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2-Unit Duplex with Garages
New
For Sale
$314,500

203 E Main St, Homer, MI 49245

Month-to-month occupancy and tenant-paid utilities provide flexibility for continued rental operation or owner occupancy.

Property SizeContact for details
Days on Market3

Property Features for 203 E Main St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1.5BA
Multifamily Units 2
Parking per Unit 1

Amenities

patio
storage room

Building Details

Year Built 2009
Buildings 1
Listing Agency: Compass Realty
Listed By: Cornerstone Real Estate
Source: Cornerstonemi
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 21 at 2:06AM

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 Compass Realty

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Investment Insights

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Built in 2009, this duplex contains two units, each with two bedrooms, one and a half bathrooms, a one-car garage, and a storage room. A rear patio with a privacy wall connects to each garage. All appliances are included in the sale.

Both units are leased month to month. Tenants pay all utilities, while the owner covers trash service. The existing arrangement allows for continued rental use or potential occupancy of one unit by an owner.

Key Highlights

  • Two‑unit duplex built in 2009
  • Each unit has 2 bedrooms and 1.5 bathrooms
  • One‑car garage and storage room for each unit

Property Analytics

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Lease Details

2
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Month-to-month occupancy and tenant-paid utilities provide flexibility for continued rental operation or owner occupancy.
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: Two‑unit duplex built in 2009; Each unit has 2 bedrooms and 1.5 bathrooms; One‑car garage and storage room for each unit
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