Two-Story
For Sale
$139,000
305 E Main Street, Durand, MI 48429
Multifamily, 2 Story, Durand, MI
Property Size1,600 SF
Lot Size0.13 Acres
Price / SF$86.88
Days on Market96
Property Features for 305 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 2
Parking
3
Pets allowed
Call
Subdivision
M V Russells Add
Elementary school district
Durand
Middle school district
Durand
High school district
Durand
Directions
North On S. Oak To West On West Main To House On North Side Of Road
Standard status
Active
APN
0207200200600
Size
1,600 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
M. V. RUSSELL'S ADD. DURAND CITY LOTS 6 AND 7 BLK. 2.
Tax Annual Amount
2446
Legal Description
M. V. RUSSELL'S ADD. DURAND CITY LOTS 6 AND 7 BLK. 2.
Utilities
Heating system
Forced Air
Water source
Public
Amenities
washer and dryer
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Building materials
Vinyl
Architectural style
Other
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Lynne Gebski
(248) 207-3446
Added: Jul 2
Changed: Sep 13
Last Checked: Oct 5 at 11:06PM
MLS# 20261050406
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story duplex contains 1,600 square feet within a residentially zoned property on a 0.13-acre lot. The building dates to 1880 and features vinyl exterior construction, forced-air heat, a basement, four bedrooms, and two bathrooms. Public water serves the property.
Both units are currently rented. The upstairs unit has a newer furnace, while two newer hot water heaters serve the building. A washer and dryer are included. The property is located on E Main Street in downtown Durand, Michigan.
Both units are currently rented. The upstairs unit has a newer furnace, while two newer hot water heaters serve the building. A washer and dryer are included. The property is located on E Main Street in downtown Durand, Michigan.
Key Highlights
- Two‑story duplex with 1,600 square feet
- 0.13‑acre residentially zoned lot
- Fully rented with both units occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,760
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,200
$235.2K
Cap Rate 7%
$168,000
$168.0K
Cap Rate 9%
$130,667
$130.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$23.0K $14.40/SF
− Vacancy
−$1.7K −$1.04/SF
EGI
$21.4K $13.36/SF
− OpEx
−$9.6K −$6.01/SF
NOI
$11.8K $7.35/SF
Area
Shiawassee County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,200
Cap Rate 7%
$168,000
Cap Rate 9%
$130,667
Alternative Uses
Best Use
Multifamily LT 5
$187.8K
$164.3K – $219.1K
NOI $13,147 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$168.0K
$147.0K – $196.0K
NOI $11,760 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$305.0K
$266.9K – $355.9K
NOI $21,353 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 48429, MI
8,445
Population
4,059
Households
2.1
Avg Household Size
45
Median Age
15%
College-Educated
91%
High-School Grad
53.2 sq mi
ZIP Area
159
Density / Sq Mi
$60,070
Median Household Income
$39,496
Median Earnings
$833
Median Rent
$151,600
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 - Fully leased residential property with basement storage, public water, and included washer and dryer.
Where is this duplex located?
The property is located at 305 E Main Street Durand, MI.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two‑story duplex with 1,600 square feet; 0.13‑acre residentially zoned lot; Fully rented with both units occupied
