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Homer Duplex: Investment Opportunity
For Sale
$314,500

203 E Main Street, Homer, MI 49245

MULTI_FAMILY - Homer, MI

Property SizeContact for details
Lot Size0.24 Acres
Days on Market152

Property Features for 203 E Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential
Bedrooms 4
Full bathrooms 2
Half bathrooms 2
Rooms Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3
Parking 6
Parking features Paved or Surfaced
Lot features Level, Sidewalk
Elementary school district Homer
Middle school district Homer
High school district Homer
Directions From M-60 head south onto Webster, left onto Main S
Standard status Active
APN 134312001800
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description HOMER TOWNSHIP T4S R4W SECTION VILLAGE OF HOMER ORIGINAL PLAT LOT 20, EXCEPT THE E 6 FT .18 AC +/-
Tax Annual Amount 4560
Legal Description HOMER TOWNSHIP T4S R4W SECTION VILLAGE OF HOMER ORIGINAL PLAT LOT 20, EXCEPT THE E 6 FT .18 AC +/-

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 2009
Number of units 2
Building materials Vinyl Siding
Roof type Composition
Listing Agency: Berkshire Hathaway HomeServices Michigan Real Estate
Listed By: Lori Sturdevant
Added: Mar 23 Changed: Jul 25 Last Checked: Aug 21 at 9:06AM
MLS# 26011288

Copyright © 2026 Michigan Regional Information Center, LLC. 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, constructed in 2009, presents an investment opportunity in the Village of Homer. Each unit features 2 bedrooms and 1.5 bathrooms, complemented by a one-car garage and a storage room. A back patio with a privacy wall connects to the garage. Designed for comfortable living and rental appeal, the units are currently 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 included in the sale. The property, situated on a 0.24-acre lot, offers potential for portfolio expansion or house-hacking, where one unit can be occupied while the other contributes to mortgage coverage. This turnkey, income-producing property offers peace of mind and modern appeal for investors.

Key Highlights

  • Newer duplex built in 2009 with vinyl siding, composition roof, forced‑air heating, and central air
  • Each unit is a 2‑bedroom, 1.5‑bath layout with a 1‑car garage plus a storage room
  • Units include appliances that are owned and included in the sale

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.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

137
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Newer duplex in Homer, MI, ideal for investors or owner-occupiers.
Where is this duplex located?
The property is located at 203 E Main Street 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: Newer duplex built in 2009 with vinyl siding, composition roof, forced‑air heating, and central air; Each unit is a 2‑bedroom, 1.5‑bath layout with a 1‑car garage plus a storage room; Units include appliances that are owned and included in the sale
More about this property
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