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    Duplex with Lake-View Patio Title is generated by Realmo AI

    123/125 Pearson Street, Beaverton, MI 48612

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    For Sale
    $399,000

    MULTI_FAMILY - Conventional - Beaverton, MI

    Property size:
    3,430 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $116/SF
    Added:
    Jun 13, 2025
    Days on Market:
    359
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 123/125 Pearson Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Basement, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 2, Laundry Room
    Parking features
    Driveway, Garage, Assigned
    Patio and Porch features
    Patio
    Interior features
    9 ft + Ceilings, Cable/Internet Avail., Cathedral/Vaulted Ceiling
    Exterior features
    Patio, Sidewalks, Street Lights
    Appliances
    Dishwasher, Range/Oven, Refrigerator
    Standard status
    Active
    APN
    160-012-100-003-00
    Size
    3,430 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9013

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    2006
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Conventional

    We can help!

    Listing Contact
    Karah Ralph
    Karah Ralph

    Listing agent Karah Ralph License #6502374762

    Listing office Century 21 Signature Realty Midland 409 Ashman Suite #3, Saginaw, MI

    Listing date Jun 13, 2025

    MLS# 50178699

    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.

    HighLights

    • Attached duplex built in 2006 on the shores of Ross Lake in Beaverton, MI
    • Two identical units, each with 3 bedrooms and 2 full baths
    • Each unit includes a full walk‑out basement for storage or future finishing
    • Open‑concept living area with kitchen, dining, and living room in both units
    • Patio with lake views plus public sidewalks and street lights
    • One unit currently rented while the other unit is vacant and move‑in ready

    Overview

    This attached duplex was built in 2006 and offers two identical units. Each unit features three bedrooms, two full bathrooms, and an open-concept living area combining kitchen, dining, and living room. Full, walk-out basements are included for additional storage and potential future finishing. The property also includes a patio with views of Ross Lake.

    The duplex is located at 123/125 Pearson Street in Beaverton, Michigan, within city limits. The setting provides lakeside scenery while still offering convenient access to schools, shopping, and local amenities.

    The layout supports a range of ownership goals, including an investor strategy or owner-occupancy. One side is currently rented, while the other unit is vacant and move-in ready, allowing a buyer to take occupancy immediately while collecting rental income from the occupied unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beaverton
    County
    Gladwin
    State
    Michigan
    Longitude
    -84.4856808
    Latitude
    43.883647

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    FAQs

    What type of property is this?
    Duplex - Attached duplex built in 2006 with two identical units, walk-out basements, and patio lake views.
    Where is this duplex located?
    The property is located at 123/125 Pearson Street Beaverton, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Attached duplex built in 2006 on the shores of Ross Lake in Beaverton, MI; Two identical units, each with 3 bedrooms and 2 full baths; Each unit includes a full walk‑out basement for storage or future finishing
    (989) 252-7811
    We can help!
    Listing Contact
    Karah Ralph
    Karah Ralph
    Real Estate License ID: 6502374762
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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