Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Portage Triplex Investment Opportunity Title is generated by Realmo AI

    1320 Winters Drive, Portage, MI 49002

    View on Map
    Claim this Listing
    For Sale
    $274,000

    MULTI_FAMILY - Portage, MI

    Lot size:
    0.17 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    60
    Last Refresh:
    May 18 at 9:06 pm

    Property Features for 1320 Winters Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Rooms
    Bathroom 3, Bedroom 6, Laundry Room, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
    Parking
    7
    Parking features
    Paved or Surfaced, Driveway
    Standard status
    Active
    APN
    10-00880-001-B
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SUPERVISORS PLAT OF BRENTWOOD PARK E 97.39 FT OF LOT 1
    Tax Annual Amount
    6641

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Radiant, Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1952
    Number of units
    3
    Building materials
    Brick, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Jason A Mais

    Listing agent Jason A Mais

    Listing office O'Brien Real Estate 527 S Westnedge Avenue, Kalamazoo, MI

    Listing date Mar 20, 2026

    MLS# 26011058 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the highly desirable Portage School district.
    • Three‑unit investment property with immediate income potential.
    • Each unit has two bedrooms.
    • Two upper units feature bright sunrooms and attached garage parking.
    • New separate electrical service panels with drop meter.
    • Main floor unit includes in‑unit laundry and separately metered utilities.

    Overview

    This three-unit investment property is located in the desirable Portage School district. The property features new, separate electrical service panels with a drop meter, and extensive tree removal has been completed. The main floor unit includes 2 bedrooms, a fireplace, in-unit laundry, and separately metered utilities. There are two additional 2-bedroom units upstairs, each with sunrooms and attached garage parking. One upper unit has been refreshed with new flooring and paint, while the other offers an opportunity for customization and increased rental potential. This property offers immediate income potential with room to increase returns.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.574012
    Latitude
    42.237739

    Nearby Similar for Sale

    • $1,450,000
      14,589 SF

      Versatile Flex/Industrial Building in Portage

      Adaptable flex/industrial building near US-131, suitable for various uses.
      9340 Shaver Road, Portage, MI 49024
      View Details
    • $525,000
      2,118 SF

      Corner Commercial Building For Sale

      2,118 SF building in excellent condition, ready for occupancy.
      7940 S Sprinkle Road, Portage, MI 49002
      View Details
    • $695,000
      10,520 SF

      Portage Industrial Building For Sale

      10,520 SF industrial building on 0.89 acres in Portage.
      9702 Portage Road, Portage, MI 49002
      View Details
    • $169,000
      864 SF

      Versatile Commercial Property in Portage

      Commercial B-3 zoned property with ample parking and accessibility.
      5837 Portage Road, Portage, MI 49002
      View Details
    • $1,875,000
      18,140 SF

      Portage Industrial Building For Sale

      18,140 SF industrial building ideal for various operations.
      9350 Shaver Road, Portage, MI 49024
      View Details
    • $925,000
      8,400 SF

      Fully Leased Investment Opportunity

      Fully leased commercial condo units in North Portage.
      5120 Lovers Lane, Portage, MI 49002
      View Details
    • $149,900
      1,066 SF

      Portage Commercial Building For Sale

      1,066 SF standalone building suited for industrial or medical use.
      6242 Lovers Lane, Portage, MI 49002
      View Details
    • $850,000
      4,776 SF

      Renovated Office Condo Investment

      High-traffic location, stable income, and ample parking.
      3250 W Centre Ave, Portage, MI, 49024, Portage, MI 49024
      View Details
    • $1,650,000
      7,428 SF

      Remodeled Restaurant Building Near Airport

      Remodeled 7,428 SF restaurant with high capacity and ample parking.
      5402 Portage Road, Portage, MI 49002
      View Details
    • $699,900
      45,000 SF

      Portage Commercial Opportunity: 28 Acres

      28 acres with 45,000 SF buildings in Portage, Michigan.
      9801 Shaver Rd, Portage, MI 49024
      View Details
    • $589,900
      2,492 SF

      Stand-Alone Office Building For Sale

      High-quality Portage office building on Centre Avenue Corridor.
      2176 E Centre Avenue, PortageCity_Kalamazoo, MI 49002
      View Details
    • $349,900
      5,349 SF

      Mixed-Use Property in Portage, MI

      Mixed-use property on 1.26 acres in high-traffic area.
      8324/8328 Portage Road, Portage, MI 49002
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property in Portage School district with income potential.
    Where is this triplex located?
    The property is located at 1320 Winters Drive Portage, MI.
    What is the asking price?
    The asking price for this property is $274,000.
    What are key features of this property?
    This property features: Prime location in the highly desirable Portage School district.; Three‑unit investment property with immediate income potential.; Each unit has two bedrooms.
    (269) 350-6169
    We can help!
    Listing Contact
    Jason A Mais
    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
    1320 Winters Drive, Portage, MI 49002
    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!