Duplex with Private
2026 James Avenue Owosso, MI 48867
2026 James Avenue, Owosso, MI, 48867
$124,900
Pending
For Sale
$124,900
Pending
MULTI_FAMILY - Ranch - Owosso, MI
Property Size1,400 SF
Lot Size0.17 Acres
Days on Market70
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
650 Purdy Lane, Grand Blanc, MI
Listed by
Kris Delaney · License #6501368129
(989) 277-1265
Added: May 11 Checked: Jul 19 at 8:06 am
MLS# 50207414
Listing URL
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 features two mirror-image apartments, each with its own private entrance and dedicated parking. The property includes a large rear storage unit, and both units are served by electric heat.
Recent updates include a new roof installed approximately 2 to 3 years ago and exterior power washing for the outside and deck. Unit 2028 James is being presented as a complete remodel and is vacant, with new flooring, new window treatments, professionally reglazed tub, and new paint. Unit 2026 James has a long-term tenant in place.
Additional improvements mentioned include a new electric water heater for the 2028-side unit.
Recent updates include a new roof installed approximately 2 to 3 years ago and exterior power washing for the outside and deck. Unit 2028 James is being presented as a complete remodel and is vacant, with new flooring, new window treatments, professionally reglazed tub, and new paint. Unit 2026 James has a long-term tenant in place.
Additional improvements mentioned include a new electric water heater for the 2028-side unit.
Key Highlights
- Ranch‑style duplex in Caledonia Township with two mirror‑image apartments
- 2028 James is complete remodeled and vacant; new flooring, window treatments, paint, and professionally reglazed tub
- 2026 James has a long‑term tenant
Local 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
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FAQs
What type of property is this?
Duplex - Mirror-image units offer private entrances and parking, with electric heat and recent exterior and interior improvements.
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: Ranch‑style duplex in Caledonia Township with two mirror‑image apartments; 2028 James is complete remodeled and vacant; new flooring, window treatments, paint, and professionally reglazed tub; 2026 James has a long‑term tenant
