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Homer Village Duplex Investment
For Sale
$314,500

203 E Main St, Homer, MI 49245

Income-producing duplex in Homer, MI with strong rental appeal.

Property SizeContact for details
Lot Size0.24 Acres
Days on Market150

Property Features for 203 E Main St

General Information

Standard status Active
Lot size 0.24 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $4,560

Building Details

Year Built 2009
Units 2
Listing Agency: Berkshire Hathaway HomeServices MI
Listed By: Lori Sturdevant
Source: Elliman
Added: Mar 25 Changed: Aug 11 Last Checked: Aug 20 at 8:58AM

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 MI

Investment Insights

Based on property information with market context.

This duplex, constructed in 2009, presents an investment opportunity in the Village of Homer. Each unit features 2 bedrooms and 1.5 bathrooms, complemented by a 1-car garage and a storage room. A back patio with a privacy wall connects to the garage, enhancing the living space. The property is designed for comfortable living and is intended for rental purposes. Currently, the units are rented on a month-to-month basis, providing immediate income with the flexibility for future rent adjustments or owner occupancy. Tenants are responsible for all utilities, while the owner covers trash expenses. 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 those interested in a house-hacking opportunity.

Key Highlights

  • Immediate income from two rented units on a month‑to‑month basis.
  • Low‑expense investment, tenants pay all utilities except trash.
  • Built in 2009, newer duplex designed for comfortable living and rental appeal.

Property Analytics

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

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 - Income-producing duplex in Homer, MI with strong rental appeal.
Where is this duplex located?
The property is located at 203 E Main St Homer, MI.
What is the asking price?
The asking price for this property is $314,500.
What are key features of this property?
This property features: Immediate income from two rented units on a month‑to‑month basis.; Low‑expense investment, tenants pay all utilities except trash.; Built in 2009, newer duplex designed for comfortable living and rental appeal.
More about this property
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