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Duplex Near Downtown
New
For Sale
$150,000

373 N Elm, Shelby, MI 49455

Two-unit residential property within walking distance of Shelby Public Schools and downtown Shelby.

Property Size50 SF
Lot Size0.19 Acres
Days on Market4

Property Features for 373 N Elm

General Information

Standard status Active
Size 50 SF
Lot size 0.19 Acres
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Building Size 50 SF
Listing Agency: Wickstra Realty, Inc.
Listed By: Tim Horton · License #6501258127
Source: Kwlakeside.kw
Added: Sep 11 Changed: Sep 13 Last Checked: Sep 14 at 5:23AM

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 Wickstra Realty, Inc.

Investment Insights

Based on property information with market context.

This duplex offers two residential units on an 8,250-square-foot lot at 373 N Elm St in Shelby, Michigan. The multi-unit layout supports owner-occupancy with income-generating potential, subject to tenants’ rights. The property is positioned within walking distance of Shelby Public Schools and downtown Shelby, placing everyday community destinations nearby. Its 23 Bike Score reflects a somewhat bikeable setting, while the 24 Walk Score identifies the area as car-dependent. The combination of unit configuration, lot area, and downtown proximity provides a straightforward residential income property profile.

Key Highlights

  • Duplex configuration with two residential units
  • 8,250‑square‑foot lot
  • Within walking distance of Shelby Public Schools

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Electrical Service Locksmith Auto Parts Store Law Firm Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

166
Businesses Nearby

Demographics for 49455, MI

5,197
Population
2,733
Households
1.9
Avg Household Size
39
Median Age
21%
College-Educated
87%
High-School Grad
84.8 sq mi
ZIP Area
61
Density / Sq Mi
$65,640
Median Household Income
$35,884
Median Earnings
$697
Median Rent
$144,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property within walking distance of Shelby Public Schools and downtown Shelby.
Where is this duplex located?
The property is located at 373 N Elm Shelby, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; 8,250‑square‑foot lot; Within walking distance of Shelby Public Schools
More about this property
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