Tenant-Occupied Multifamily
324 LIBERTY St, Pontiac, MI 48341
For Sale
$185,000
Side-by-side townhouse properties are offered together, with separate parcel numbers for each address.
Property Size916 SF
Days on Market53
Property Features for 324 LIBERTY St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Tenancy
Listing Agency:
M77 LLC
Listed By:
Laith W Marroki · License #6501304862
(586) 567-6000
Source:
Elliman
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 8 at 6:48AM
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 M77 LLC
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Investment Insights
Based on property information with market context.
This multifamily offering includes side-by-side townhouse properties at 324 and 326 Liberty St, with each address associated with its own parcel number. The buildings were constructed in 1948 and are currently tenant occupied.
The property is in Pontiac, MI, with a Walk Score of 63 and a Bike Score of 44. Showings are by appointment only, and tenants should not be approached or disturbed.
The property is in Pontiac, MI, with a Walk Score of 63 and a Bike Score of 44. Showings are by appointment only, and tenants should not be approached or disturbed.
Key Highlights
- Side‑by‑side townhouse properties at 324 and 326 Liberty St
- Each property has its own parcel number
- Tenant occupied; showings by appointment only
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,236
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,720
$224.7K
Cap Rate 7%
$160,514
$160.5K
Cap Rate 9%
$124,844
$124.8K
Market Conditions
NOI Build-Up for 916 SF
Gross rent
$21.3K $23.28/SF
− Vacancy
−$896 −$0.98/SF
EGI
$20.4K $22.30/SF
− OpEx
−$9.2K −$10.04/SF
NOI
$11.2K $12.27/SF
Area
Oakland County, MI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,720
Cap Rate 7%
$160,514
Cap Rate 9%
$124,844
Alternative Uses
Best Use
Apartment 5plus
$160.5K
$140.5K – $187.3K
NOI $11,236 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$197.6K
$172.9K – $230.5K
NOI $13,830 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
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Business Placement
Demographics for 48341, MI
16,980
Population
8,601
Households
2
Avg Household Size
38
Median Age
24%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
2,534
Density / Sq Mi
$46,185
Median Household Income
$34,200
Median Earnings
$917
Median Rent
$124,600
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Pontiac, MI
Properties on Market for Multifamily properties in Pontiac
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Side-by-side townhouse properties are offered together, with separate parcel numbers for each address.
Where is this multifamily property located?
The property is located at 324 LIBERTY St Pontiac, MI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Side‑by‑side townhouse properties at 324 and 326 Liberty St; Each property has its own parcel number; Tenant occupied; showings by appointment only
