Triplex with Garage and
For Sale
$299,900
4355 LAPEER Road, Burton, MI 48509
Multifamily, 2 Story, Burton, MI
Property Size2,800 SF
Lot Size0.78 Acres
Price / SF$107.11
Days on Market71
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 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bathroom 4, Basement, Bedroom 1, Bedroom 5, Bedroom 2
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
Active
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
Central Air, Window Unit(s)
Water source
Well
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: Oct 8
Last Checked: Oct 15 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 three-unit residential property combines a three-bedroom, two-bathroom main residence with two one-bedroom apartments. The main unit measures 1,400 square feet; the apartments measure 750 and 600 square feet. Each unit has its own meter, electrical box, and furnace. The property also includes a garage with a loft and a 6-by-10-foot storage addition. The main residence has a handicap-accessible bathroom, and the yard is fenced.
Set on 0.78 acres in Burton, the property is zoned Multi-Family, Residential. Its configuration supports occupancy of the main residence while the two apartments are leased, as described in the property information.
Set on 0.78 acres in Burton, the property is zoned Multi-Family, Residential. Its configuration supports occupancy of the main residence while the two apartments are leased, as described in the property information.
Key Highlights
- Three residential units: a 1,400‑square‑foot main home and apartments of 750 and 600 square feet
- Each residence has a separate meter, electrical box, and furnace
- Main home includes 3 bedrooms and 2 bathrooms, one handicap accessible
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,050
Cap Rate
8.02%
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 8.02%
Second Best
Apartment 5plus
$306.5K
$268.2K – $357.6K
NOI $21,457 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$589.2K
$515.6K – $687.4K
NOI $41,244 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
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
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?
Triplex - Three separately metered residences feature individual furnaces, with a fenced yard and garage storage.
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 $299,900.
What are key features of this property?
This property features: Three residential units: a 1,400‑square‑foot main home and apartments of 750 and 600 square feet; Each residence has a separate meter, electrical box, and furnace; Main home includes 3 bedrooms and 2 bathrooms, one handicap accessible
