Updated Move-In Ready
218 S Oak St Owosso, MI 48867
218 S Oak St, Owosso, MI, 48867
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For Sale
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Updated duplex with newer paint and flooring, vinyl siding, two furnaces, and two units each with 2 bedrooms and 1 bath.
Property Size1,768 SF
Price / SF$84.79
Days on Market123
Property Features for 218 S Oak St
General Information
- Standard status
- Active
- Size
- 1,768 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
The HOME Office Realty
(989) 277-7860
Listed by
Morgan Beilfuss · License #6501277052
Source
Crexi
Added: Mar 22 Updated: Jul 20 at 5:08PM Checked: Jul 22 at 7:38AM
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 The HOME Office Realty
Investment Insights
Based on property information with market context.
This updated, move-in ready duplex features newer paint and flooring throughout. Exterior improvements include vinyl siding and windows, and the home has newer plumbing. The property includes two furnaces and offers two sheds, along with wide parking.
Each unit is laid out with 2 bedrooms and 1 bathroom. The duplex has most recently been occupied as a single-family home, but it was previously used as multi-family and is described as being zoned for either one configuration or the other.
The property is a strong fit for buyers seeking a residential income property with flexible use history and straightforward, repeatable unit layouts.
Each unit is laid out with 2 bedrooms and 1 bathroom. The duplex has most recently been occupied as a single-family home, but it was previously used as multi-family and is described as being zoned for either one configuration or the other.
The property is a strong fit for buyers seeking a residential income property with flexible use history and straightforward, repeatable unit layouts.
Key Highlights
- Updated, move‑in ready duplex with newer paint and flooring
- Vinyl siding and windows
- Each unit has 2 bedrooms and 1 bath
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 | $25.5k | $14.40 |
| − Vacancy | −$1.8k | −$1.04 |
| EGI | $23.6k | $13.36 |
| − OpEx | −$10.6k | −$6.01 |
| NOI | $13.0k | $7.35 |
1,768 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$207.5K
$181.6K – $242.1K
NOI $14,527 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$185.6K
$162.4K – $216.6K
NOI $12,994 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$337.1K
$294.9K – $393.3K
NOI $23,595 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Updated duplex with newer paint and flooring, vinyl siding, two furnaces, and two units each with 2 bedrooms and 1 bath.
Where is this duplex located?
The property is located at 218 S Oak St Owosso, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Updated, move‑in ready duplex with newer paint and flooring; Vinyl siding and windows; Each unit has 2 bedrooms and 1 bath
