2026 James Avenue, Owosso, MI 48867
MULTI_FAMILY - Ranch - Owosso, MI
- Added:
- May 11, 2026
- Days on Market:
- 37
- Last Refresh:
- Jun 16 at 11:06 pm
Property Features for 2026 James Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2
- Patio and Porch features
- Deck
- Exterior features
- Deck, Street Lights
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 007-46-006-019-01
- Size
- 1,400 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1643
Utilities
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 2
- Architectural style
- Ranch
Listing agent Kris Delaney License #6501368129 (989) 277-1265
Listing office Keller Williams First 650 Purdy Lane, Grand Blanc, MI (517) 625-4663
Listing date May 11, 2026
Copyright © 2026 Greater Shiawassee Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex in Caledonia Township with mirror‑image apartments
- 2028 James is a complete remodel and currently vacant
- New roof completed 2–3 years ago
- Each unit has a private entrance and parking
- Updates include new flooring, new paint, new window trim, and tub professionally reglazed
- Public water; each unit has electric heat and an electric water heater (new in 2028 side)
Overview
The duplex is located in Caledonia Township in Shiawassee County, with the address at 2026 James Avenue in Owosso, Michigan 48867.
For buyers seeking a straightforward residential income property, the separate entrances and parking for each unit support privacy and day-to-day convenience. With one side fully renovated and vacant while the other side remains occupied, the duplex may appeal to owners who want to maintain an existing rental while preparing the other unit for immediate leasing or tenancy after finishing.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.6k | $12.60 |
| − Vacancy | −$1.2k | −$0.86 |
| EGI | $16.4k | $11.74 |
| − OpEx | −$4.9k | −$3.52 |
| NOI | $11.5k | $8.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Owosso
- County
- Shiawassee
- State
- Michigan
- Longitude
- -84.140999
- Latitude
- 42.988319
