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Tenant-Occupied Triplex
For Sale
$285,000

20 Thorpe Street, Pontiac, MI 48341

Multifamily property with two occupied units and one vacant unit.

Property Size2,568 SF
Days on Market63

Property Features for 20 Thorpe Street

General Information

Standard status Active
Size 2,568 SF
Total Parking Spaces 3
Property subtype Residential Income
Zoning Multi-Family

Units

Unit Mix 1 x 3BR, 2 x 1BR
Multifamily Units 3

Additional Details

Gross Income $30,120

Taxes and HOA fees

Annual Taxes $4,945

Building Details

Building Size 2,568 SF
Year Built 1920
Stories 2
Units 3
Listing Agency: Keller Williams Somerset
Listed By: Joseph Hammel · License #6501422602
Source: Insiderealty
Added: Jun 29 Changed: Aug 30 Last Checked: Aug 30 at 3:32AM

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 Keller Williams Somerset

Investment Insights

Based on property information with market context.

This three-unit residential income property includes one 3-bedroom unit and two 1-bedroom units. Two units are occupied, while the remaining unit is vacant. The building was constructed in 1920 and carries Multi-Family zoning.

Located at 20 Thorpe Street in Pontiac, Michigan, the property offers an existing rental configuration with a defined unit mix. The vacant unit is available for viewing before an accepted offer; access to the occupied units is available for showings and inspections after acceptance.

Key Highlights

  • Three‑unit property with one 3‑bedroom unit and two 1‑bedroom units
  • Two of the three units are currently tenant occupied
  • One unit is vacant and available for viewing before an accepted offer

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Bakery Electrical Service HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

415
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily property with two occupied units and one vacant unit.
Where is this triplex located?
The property is located at 20 Thorpe Street Pontiac, MI.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three‑unit property with one 3‑bedroom unit and two 1‑bedroom units; Two of the three units are currently tenant occupied; One unit is vacant and available for viewing before an accepted offer
More about this property
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