Two-Unit Duplex with
2155-2157 Welch Drive, Stevensville, MI 49127
For Sale
New
$250,000
Multi Family, Stevensville, MI
Property Size1,862 SF
Lot Size0.55 Acres
Price / SF$134.26
Days on Market3
Property Features for 2155-2157 Welch Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Basement
Subdivision
Lot features
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Amenities
laundry hookups
patio
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Jaqua Realtors
(269) 983-8051
Listed By:
Christine Norland · License MI #6506047714
(269) 408-6412
Added: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 26059859
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1971, this single-level duplex contains approximately 1,862 square feet across two residences. Each side has two bedrooms, one full bathroom, a living area, a kitchen, main-floor laundry hookups, and an attached one-car garage. Patio access and a backyard provide outdoor space, while a separate shed adds storage. The building has brick and wood siding, a composition roof, crawl space, and public water and sewer. The roof was replaced in March 2024.
The property occupies a 0.55-acre lot in Lincoln Township, within the Lakeshore School District. It is part of an established area with other duplex properties and has access to shopping, dining, and everyday services.
The property occupies a 0.55-acre lot in Lincoln Township, within the Lakeshore School District. It is part of an established area with other duplex properties and has access to shopping, dining, and everyday services.
Key Highlights
- Two residences with approximately 1,862 square feet of living space
- Each side includes 2 bedrooms, 1 full bath, kitchen, living area, and laundry hookups
- Two attached one‑car garages, with driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,030
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,600
$340.6K
Cap Rate 7%
$243,286
$243.3K
Cap Rate 9%
$189,222
$189.2K
Market Conditions
NOI Build-Up for 1,862 SF
Gross rent
$25.7K $13.80/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$24.3K $13.07/SF
− OpEx
−$7.3K −$3.92/SF
NOI
$17.0K $9.15/SF
Area
Berrien County, MI
Vacancy
5.32%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,600
Cap Rate 7%
$243,286
Cap Rate 9%
$189,222
Alternative Uses
Best Use
Multifamily LT 5
$243.3K
$212.9K – $283.8K
NOI $17,030 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$217.1K
$190.0K – $253.3K
NOI $15,197 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$391.8K
$342.8K – $457.1K
NOI $27,427 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 49127, MI
10,811
Population
5,043
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
17.1 sq mi
ZIP Area
632
Density / Sq Mi
$96,781
Median Household Income
$44,903
Median Earnings
$1,103
Median Rent
$287,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Berrien County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer laundry hookups, patio access, and a private attached garage.
Where is this duplex located?
The property is located at 2155-2157 Welch Drive Stevensville, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two residences with approximately 1,862 square feet of living space; Each side includes 2 bedrooms, 1 full bath, kitchen, living area, and laundry hookups; Two attached one‑car garages, with driveway parking
