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    Townhouse-Style Triplex Investment Title is generated by Realmo AI

    364 Harbortown Court, Holland, MI 49423

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    For Sale
    $499,900

    MULTI_FAMILY - Holland, MI

    Lot size:
    0.29 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 364 Harbortown Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Rooms
    Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 2
    Parking
    9
    Standard status
    Active
    APN
    70-16-27-472-002
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 6, HARBORTOWN SITE CONDOMINIUMS SEC 27 T5N R15W
    Tax Annual Amount
    14746

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Andrew Smith
    Andrew Smith

    Listing agent Andrew Smith

    Listing office EXP Realty (Grand Rapids) 4545 Cascade Rd SE Ste 1, Grand Rapids, MI

    Listing date Jun 3, 2026

    MLS# 26026671 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Cash‑flowing 3‑unit townhouse‑style triplex with private entries for each unit
    • Each unit includes an attached extra‑deep single‑stall garage plus a mechanical/storage room
    • Units feature a living room, dining area with access to a 10' x 10' deck, and a kitchen with appliances
    • Each unit has 2 large bedrooms and includes a full bath and a half bath
    • Laundry closets with stacked washer/dryer included in each unit
    • Built in 2001 with vinyl siding, composition roof, forced air heat, and central air; public sewer and cable available

    Overview

    This cash-flowing 3-unit townhouse-style triplex is well cared for and professionally managed. Each unit features a private entry, an attached extra-deep single-stall garage, and a dedicated mechanical/storage room. Inside, residents will find a spacious living room and dining area with access to a 10' x 10' deck, along with a kitchen that includes appliances. The main level also has a half bath. Each unit offers two large bedrooms, a full bath, and a laundry closet with a stacked washer/dryer for added convenience.

    The property is located in a quiet, low-traffic cul-de-sac setting, offering a more residential feel while still serving as a dependable rental option. A solid rental configuration, coupled with garage parking and private entries, supports tenant appeal and day-to-day livability.

    For investors, this is a straightforward income-producing asset with townhouse-style floorplans and clear separation between units. The included garage parking, in-unit laundry, and deck access are practical features that can help support ongoing tenant satisfaction, while the professionally managed operation adds an additional layer of operational ease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.065038
    Latitude
    42.78449

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    FAQs

    What type of property is this?
    Triplex - Cash-flowing 3-unit triplex with private entries, attached garages, and functional townhouse-style layouts.
    Where is this triplex located?
    The property is located at 364 Harbortown Court Holland, MI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Cash‑flowing 3‑unit townhouse‑style triplex with private entries for each unit; Each unit includes an attached extra‑deep single‑stall garage plus a mechanical/storage room; Units feature a living room, dining area with access to a 10' x 10' deck, and a kitchen with appliances
    (616) 209-0323
    We can help!
    Listing Contact
    Andrew Smith
    Andrew Smith
    Request Owner's contact information
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    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.

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