2026 James Avenue, Owosso, MI 48867
MULTI_FAMILY - Ranch - Owosso, MI
- Added:
- May 11, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 11 at 9:06 pm
Property Features for 2026 James Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1
- 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 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, each with private entrance and parking
- New roof installed 2–3 years ago for the property
- 2028 James: complete remodel and vacant; new flooring, new window trim, reglazed tub, new paint, and deck power‑washed
- Electric water heater newly installed for 2028 James
- 2026 James has a long‑term tenant
- Large rear storage unit included
Overview
The duplex sits on a compact lot and is located in Caledonia Township, Shiawassee County, near the address at 2026 James Avenue and 2028 James. Exterior maintenance has been addressed recently, and a new electric water heater is noted for the 2028 side.
For buyers seeking an owner-occupied or investment residential income property, the separation of entries and parking can simplify tenant experience and day-to-day operations. With one unit currently vacant and fully updated while the other has a long-term tenant, the duplex may fit buyers looking for a straightforward two-unit structure with electric heating and recent interior refresh in the vacant side.
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
