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Renovated Duplex Investment Opportunity
For Sale
$299,900

201 East Main Street, Homer, MI 49245

Fully renovated duplex, immediate income, flexible rental adjustments, exceptional property.

Property Size8,712 SF
Price / SF$34.42
Days on Market171

Property Features for 201 East Main Street

General Information

Standard status Active
Size 8,712 SF
Property subtype Multi Family / 2 to 4 Units

Taxes and HOA fees

Annual Taxes $1,375

Amenities

Central, Yes
Forced Air, Yes
Yes
Forced Air
Natural Gas
Central Air
In Bathroom, Main Level
0.0
Composition
Paved, Public
Michigan Basement, Partial
Vinyl Siding

Building Details

Year Built 1880
Units 2
Listing Agency: Berkshire Hathaway HomeServices Michigan Real Estate
Listed By: Lori Sturdevant · License #6501368733
Source: Compass
Added: Mar 23 Changed: Sep 8 Last Checked: Sep 8 at 6:03AM

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 Berkshire Hathaway HomeServices Michigan Real Estate

Investment Insights

Based on property information with market context.

This fully renovated duplex presents an investment opportunity in the Village of Homer. The property has been completely transformed since 2021, offering modern appeal. Each unit features 2 bedrooms and an open-concept layout. Sheds are included. The units are rented on a month-to-month basis, providing immediate income with flexibility for future rent adjustments or owner occupancy. Tenants are responsible for all utilities, with the owner responsible for trash removal. All appliances are owned and included in the sale. This turnkey, income-producing property offers potential for investors looking to expand their portfolio or for owner-occupancy.

Key Highlights

  • Fully renovated duplex since 2021, offering modern appeal and peace of mind.
  • Turnkey and income‑producing with immediate rental income.
  • Each unit features 2 spacious bedrooms and an open‑concept layout.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Hair Salon Restaurant (Bike/Boat/Book/etc) Store Nail Salon Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

142
Businesses Nearby

Demographics for 49245, MI

4,672
Population
1,830
Households
2.6
Avg Household Size
39
Median Age
11%
College-Educated
86%
High-School Grad
92.5 sq mi
ZIP Area
51
Density / Sq Mi
$59,460
Median Household Income
$35,197
Median Earnings
$822
Median Rent
$146,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Fully renovated duplex, immediate income, flexible rental adjustments, exceptional property.
Where is this duplex located?
The property is located at 201 East Main Street Homer, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Fully renovated duplex since 2021, offering modern appeal and peace of mind.; Turnkey and income‑producing with immediate rental income.; Each unit features 2 spacious bedrooms and an open‑concept layout.
More about this property
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