273 Southbound Gratiot Avenue, Mount Clemens, MI 48043
MULTI_FAMILY - Colonial - Mount Clemens, MI
- Added:
- Jun 22, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 22 at 6:06 pm
Property Features for 273 Southbound Gratiot Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 2
- Standard status
- Active
- APN
- 05-11-14-379-012
- Size
- 2,326 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4441
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1923
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Colonial
Listing agent James Fennell License #6501242077 (586) 996-1251
Listing office Berkshire Hathaway HomeServices Kee Realty NB 36622 Green St, Clinton Twp, MI (586) 315-5700
Listing date Jun 22, 2026
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Totally remodeled 2‑unit multi‑family home, move‑in ready
- First‑floor unit: 1 bedroom with a large kitchen and a full bath
- Upper unit: 3 bedrooms, a full bath, a kitchen, and a large sitting area
- Basement included; forced air heating
- Public water source; built in 1923 in a Colonial architectural style
- Potential to split the lot into 2 lots and sell the back parcel
Overview
Located at 273 Southbound Gratiot Avenue in Mount Clemens, MI (Macomb County). The site totals 0.36 acres and includes 2,326 square feet of building area. The property is described as a duplex with the potential, for added value, to split the lot into two lots for resale of the back parcel.
This configuration can work well for an owner-occupant looking to live in one unit while renting the other, while also fitting buyers seeking a residential income property with distinct unit layouts. Each unit includes a full bath and kitchen, supporting day-to-day independence between spaces. The remodeled condition and current move-in readiness are practical considerations for tenants, owner-users, and investors evaluating a turn-key duplex with flexible living and work possibilities within the upper unit’s sitting area.
Local Financial Insights For Multifamily LT 5
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 | $37.7k | $16.20 |
| − Vacancy | −$2.5k | −$1.08 |
| EGI | $35.2k | $15.12 |
| − OpEx | −$10.6k | −$4.54 |
| NOI | $24.6k | $10.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mount Clemens
- County
- Macomb
- State
- Michigan
- Longitude
- -82.882172
- Latitude
- 42.587236
