Building Details

Year Built 1935

Buildings 1

Construction ranch

Listing Agency: KW Realty Livingston

Listed By: Rick Beaudin · License #6501292587 Show Phone

Source: Premiermichiganhomesearch

Added: Sep 1 Changed: Oct 14 Last Checked: Oct 16 at 12:19PM

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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 KW Realty Livingston

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Investment Insights

Based on property information with market context.

This 1,190-square-foot ranch-style duplex, built in 1935, contains two separate living areas. The larger side includes three bedrooms, a full bathroom, a kitchen, a step-down family room, and a basement with laundry facilities and a washer and dryer. The second unit has its own entrance along with one bedroom, a full bathroom, a kitchen, and a family room, creating a practical two-unit layout within the home.

The property sits on a corner lot with mature trees and includes the parcel across the street. That additional parcel can accommodate parking, boat storage, or a garden. Residents also have access to Whitmore Lake, while US 23 provides connections toward Ann Arbor and I-96. Shopping and dining are described as conveniently accessible from the property.

Key Highlights

• Two‑unit ranch home with 4 bedrooms and 2 full bathrooms
• 1,190‑square‑foot property built in 1935
• Larger unit has 3 bedrooms, basement laundry, and washer and dryer

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,840

Cap Rate

4.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$216,800 $216.8K

Cap Rate 7%

$154,857 $154.9K

Cap Rate 9%

$120,444 $120.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,190 SF

Gross rent

$16.4K $13.80/SF

− Vacancy

−$936 −$0.79/SF

EGI

$15.5K $13.01/SF

− OpEx

−$4.6K −$3.90/SF

NOI

$10.8K $9.11/SF

Area

Livingston County, MI

Vacancy

5.70%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$216,800

Cap Rate 7%

$154,857

Cap Rate 9%

$120,444

Alternative Uses

Best Use

Multifamily LT 5

$154.9K

$135.5K – $180.7K (±1% cap)

NOI $10,840 @ 7.0% cap · market cap 4.03%

Second Best

Apartment 5plus

$142.4K

$124.6K – $166.1K (±1% cap)

NOI $9,967 @ 7.0% cap · market cap 3.71%

Theoretical Best

Healthcare Medical

$189.5K

$165.9K – $221.1K (±1% cap)

NOI $13,268 @ 7.0% cap · market cap 4.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center HVAC Service Hair Salon 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

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

155

Businesses Nearby

Explore this area Business Placement

Demographics for 48189, MI

14,038

Population

6,196

Households

2.3

Avg Household Size

43

Median Age

38%

College-Educated

97%

High-School Grad

34.2 sq mi

ZIP Area

410

Density / Sq Mi

$82,433

Median Household Income

$48,223

Median Earnings

$1,228

Median Rent

$286,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two separate living areas offer flexible occupancy, with additional land across the street for parking or storage.

Where is this duplex located?

The property is located at 128 Front Dr Northfield Twp, MI.

What is the asking price?

The asking price for this property is $269,000.

What are key features of this property?

This property features: Two‑unit ranch home with 4 bedrooms and 2 full bathrooms; 1,190‑square‑foot property built in 1935; Larger unit has 3 bedrooms, basement laundry, and washer and dryer