Two-Unit Duplex with
1261 W GRAND BLANC Road, Grand Blanc, MI 48439
For Sale
$229,900
Pending
Multifamily, 2 Story, Mundy Twp, MI
Property Size1,400 SF
Lot Size0.53 Acres
Days on Market653
Property Features for 1261 W GRAND BLANC Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Pets allowed
Interior features
Exterior features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
washer and dryer
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
KW Showcase Realty · Keller Williams Realty
(248) 360-2900
Listed By:
Robert C Sprader · License #259834
(248) 640-2680
Added: Jan 26, 2025
Changed: Oct 23
Last Checked: Nov 9 at 6:06AM
MLS# 20250005617
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex contains two private-entry residences within a Colonial-style building constructed in 1934. The lower apartment includes one bedroom, 1.1 baths, a living room, dining area, kitchen, and basement laundry. The upper apartment offers one bedroom, a bathroom, living room, and kitchen. Both units have gas-fired forced-air furnaces, while window units provide cooling. Vinyl siding, exterior lighting, and an oversized 2.5-car garage add practical improvements.
The property occupies 0.53 acres at 1261 W Grand Blanc Road in Mundy Twp, Michigan, with expressway access noted in the property information. Each residence has its own entrance, and the lot provides space for parking and outdoor use. The property is served by a private well and is zoned Multi-Family, Residential. Tenants have occupied the units for 18 years, and showings require 24-hour notice.
The property occupies 0.53 acres at 1261 W Grand Blanc Road in Mundy Twp, Michigan, with expressway access noted in the property information. Each residence has its own entrance, and the lot provides space for parking and outdoor use. The property is served by a private well and is zoned Multi-Family, Residential. Tenants have occupied the units for 18 years, and showings require 24-hour notice.
Key Highlights
- Two residential units, each with a private entrance
- 1,400 square feet on a 0.53‑acre lot
- Oversized 2.5‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,025
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,500
$240.5K
Cap Rate 7%
$171,786
$171.8K
Cap Rate 9%
$133,611
$133.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$18.1K $12.96/SF
− Vacancy
−$965 −$0.69/SF
EGI
$17.2K $12.27/SF
− OpEx
−$5.2K −$3.68/SF
NOI
$12.0K $8.59/SF
Area
Genesee County, MI
Vacancy
5.32%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,500
Cap Rate 7%
$171,786
Cap Rate 9%
$133,611
Alternative Uses
Best Use
Multifamily LT 5
$171.8K
$150.3K – $200.4K
NOI $12,025 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$153.3K
$134.1K – $178.8K
NOI $10,729 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$294.6K
$257.8K – $343.7K
NOI $20,622 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Genesee County, MI
Properties on Market for Duplexes in Genesee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, basement laundry, and forced-air heating support each unit.
Where is this duplex located?
The property is located at 1261 W GRAND BLANC Road Grand Blanc, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two residential units, each with a private entrance; 1,400 square feet on a 0.53‑acre lot; Oversized 2.5‑car garage
