Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Williamston Triplex with Income Potential Title is generated by Realmo AI

    2359 E GRAND RIVER Rd, Williamston, MI 48895

    View on Map
    Claim this Listing
    For Sale
    $239,900

    Three-unit income property in Williamston, MI with tenant income.

    Type:Investment
    Lot size:
    0.52 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 10 at 9:01 am

    Property Features for 2359 E GRAND RIVER Rd

    General Information

    Standard status
    Active
    Lot size
    0.52 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Jason Van Sickle
    Jason Van Sickle

    Listing agent Jason Van Sickle

    Listing office

    Listing date Apr 15, 2026

    Source Elliman

    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 Jason Van Sickle

    HighLights

    • Income‑generating property with two tenant units already in place
    • Main residence is a 3 bed, 1.5 bath unit
    • Separate gas and electric meters for each unit
    • Recently remodeled main home with stainless steel appliances
    • Large .52 acre lot
    • Includes a 2 bed, 1 bath unit and a 1 bed, 1 bath cottage

    Overview

    This is a three-unit income property located in Williamston, MI. The main home features 3 bedrooms and 1.5 bathrooms with an unfinished basement. The second unit includes 2 bedrooms and 1 bathroom, and the third unit is a 1 bedroom, 1 bathroom cottage. The property sits on a 0.52-acre lot. Separate gas and electric meters are in place. The main home has been recently remodeled and includes stainless steel appliances. The property is located in a car-dependent area.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Ingham
    State
    Michigan
    Longitude
    -84.268118
    Latitude
    42.686617

    Nearby Similar for Sale

    • $349,900
      640 SF

      Williamston Barber Shop Opportunity

      Barber shop with income potential in downtown Williamston.
      142 S Putnam Street, Williamston, MI 48895
      View Details
    • $499,000
      3,442 SF

      Historic Farmhouse with Business Potential

      Charming farmhouse on 5.49 acres with business and residential space.
      3435 Dietz Road, Williamston, MI 48895
      View Details
    • $174,900

      Williamston Duplex: Investment Opportunity

      Fully occupied duplex in Williamston with strong rental history.
      327 E Middle Street, Williamston, MI 48895
      View Details
    • $405,000
      12,680 SF

      12,680 SF Commercial Building For Sale

      Commercial building with office, garage, and storage on 1.56 acres.
      954 E Grand River Ave, Williamston, MI 48895
      View Details
    • $1,950,000
      16,885 SF

      Williamston Retail Building For Sale

      16,885 SF free-standing retail building in Williamston, Michigan.
      2991 N Williamston Rd, Williamston, MI 48895
      View Details
    • $799,000
      10,622 SF

      Versatile Office Warehouse in Williamston

      10,094 sq ft office warehouse with flexible space.
      101 Innovation Parkway, Williamston, MI 48895,
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three-unit income property in Williamston, MI with tenant income.
    Where is this multifamily property located?
    The property is located at 2359 E GRAND RIVER Rd Williamston, MI.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: Income‑generating property with two tenant units already in place; Main residence is a 3 bed, 1.5 bath unit; Separate gas and electric meters for each unit
    (517) 492-3353
    We can help!
    Listing Contact
    Jason Van Sickle
    Jason Van Sickle
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2359 E GRAND RIVER Rd, WilliamstownTownship_Ingham, MI 48895
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!