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    Three-Unit Multifamily with Conversion Potential Title is generated by Realmo AI

    1719 Saint Clair River Drive, Algonac, MI 48001

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    Pending
    $225,000

    MULTI_FAMILY - Algonac, MI

    Property size:
    2,060 SF
    Lot size:
    0.21 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    105
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 1719 Saint Clair River Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 4, Basement, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Standard status
    Pending
    APN
    01-129-0115-000
    Size
    2,060 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4665

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    3

    We can help!

    Listing Contact
    Maria McGuire
    Maria McGuire

    Listing agent Maria McGuire License #6504242665

    Listing office RE/MAX Advisors 34350 23 Mile Rd, New Baltimore, MI

    Listing date Feb 19, 2026

    MLS# 50199762 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑family home currently used as a three‑unit, with an easy conversion back to a four‑unit layout
    • Each unit has 1 bedroom, 1 full bath, central air conditioning, and an exterior deck
    • Basement includes a laundry facility plus a large convenience room with a nook
    • Public water service
    • Location near Algonac State Park with scenic river views

    Overview

    This multifamily property is currently set up as a three-unit home, with each apartment offering one bedroom, a full bath, central air conditioning, and an exterior deck. The interior includes a large convenience room with a nook, and there is a laundry facility in the basement. The layout also provides the ability to convert the property back to a four-unit configuration.

    Located at 1719 Saint Clair River Drive in Algonac, this property is positioned minutes from Algonac State Park and offers scenic river views. The combination of a residential income layout and outdoor private decks supports day-to-day livability for tenants.

    For an owner-operator, the current three-unit setup can support living in one unit while renting the others. For investors, the property’s consistent unit features and on-site laundry help support straightforward residential leasing, while the noted ability to convert back to four units adds additional layout flexibility for future planning.
    Property Profile 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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Algonac
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.527515
    Latitude
    42.623096

    Nearby Similar for Sale

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      Riverview Apartment Building

      Seven-unit residential income property with separate gas and electric meters and refreshed interiors with updated sewer.
      1523 Saint Clair River Drive, Algonac, MI 48001
      View Details
    • $319,000
      1,900 SF

      M-29 Retail Property For Sale

      Retail property on M-29 with parking and updates.
      588 Pointe Tremble Rd, Algonac, MI 48001
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    • $225,000

      Algonac Multi-Unit Investment Opportunity

      Three-unit property near Algonac State Park, potential for four units.
      1719 Saint Clair River Dr, Algonac, MI 48001
      View Details
    • Contact for pricing
      4 SF

      Neighborhood Shopping Center with Kroger

      Neighborhood shopping center anchored by Kroger and Dollar Tree.
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    FAQs

    What type of property is this?
    Triplex - One-bedroom units with central air and exterior decks, plus basement laundry and flexibility to convert to four units.
    Where is this triplex located?
    The property is located at 1719 Saint Clair River Drive Algonac, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Multi‑family home currently used as a three‑unit, with an easy conversion back to a four‑unit layout; Each unit has 1 bedroom, 1 full bath, central air conditioning, and an exterior deck; Basement includes a laundry facility plus a large convenience room with a nook
    (586) 996-4059
    We can help!
    Listing Contact
    Maria McGuire
    Maria McGuire
    Real Estate License ID: 6504242665
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    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
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