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Duplex with Rental License
For Sale
$225,000

1916 Stockman Road, Mt Pleasant, MI 48858

Multi-Family, Duplex, Mt Pleasant, MI

Property Size2,320 SF
Lot Size0.26 Acres
Price / SF$96.98
Days on Market101

Property Features for 1916 Stockman Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning Residential
Zoning description Residential
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Exterior features Sidewalk
Appliances Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Window A/C Unit (s), Blinds, Natural Gas Water Heater
Elementary school district Mount Pleasant City School District
Middle school district Mount Pleasant City School District
High school district Mount Pleasant City School District
Directions Broomfield to Stockman Rd
Subdivision Isabella
Standard status Active
Size 2,320 SF
Lot size 0.26 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description STOCKMAN ACRES LOT 21 BLK 1
Legal Description STOCKMAN ACRES LOT 21 BLK 1

Building Details

Year built 1955
Number of units 2
Building materials Frame
Roof type Asphalt
Architectural style Other
Buildings 1
Listing Agency: Keller Williams of NM Signature Group · Keller Williams Realty
Listed By: Gavin Percha
Added: Jul 20 Changed: Oct 27 Last Checked: Oct 28 at 8:06PM
MLS# 1948243

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This frame duplex, built in 1955, contains 2,320 square feet on a 0.26-acre lot and has a residential rental license. The property includes refrigerators, oven/ranges, dishwashers, washers, dryers, window air-conditioning units, blinds, and a natural gas water heater. Sidewalk frontage is also present.

The upper unit is leased from 10/1/2026 through 6/30/2027, while the lower unit has a lease running from 8/1/2026 through 7/30/2027. Residential zoning applies.

Key Highlights

  • 2,320‑square‑foot duplex on a 0.26‑acre lot
  • Rental license in place
  • Upper unit leased 10/1/2026 to 6/30/2027

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby

Demographics for 48858, MI

41,844
Population
19,396
Households
2.2
Avg Household Size
30
Median Age
37%
College-Educated
93%
High-School Grad
174.4 sq mi
ZIP Area
240
Density / Sq Mi
$48,794
Median Household Income
$22,775
Median Earnings
$862
Median Rent
$168,000
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - A licensed two-unit property with leases scheduled across portions of 2026 and 2027.
Where is this duplex located?
The property is located at 1916 Stockman Road Mt Pleasant, 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: 2,320‑square‑foot duplex on a 0.26‑acre lot; Rental license in place; Upper unit leased 10/1/2026 to 6/30/2027
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