Well-Maintained Duplex in Eberwhite
For Sale
$499,900
1716 Orchard Street, Ann Arbor, MI 48103
Desirable duplex with updated features in a prime location.
Property Size1,440 SF
Price / SF$347.15
Days on Market192
Property Features for 1716 Orchard Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi Family
Listing Agency:
The Charles Reinhart Company
(734) 769-3800
Listed By:
Jean Wedemeyer
(734) 604-2523
Source:
Blueowlprop
Added: Apr 11
Changed: Oct 11
Last Checked: Oct 19 at 6:31AM
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 The Charles Reinhart Company
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Investment Insights
Based on property information with market context.
This well-maintained duplex presents an opportunity for both owner-occupants and investors. Located in a desirable west side neighborhood within the Eberwhite School District, each unit features 2 bedrooms and 1 bath, with approximately 720 sq ft of living space. The first-floor unit includes a spacious eat-in kitchen equipped with a dishwasher, in-unit washer and dryer, a bright living room with large windows, newer flooring, and a classic tiled bath. The upper unit features vaulted ceilings throughout, a skylight in the bathroom, newer flooring, a dishwasher, a washer and dryer, and a private second-floor porch. Two driveways provide off-street parking for up to 4 cars. The property also includes a nice-sized backyard. Additional highlights include a new boiler (2025), two water heaters (new 2022 & 2026), wall-mount A/C units in each unit, separately metered electricity, and updated double-pane windows. A Certificate of Compliance is valid through September 2028. The bike score is 68, indicating it is bikeable, the walk score is 42, indicating it is car-dependent, and the transit score is 41, indicating some transit options are available.
Key Highlights
- Desirable location in the Eberwhite School District.
- Well‑maintained duplex, ideal for owner‑occupant or investor.
- Each unit has in‑unit washer and dryer and a dishwasher.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,661
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,220
$373.2K
Cap Rate 7%
$266,586
$266.6K
Cap Rate 9%
$207,344
$207.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$28.5K $19.80/SF
− Vacancy
−$1.9K −$1.29/SF
EGI
$26.7K $18.51/SF
− OpEx
−$8.0K −$5.55/SF
NOI
$18.7K $12.96/SF
Area
Ann Arbor, MI
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,220
Cap Rate 7%
$266,586
Cap Rate 9%
$207,344
Alternative Uses
Best Use
Multifamily LT 5
$266.6K
$233.3K – $311.0K
NOI $18,661 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$234.1K
$204.8K – $273.1K
NOI $16,384 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$318.0K
$278.3K – $371.0K
NOI $22,262 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Desirable duplex with updated features in a prime location.
Where is this duplex located?
The property is located at 1716 Orchard Street Ann Arbor, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Desirable location in the Eberwhite School District.; Well‑maintained duplex, ideal for owner‑occupant or investor.; Each unit has in‑unit washer and dryer and a dishwasher.
