Side-by-Side
For Sale
$385,000
Pending
4364 Wyatt Road, Traverse City, MI 49684
Two matching residences provide three bedrooms, one bath, and washer/dryer hookups in each unit.
Property Size1,728 SF
Days on Market57
Property Features for 4364 Wyatt Road
General Information
Standard status
Pending
Size
1,728 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
in-unit washer/dryer hookups
Building Details
Building Size
1,728 SF
Year Built
1972
Listing Agency:
REMAX Bayshore - West Shore Dr TC
Listed By:
Jen Warren
(231) 941-5600
Source:
Themittengroup
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 28 at 1:53PM
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 REMAX Bayshore - West Shore Dr TC
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two matching residences, each with 3 bedrooms, 1 bath, and 877 square feet. Both units include a living room, eat-in kitchen, and in-unit washer/dryer hookups. The property is currently occupied and has an established rental history.
Located at 4364 Wyatt Rd in Traverse City, the duplex is within Traverse City Area Public Schools and minutes from downtown Traverse City, shopping, and the broader Grand Traverse region. The property is situated in the Hearthside Acres neighborhood of Garfield Township.
Located at 4364 Wyatt Rd in Traverse City, the duplex is within Traverse City Area Public Schools and minutes from downtown Traverse City, shopping, and the broader Grand Traverse region. The property is situated in the Hearthside Acres neighborhood of Garfield Township.
Key Highlights
- Two‑unit side‑by‑side duplex
- Each unit includes 3 bedrooms, 1 bath, and 877 square feet
- Living room and eat‑in kitchen in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,714
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,280
$374.3K
Cap Rate 7%
$267,343
$267.3K
Cap Rate 9%
$207,933
$207.9K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$28.0K $16.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$26.7K $15.47/SF
− OpEx
−$8.0K −$4.64/SF
NOI
$18.7K $10.83/SF
Area
Grand Traverse County, MI
Vacancy
4.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,280
Cap Rate 7%
$267,343
Cap Rate 9%
$207,933
Alternative Uses
Best Use
Multifamily LT 5
$267.3K
$233.9K – $311.9K
NOI $18,714 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$234.6K
$205.3K – $273.7K
NOI $16,423 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$375.4K
$328.5K – $438.0K
NOI $26,277 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
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Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences provide three bedrooms, one bath, and washer/dryer hookups in each unit.
Where is this duplex located?
The property is located at 4364 Wyatt Road Traverse City, MI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex; Each unit includes 3 bedrooms, 1 bath, and 877 square feet; Living room and eat‑in kitchen in each residence
