
Property Size2,450 SF
Lot Size0.20 Acres
Price / SF$108.16
Days on Market2
Property Features for 121 Jones St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Standard status
- Active
- Size
- 2,450 SF
- Lot size
- 0.20 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1935
- Floors in Building
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
Great Lakes Team Realty
(248) 419-9474
2000 Oakley Park Suite 210, Commece, MI
Listed by
Jennifer Spiers
(248) 419-9474
Added: Jul 19 Updated: Jul 20 at 1:25 am Checked: Jul 20 at 9:06 pm
MLS# 11894362
Listing URL
Copyright © 2026 My State MLS. 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 duplex at 121 Jones St in Mount Clemens presents a straightforward residential income setup with a spacious layout totaling 2,450 square feet on a 0.2-acre lot. The property’s duplex configuration is suited to investors seeking rental income and owner-occupants looking for flexibility.
The home is described as conveniently located near shopping, dining, and major roadways, supporting everyday accessibility for tenants or future occupants.
If you’re looking for a duplex in Mount Clemens, this property is available for sale and can be toured in person to evaluate the condition and the layout firsthand.
The home is described as conveniently located near shopping, dining, and major roadways, supporting everyday accessibility for tenants or future occupants.
If you’re looking for a duplex in Mount Clemens, this property is available for sale and can be toured in person to evaluate the condition and the layout firsthand.
Key Highlights
- Duplex property located in Mt. Clemens
- Built in 1935
- 4 bedrooms and 2 bathrooms (Bedroom 1‑4, Bathroom 1‑2)
Local Financial Insights For Apartment 5plus
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 | $45.0k | $18.36 |
| − Vacancy | −$3.1k | −$1.29 |
| EGI | $41.8k | $17.07 |
| − OpEx | −$18.8k | −$7.68 |
| NOI | $23.0k | $9.39 |
2,450 SF · lease $18.36/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.5K
$324.2K – $432.3K
NOI $25,935 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$328.7K
$287.6K – $383.5K
NOI $23,008 @ 7.0% cap · market cap 8.68%
Theoretical Best
Specialty Retail
$458.7K
$401.4K – $535.1K
NOI $32,108 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offering two separate units with a total size of 2,450 square feet on a 0.2-acre lot in Mount Clemens.
Where is this duplex located?
The property is located at 121 Jones St Mount Clemens, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Duplex property located in Mt. Clemens; Built in 1935; 4 bedrooms and 2 bathrooms (Bedroom 1‑4, Bathroom 1‑2)
