3-Unit Multifamily
1860 N Maple Road, Ann Arbor, MI 48103
For Sale
$449,900
Under Contract
Multi Family, Ann Arbor, MI
Property Size2,960 SF
Lot Size0.18 Acres
Price / SF$151.99
Days on Market49
Property Features for 1860 N Maple Road
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Amenities
storage rooms
soundproof windows
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Block Real Estate
Listed By:
Gerrit Stukkie · License MI #6502422438
(734) 274-9521
Added: Sep 23
Changed: Oct 30
Last Checked: Nov 10 at 9:06AM
MLS# 26050610
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.
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Investment Insights
Based on property information with market context.
This 3-unit property contains 7 bedrooms and 3 full bathrooms across 2,960 square feet. Built in 1952, it has forced-air heat, central air, and newer furnaces and water heaters. The lower level has been refreshed, and numerous main-floor and unit windows have been replaced. One bedroom facing N Maple Road has soundproof windows. Two large storage rooms serve the three units, and the property has a valid Certificate of Occupancy.
The upper unit is occupied under a month-to-month lease. The property is within Ann Arbor Public Schools and within walking distance of city bus service and Garden Homes Park. The parcel measures 0.18 acres and is served by public sewer.
The upper unit is occupied under a month-to-month lease. The property is within Ann Arbor Public Schools and within walking distance of city bus service and Garden Homes Park. The parcel measures 0.18 acres and is served by public sewer.
Key Highlights
- Three‑unit property with 7 bedrooms and 3 full bathrooms
- 2,960 square feet on a 0.18‑acre parcel
- Valid Certificate of Occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,359
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,180
$767.2K
Cap Rate 7%
$547,986
$548.0K
Cap Rate 9%
$426,211
$426.2K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$58.6K $19.80/SF
− Vacancy
−$3.8K −$1.29/SF
EGI
$54.8K $18.51/SF
− OpEx
−$16.4K −$5.55/SF
NOI
$38.4K $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%
$767,180
Cap Rate 7%
$547,986
Cap Rate 9%
$426,211
Alternative Uses
Best Use
Multifamily LT 5
$548.0K
$479.5K – $639.3K
NOI $38,359 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$481.1K
$421.0K – $561.3K
NOI $33,677 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$653.7K
$572.0K – $762.7K
NOI $45,761 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
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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
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Market
Properties on Market for Triplexes in Washtenaw County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - A valid Certificate of Occupancy and updated mechanical systems support the property's three-unit configuration.
Where is this triplex located?
The property is located at 1860 N Maple Road Ann Arbor, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three‑unit property with 7 bedrooms and 3 full bathrooms; 2,960 square feet on a 0.18‑acre parcel; Valid Certificate of Occupancy
