Duplex with Private Entrances and
2026 James Avenue Owosso, MI 48867
For Sale
$124,900
Pending
MULTI_FAMILY - Ranch - Owosso, MI
Property Size1,400 SF
Lot Size0.17 Acres
Days on Market78
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
- Pending
- 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 Agency:
Keller Williams First
(517) 625-4663
Listed By:
Kris Delaney · License #6501368129
(989) 277-1265
Added: May 11
Changed: Jul 25
Last Checked: Jul 27 at 8:06AM
MLS# 50207414
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.
Investment Insights
Based on property information with market context.
This duplex offers two mirror-image apartments, each with its own private entrance and parking. Electric heat is provided in both units. Unit at 2028 James is described as a complete remodel and is currently vacant, with new flooring throughout, new window treatments, tub professionally reglazed, fresh paint, and a new electric water heater noted for the 2028 side. The property also includes a large storage unit in the rear.
The listing notes a new roof completed approximately 2–3 years ago, and the outside/deck area was recently power washed. The unit at 2026 James has a long-term tenant.
The property is situated on a small lot and includes a rear storage component to support tenant use.
The listing notes a new roof completed approximately 2–3 years ago, and the outside/deck area was recently power washed. The unit at 2026 James has a long-term tenant.
The property is situated on a small lot and includes a rear storage component to support tenant use.
Key Highlights
- Duplex in Caledonia Township with two mirror‑image apartments
- 2028 James is a complete remodel and vacant; new flooring, new window treatments, tub professionally reglazed, and new paint
- 2026 James has a long‑term tenant
Financial Insights For Apartment 5plus
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 | $20.2k | $14.40 |
| − Vacancy | −$1.5k | −$1.04 |
| EGI | $18.7k | $13.36 |
| − OpEx | −$8.4k | −$6.01 |
| NOI | $10.3k | $7.35 |
1,400 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$164.3K
$143.8K – $191.7K
NOI $11,503 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$147.0K
$128.6K – $171.5K
NOI $10,290 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$266.9K
$233.6K – $311.4K
NOI $18,684 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two mirror-image units feature private entrances, each with parking, plus electric heat and separate storage.
Where is this duplex located?
The property is located at 2026 James Avenue Owosso, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Duplex in Caledonia Township with two mirror‑image apartments; 2028 James is a complete remodel and vacant; new flooring, new window treatments, tub professionally reglazed, and new paint; 2026 James has a long‑term tenant
