Two-Story Triplex with
For Sale
$295,000
Pending
4355 LAPEER Road, Burton, MI 48509
Multifamily, 2 Story, Burton, MI
Property Size2,800 SF
Lot Size0.78 Acres
Days on Market62
Property Features for 4355 LAPEER Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family,Residential
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4
Pets allowed
Yes
Exterior features
Fenced
Fencing
Fenced
Subdivision
SUBURBAN HOMESITES
Elementary school district
Bentley
Middle school district
Bentley
High school district
Bentley
Directions
Located between Center and Genesee Rd.
Standard status
Pending
APN
5915552021
Size
2,800 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Description
LOT 21 SUBURBAN HOMESITES
Tax Annual Amount
2973
Legal Description
LOT 21 SUBURBAN HOMESITES
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s), Central Air
Water source
Well
Amenities
fenced in back yard
handicap accessible bath
storage loft
additional storage
Building Details
Year built
1929
Floors in Building
2
Number of units
3
Building materials
Vinyl
Roof type
Asphalt
Architectural style
Other
Listing Agency:
American Associates Inc
(810) 750-3333
Listed By:
Sally A Newland · License #6501306655
(810) 955-4898
Added: Aug 6
Changed: Sep 18
Last Checked: Oct 6 at 4:06AM
MLS# 20261064281
Copyright © 2026 Realcomp Limited II. 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 2,800-square-foot triplex, built in 1929, combines a three-bedroom, two-bath main residence with two one-bedroom apartments. Each unit has its own meter, electrical box, and furnace, while the primary residence includes a handicap-accessible bathroom. The property is zoned Multi-Family,Residential and offers the flexibility to retain its current configuration or convert the improvements back to a single-family home.
The 0.78-acre parcel includes a fenced backyard, a 2.5-car garage with loft storage, and a 6x10 addition at the rear of the garage. The property backs up to Kelly Park and is located within Bently schools. Well water, forced-air heating, central air, and window unit cooling are among the existing property features.
The 0.78-acre parcel includes a fenced backyard, a 2.5-car garage with loft storage, and a 6x10 addition at the rear of the garage. The property backs up to Kelly Park and is located within Bently schools. Well water, forced-air heating, central air, and window unit cooling are among the existing property features.
Key Highlights
- Triplex with 2,800 square feet across three units
- Two one‑bedroom apartments are currently rented
- Separate meters, electrical boxes, and furnaces for all 3 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,050
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,000
$481.0K
Cap Rate 7%
$343,571
$343.6K
Cap Rate 9%
$267,222
$267.2K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$36.3K $12.96/SF
− Vacancy
−$1.9K −$0.69/SF
EGI
$34.4K $12.27/SF
− OpEx
−$10.3K −$3.68/SF
NOI
$24.1K $8.59/SF
Area
Genesee County, MI
Vacancy
5.32%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,000
Cap Rate 7%
$343,571
Cap Rate 9%
$267,222
Alternative Uses
Best Use
Multifamily LT 5
$343.6K
$300.6K – $400.8K
NOI $24,050 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$306.5K
$268.2K – $357.6K
NOI $21,457 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$589.2K
$515.6K – $687.4K
NOI $41,244 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 48509, MI
9,568
Population
4,166
Households
2.3
Avg Household Size
44
Median Age
16%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
1,087
Density / Sq Mi
$64,385
Median Household Income
$35,417
Median Earnings
$1,061
Median Rent
$127,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered units include a primary residence and two rented one-bedroom apartments.
Where is this triplex located?
The property is located at 4355 LAPEER Road Burton, MI.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Triplex with 2,800 square feet across three units; Two one‑bedroom apartments are currently rented; Separate meters, electrical boxes, and furnaces for all 3 units
