12-Unit Apartment
For Sale
$875,000
3377 W Vienna Road, Clio, MI 48420
Multifamily, 2 Story, Vienna Twp, MI
Property Size9,686 SF
Lot Size1.22 Acres
Price / SF$90.34
Days on Market9
Property Features for 3377 W Vienna Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
24
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 11, Bedroom 21, Bathroom 10, Bedroom 9, Bedroom 24, Bedroom 13, Bedroom 4, Bedroom 19, Bedroom 23, Bedroom 6, Bathroom 6, Bedroom 17, Bedroom 14, Bedroom 7, Bedroom 12, Bedroom 16, Bedroom 10, Bedroom 18, Bedroom 15, Bathroom 7, Bathroom 5, Bedroom 20, Bathroom 8, Bathroom 9, Bathroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 12, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 22, Bedroom 8, Bathroom 1, Bedroom 11
Pets allowed
Yes
Subdivision
Neelands Sub
Elementary school district
Clio
Middle school district
Clio
High school district
Clio
Directions
East of Jennings Rd.
Standard status
Active
APN
1822505001
Size
9,686 SF
Lot size
1.22 Acres
Taxes and HOA fees
Tax Description
LOTS 1 & 2 NEELANDS SUBDIVISION (75)
Tax Annual Amount
14191
Legal Description
LOTS 1 & 2 NEELANDS SUBDIVISION (75)
Utilities
Heating system
Forced Air, Baseboard
Water source
Public
Amenities
additional storage
on-site laundry
Building Details
Year built
1973
Floors in Building
2
Number of units
12
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
Keller Williams First · Keller Williams Realty
(810) 515-1503
Listed By:
Joshua Lewandowski
(810) 691-3970
Added: Sep 28
Changed: Sep 29
Last Checked: Oct 6 at 12:06AM
MLS# 20261078815
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 12-unit apartment property spans three buildings totaling 9,686 square feet on 1.22 acres. Built in 1973, the buildings have aluminum construction and asphalt roofs, with forced-air and baseboard heating. Public water serves the property, which is zoned Commercial. On-site laundry and additional storage are also included.
Improvements include a new roof on one building and replacement windows in two of the three buildings. Several apartments have received updates within the last four years.
Improvements include a new roof on one building and replacement windows in two of the three buildings. Several apartments have received updates within the last four years.
Key Highlights
- 12 residential units across three buildings
- 9,686 square feet on 1.22 acres
- On‑site laundry and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,228
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,560
$1.5M
Cap Rate 7%
$1,060,400
$1.1M
Cap Rate 9%
$824,756
$824.8K
Market Conditions
NOI Build-Up for 9,686 SF
Gross rent
$143.0K $14.76/SF
− Vacancy
−$8.0K −$0.83/SF
EGI
$135.0K $13.93/SF
− OpEx
−$60.7K −$6.27/SF
NOI
$74.2K $7.66/SF
Area
Genesee County, MI
Vacancy
5.60%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,560
Cap Rate 7%
$1,060,400
Cap Rate 9%
$824,756
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$927.9K – $1.24M
NOI $74,228 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,673 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 48420, MI
21,771
Population
9,136
Households
2.4
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
328
Density / Sq Mi
$63,427
Median Household Income
$40,420
Median Earnings
$797
Median Rent
$177,800
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?
Apartment building - Three buildings offer on-site laundry and storage alongside the residential units.
Where is this apartment building located?
The property is located at 3377 W Vienna Road Clio, MI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 12 residential units across three buildings; 9,686 square feet on 1.22 acres; On‑site laundry and additional storage
