Updated Triplex Investment
40 Ahrens Street Mount Clemens, MI 48043
40 Ahrens Street, Mount Clemens, MI, 48043
$349,900
For Sale
$349,900
MULTI_FAMILY - Mount Clemens, MI
Property Size2,134 SF
Lot Size0.18 Acres
Price / SF$163.96
Days on Market237
Property Features for 40 Ahrens Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Basement, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3
- Appliances
- Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
- Standard status
- Active
- APN
- 05-11-11-426-004
- Size
- 2,134 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4417
Utilities
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 3
Listing agency
HomeCoin.com
(888) 400-2513
Listed by
Jonathan Minerick · License #01523060
(888) 400-2513
Added: Nov 26, 2025 Updated: Jun 3 at 5:40PM Checked: Jul 21 at 6:06PM
MLS# 50195177
Copyright © 2026 Multiple Listing Service MiRealSource. 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 for-sale triplex offers three separate residences with contemporary updates and no known deferred maintenance. The property contains three units with a total of six bedrooms and three bathrooms, including a 3-bedroom/1-bath Unit 1, a 1-bedroom/1-bath Unit 2, and a 2-bedroom/1-bath Unit 3. Interior improvements highlighted in the remarks include granite countertops, luxury vinyl plank flooring, soft-close kitchen cabinets, and hardwood flooring. Mechanical and finish updates include brand new high-efficiency furnaces, and the units are supported by city rental inspections and certifications in place for all units.
The property is located at 40 Ahrens Street in Mount Clemens, Michigan, in Macomb County. Lot size is listed at 0.18 acres, and the overall property size is 2,134 square feet. Tenant utility responsibility is specified in the remarks: tenants are responsible for their own gas and electric, while the owner is responsible for water.
For buyers seeking a residential income property with three distinct unit mixes, this triplex provides a practical configuration across studios-to-family layouts, from the 1-bedroom through the 3-bedroom unit. The in-place rental inspections and the listed finish and furnace updates are useful considerations for operators evaluating readiness and ongoing maintenance planning.
The property is located at 40 Ahrens Street in Mount Clemens, Michigan, in Macomb County. Lot size is listed at 0.18 acres, and the overall property size is 2,134 square feet. Tenant utility responsibility is specified in the remarks: tenants are responsible for their own gas and electric, while the owner is responsible for water.
For buyers seeking a residential income property with three distinct unit mixes, this triplex provides a practical configuration across studios-to-family layouts, from the 1-bedroom through the 3-bedroom unit. The in-place rental inspections and the listed finish and furnace updates are useful considerations for operators evaluating readiness and ongoing maintenance planning.
Key Highlights
- Triplex with 3 units: Unit 1 (3BR/1BA), Unit 2 (1BR/1BA), and Unit 3 (2BR/1BA)
- Six total bedrooms and three total bathrooms across the three units
- City rental inspections and certifications are in place for all units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $16.20 |
| − Vacancy | −$2.3k | −$1.08 |
| EGI | $32.3k | $15.12 |
| − OpEx | −$9.7k | −$4.54 |
| NOI | $22.6k | $10.59 |
2,134 SF · lease $16.20/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.7K
$282.4K – $376.5K
NOI $22,590 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$286.3K
$250.5K – $334.0K
NOI $20,041 @ 7.0% cap · market cap 5.73%
Theoretical Best
Specialty Retail
$399.5K
$349.6K – $466.1K
NOI $27,966 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit triplex with contemporary interior finishes and in-place city rental inspections.
Where is this triplex located?
The property is located at 40 Ahrens Street Mount Clemens, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Triplex with 3 units: Unit 1 (3BR/1BA), Unit 2 (1BR/1BA), and Unit 3 (2BR/1BA); Six total bedrooms and three total bathrooms across the three units; City rental inspections and certifications are in place for all units
