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    Updated Triplex Investment Property Title is generated by Realmo AI

    40 Ahrens Street, Mount Clemens, MI 48043

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    For Sale
    $349,900

    MULTI_FAMILY - Mount Clemens, MI

    Property size:
    2,134 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $163/SF
    Added:
    Nov 26, 2025
    Days on Market:
    190
    Last Refresh:
    Jun 4 at 5:06 am

    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

    We can help!

    Listing Contact
    Jonathan Minerick
    Jonathan Minerick

    Listing agent Jonathan Minerick License #6502431542

    Listing office HomeCoin.com N8789 Bush Lake Rd, San Diego, MI

    Listing date Nov 26, 2025

    MLS# 50195177 Listing URL

    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.

    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
    • Public water source; owner pays water and tenants are responsible for their own gas/electric
    • Many updates listed, including granite countertops, luxury vinyl plank flooring, soft‑close kitchen cabinets, hardwood floors, and brand new high‑efficiency furnaces
    • Appliances included: washer, dryer, refrigerator, range/oven, microwave, and freezer

    Overview

    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.

    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 (±1% cap)
    NOI $22,590 @ 7.0% cap · market cap 6.46%
    Second Best
    Apartment 5plus
    $286.3K
    $250.5K – $334.0K (±1% cap)
    NOI $20,041 @ 7.0% cap · market cap 5.73%
    Theoretical Best
    Specialty Retail
    $399.5K
    $349.6K – $466.1K (±1% cap)
    NOI $27,966 @ 7.0% cap · market cap 7.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.875579
    Latitude
    42.606421

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    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
    (888) 400-2513
    We can help!
    Listing Contact
    Jonathan Minerick
    Jonathan Minerick
    Real Estate License ID: 6502431542
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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.

    More about this property
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