Move-In Ready Duplex
426 E Williams Street Owosso, MI 48867
For Sale
$174,900
Pending
MULTI_FAMILY - Owosso, MI
Property Size2,176 SF
Lot Size0.29 Acres
Days on Market36
Property Features for 426 E Williams Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Basement, Bathroom 2
Patio and Porch features
Porch
Exterior features
Porch, Sidewalks
Appliances
Dryer, Range/Oven, Refrigerator, Washer
Standard status
Pending
APN
050-260-000-026-00
Size
2,176 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
3154
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Listing Agency:
Richard Harsh and Associates LLC
(941) 662-5014
Listed By:
Richard Harsh · License #6502414793
(941) 662-5014
Added: Jun 22
Changed: Jul 24
Last Checked: Jul 27 at 1:06PM
MLS# 50212428
Copyright © 2026 Greater Shiawassee Regional Board of Realtors. 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.
426–428 E Williams Street presents a move-in ready duplex with two units. Each unit offers an open concept layout with sizable living and dining areas, a kitchen with abundant cabinetry and counter space, and two upstairs bedrooms served by one full bath. A private basement in each unit includes a dedicated laundry area and additional storage space.
The property is set up for separate utility management, with 100-amp electrical service and separate meters for each unit. The back of the house includes a shed for each unit and a lush backyard.
The duplex is currently able to generate rental income, with one unit already tenant-occupied. Separate meters, individual basements, and the above-unit configurations make the property well suited for buyers seeking a functional, low-hassle residential income setup.
The property is set up for separate utility management, with 100-amp electrical service and separate meters for each unit. The back of the house includes a shed for each unit and a lush backyard.
The duplex is currently able to generate rental income, with one unit already tenant-occupied. Separate meters, individual basements, and the above-unit configurations make the property well suited for buyers seeking a functional, low-hassle residential income setup.
Key Highlights
- Duplex at 426‑428 E Williams Street in Owosso, MI built in 1910
- 2 units with 2 bedrooms and 1 bath per unit, each with 1,100 sq ft of living space
- Separate meters and 100‑amp electrical for each unit
Financial Insights For Apartment 5plus
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 | $31.3k | $14.40 |
| − Vacancy | −$2.3k | −$1.04 |
| EGI | $29.1k | $13.36 |
| − OpEx | −$13.1k | −$6.01 |
| NOI | $16.0k | $7.35 |
2,176 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.4K
$223.5K – $298.0K
NOI $17,880 @ 7.0% cap · market cap 10.22%
Second Best
Apartment 5plus
$228.5K
$199.9K – $266.6K
NOI $15,993 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$414.9K
$363.0K – $484.0K
NOI $29,040 @ 7.0% cap · market cap 16.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Beautifully maintained duplex with two separate units, each featuring two bedrooms, one bath, private basement laundry, and shed space.
Where is this duplex located?
The property is located at 426 E Williams Street Owosso, MI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Duplex at 426‑428 E Williams Street in Owosso, MI built in 1910; 2 units with 2 bedrooms and 1 bath per unit, each with 1,100 sq ft of living space; Separate meters and 100‑amp electrical for each unit
