Brick Duplex with Two Occupied
196 BONDALE Avenue, Pontiac, MI 48341
For Sale
$225,000
Multifamily, 2 Story, Pontiac, MI
Property Size1,075 SF
Lot Size0.19 Acres
Price / SF$209.30
Days on Market54
Property Features for 196 BONDALE Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
Inside Realty, LLC
Listed By:
Jennice F Hayes
(248) 758-0022
Added: Sep 15
Changed: Oct 24
Last Checked: Nov 7 at 3:06PM
MLS# 20261074650
Copyright © 2026 Realcomp Limited II. 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 1928 Colonial-style duplex contains two similarly configured units, each with two bedrooms and one bathroom. The property measures 1,075 square feet on a 0.19-acre lot and includes a basement, laundry facilities, forced-air heating, brick construction, an asphalt roof, and public water service. Both units are currently tenant occupied. Appliances are not included, although they may be negotiated separately.
The property is located on Bondale Avenue in Pontiac, within walking distance of St. Joseph Mercy Hospital. It is also positioned near local freeways, the downtown area, and the Amazon center. Multi-Family, Residential zoning supports the property's duplex configuration.
The property is located on Bondale Avenue in Pontiac, within walking distance of St. Joseph Mercy Hospital. It is also positioned near local freeways, the downtown area, and the Amazon center. Multi-Family, Residential zoning supports the property's duplex configuration.
Key Highlights
- Two‑unit duplex with both residences currently tenant occupied
- 1,075 square feet on a 0.19‑acre lot
- Each unit includes two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,229
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,580
$284.6K
Cap Rate 7%
$203,271
$203.3K
Cap Rate 9%
$158,100
$158.1K
Market Conditions
NOI Build-Up for 1,075 SF
Gross rent
$21.3K $19.80/SF
− Vacancy
−$958 −$0.89/SF
EGI
$20.3K $18.91/SF
− OpEx
−$6.1K −$5.67/SF
NOI
$14.2K $13.24/SF
Area
Oakland County, MI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,580
Cap Rate 7%
$203,271
Cap Rate 9%
$158,100
Alternative Uses
Best Use
Multifamily LT 5
$203.3K
$177.9K – $237.2K
NOI $14,229 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$188.4K
$164.8K – $219.8K
NOI $13,186 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
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Business Placement
Demographics for 48341, MI
16,980
Population
8,601
Households
2
Avg Household Size
38
Median Age
24%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
2,534
Density / Sq Mi
$46,185
Median Household Income
$34,200
Median Earnings
$917
Median Rent
$124,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oakland County, MI
Properties on Market for Duplexes in Oakland County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching units are currently occupied, with laundry facilities and forced-air heating.
Where is this duplex located?
The property is located at 196 BONDALE Avenue Pontiac, 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: Two‑unit duplex with both residences currently tenant occupied; 1,075 square feet on a 0.19‑acre lot; Each unit includes two bedrooms and one bathroom
