Brick Duplex with In-Unit
For Sale
$534,000
413 S Revena Blvd, Ann Arbor, MI 48103
Two-bedroom units include updated flooring, central air, and private washer/dryer setups.
Property Size1,624 SF
Price / SF$328.82
Days on Market202
Property Features for 413 S Revena Blvd
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
updated flooring
in-unit washer/dryer
new appliances
new energy efficient windows
central air
parking
outdoor space
Building Details
Year Built
1954
Buildings
1
Construction
brick
Listing Agency:
J Keller Properties, LLC
Listed By:
Jonathon Keller · License #6502370935
(734) 323-1072
Source:
Vmrealestatemichigan
Added: Mar 19
Changed: Oct 1
Last Checked: Oct 5 at 7:27PM
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 J Keller Properties, LLC
Investment Insights
Based on property information with market context.
This 1,624-square-foot brick duplex was built in 1954 and contains two units, each with two bedrooms, one bathroom, and an in-unit washer and dryer. Updates include flooring, appliances, and energy-efficient windows; the property also has central air, parking, and outdoor space among mature trees. One unit is occupied through July 2027, while the other has been cleaned and is ready for a new renter or owner. The property has a Home Energy Score of 4.
The duplex is at the end of S. Revena Boulevard, a few minutes from downtown Ann Arbor.
The duplex is at the end of S. Revena Boulevard, a few minutes from downtown Ann Arbor.
Key Highlights
- Two‑unit brick duplex totaling 1,624 square feet
- Each unit has 2 bedrooms and 1 bathroom
- One unit occupied through 7/2027; the other is cleaned and ready for a renter or owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,046
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,920
$420.9K
Cap Rate 7%
$300,657
$300.7K
Cap Rate 9%
$233,844
$233.8K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$32.2K $19.80/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$30.1K $18.51/SF
− OpEx
−$9.0K −$5.55/SF
NOI
$21.0K $12.96/SF
Area
Ann Arbor, MI
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,920
Cap Rate 7%
$300,657
Cap Rate 9%
$233,844
Alternative Uses
Best Use
Multifamily LT 5
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$264.0K
$231.0K – $308.0K
NOI $18,477 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$358.7K
$313.8K – $418.5K
NOI $25,107 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units include updated flooring, central air, and private washer/dryer setups.
Where is this duplex located?
The property is located at 413 S Revena Blvd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $534,000.
What are key features of this property?
This property features: Two‑unit brick duplex totaling 1,624 square feet; Each unit has 2 bedrooms and 1 bathroom; One unit occupied through 7/2027; the other is cleaned and ready for a renter or owner
