Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Unit Residential Income Duplex Title is generated by Realmo AI

    1499 Wellesley Dr, Mount Clemens, MI 48043

    View on Map
    Claim this Listing
    New
    For Sale
    $195,000

    Two-level duplex offering separate living spaces, including patios, decks, and a full unfinished basement plus detached garage.

    Type:Investment
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:55 am

    Property Features for 1499 Wellesley Dr

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    Maria McGuire
    Maria McGuire

    Listing agent Maria McGuire License #6504242665

    Listing office RE/MAX Advisors

    Listing date Jun 3, 2026

    Source Elliman

    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 RE/MAX Advisors

    HighLights

    • Two‑level duplex with separate living spaces, including a patio and a deck
    • First floor: 2 bedrooms and 1 full bath
    • Second floor: 1 bedroom and 1 full bath
    • Full, unfinished basement
    • 2‑car detached garage
    • Built in 1948

    Overview

    This two-unit residential duplex is configured with two separate units across the first and second floors. The first floor includes 2 bedrooms and 1 full bath, along with a patio. The second floor has 1 bedroom and 1 full bath, plus a deck. A full, unfinished basement provides additional usable storage or future expansion. There is also a 2-car detached garage.

    The property is located in Mount Clemens, MI. Walk and bike scores indicate it is car-dependent, with limited walkability and some bikeability.

    For buyers seeking a straightforward residential income property, the unit-by-unit layout and outdoor features offer tenants clear, functional separation of space. The unfinished basement and detached garage can support practical everyday storage needs for occupants, while keeping the main living areas concentrated on the first and second floors.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.887924
    Latitude
    42.57875

    Nearby Similar for Sale

    • $550,000
      5,529 SF

      Commercial Property in Mt. Clemens

      Commercial property with established tenants in high-traffic area.
      209 Northbound Gratiot Avenue, Mt. Clemens, MI 48043
      View Details
    • $250,000
      2,572 SF

      Victorian Duplex in Mt. Clemens

      Charming Victorian duplex with investment or owner-occupant potential.
      98 ELDREDGE Street, Mt. Clemens, MI 48043
      View Details
    • $195,000
      1,842 SF

      Duplex With Patio, Deck, and Garage

      Duplex offers separate living spaces with private outdoor areas, plus an unfinished basement and detached 2-car garage.
      1499 Wellesley Drive, Mount Clemens, MI 48043
      View Details
    • $239,000
      2,450 SF

      Duplex in Mount Clemens, MI

      Duplex with income potential near shopping and dining.
      121 Jones St, Mount Clemens, MI 48043
      View Details
    • $324,900
      2,326 SF

      Totally Remodeled Two-Unit Duplex

      Move-in ready duplex with updated finishes and two distinct unit layouts for flexible owner-occupant or rental use.
      273 Southbound Gratiot Avenue, Mount Clemens, MI 48043
      View Details
    • $239,900
      1,969 SF

      Occupied Multifamily Investment Opportunity

      Five-unit multifamily property in Mt. Clemens with long-term tenants.
      104 Grand Avenue, Mt. Clemens, MI 48043
      View Details
    • $349,900
      2,134 SF

      Updated Triplex Investment Property

      Three-unit triplex with contemporary interior finishes and in-place city rental inspections.
      40 Ahrens Street, Mount Clemens, MI 48043
      View Details
    • $475,000
      3,934 SF

      Historic Office and Retail Building

      Historic Mt. Clemens building suitable for office or retail.
      56 Macomb Place, Mt Clemens City, MI 48043
      View Details
    • $165,000

      Mount Clemens Duplex Opportunity

      Duplex near downtown Mount Clemens with updated units.
      16 Leslie Street, Mount Clemens, MI 48043
      View Details
    • $529,000
      3,702 SF

      Remodeled Commercial Property in Mt. Clemens

      Prime commercial property in downtown Mt. Clemens with high-end remodel.
      104 MACOMB, Mt. Clemens, MI 48043
      View Details
    • $550,000

      Established Retail Property For Sale

      High-traffic location with long-term tenants, strong investment opportunity.
      209 Northbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $189,900
      2,614 SF

      Two-Story Residential Conversion Building

      Two-story building with basement and existing second-floor kitchens and baths, offering a practical path to multifamily conversion.
      247 North Gratiot, Mount Clemens, MI 48043
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-level duplex offering separate living spaces, including patios, decks, and a full unfinished basement plus detached garage.
    Where is this duplex located?
    The property is located at 1499 Wellesley Dr Mount Clemens, MI.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Two‑level duplex with separate living spaces, including a patio and a deck; First floor: 2 bedrooms and 1 full bath; Second floor: 1 bedroom and 1 full bath
    (586) 996-4059
    We can help!
    Listing Contact
    Maria McGuire
    Maria McGuire
    Real Estate License ID: 6504242665
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1499 Wellesley Dr, Mount Clemens, MI 48043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!