Duplex with Shared
For Sale
$206,000
Pending
2203 Auburn Ave, Holt, MI 48842
Each residence has two bedrooms, a laundry room, and its own electric meter.
Property Size2,048 SF
Days on Market14
Property Features for 2203 Auburn Ave
General Information
Standard status
Pending
Size
2,048 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
yard
porch
laundry room
garage
Building Details
Buildings
1
Listing Agency:
Vision Real Estate
(517) 676-7700
Listed By:
Alissa Pawlowski · License #6501378252
(517) 775-8676
Source:
Exprealty
Added: Sep 23
Changed: Oct 1
Last Checked: Oct 5 at 8:49PM
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 Vision Real Estate
Investment Insights
Based on property information with market context.
This 2,048-square-foot duplex contains two residences, each arranged with two bedrooms, a bathroom, living room, kitchen, and laundry room. Separate electric meters serve the units, and each has an entrance at the front or rear. A porch, spacious yard, and shared 1.5-car garage are additional property features.
The roof dates to 2019, and the windows are 10 years old. New flooring in boxes is included. The property is in Holt, within walking distance of nearby schools and churches.
The roof dates to 2019, and the windows are 10 years old. New flooring in boxes is included. The property is in Holt, within walking distance of nearby schools and churches.
Key Highlights
- Two residences totaling 2,048 square feet, each with two bedrooms
- Separate electric meters for the two units
- Shared 1.5‑car garage, spacious yard, and porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,563
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,260
$371.3K
Cap Rate 7%
$265,186
$265.2K
Cap Rate 9%
$206,256
$206.3K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$28.3K $13.80/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$26.5K $12.95/SF
− OpEx
−$8.0K −$3.88/SF
NOI
$18.6K $9.06/SF
Area
Ingham County, MI
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,260
Cap Rate 7%
$265,186
Cap Rate 9%
$206,256
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.0K – $309.4K
NOI $18,563 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$238.3K
$208.5K – $278.0K
NOI $16,682 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$329.0K
$287.9K – $383.9K
NOI $23,033 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 48842, MI
21,548
Population
9,573
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,830
Median Household Income
$50,275
Median Earnings
$1,245
Median Rent
$211,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a laundry room, and its own electric meter.
Where is this duplex located?
The property is located at 2203 Auburn Ave Holt, MI.
What is the asking price?
The asking price for this property is $206,000.
What are key features of this property?
This property features: Two residences totaling 2,048 square feet, each with two bedrooms; Separate electric meters for the two units; Shared 1.5‑car garage, spacious yard, and porch
