Duplex Investment Property with New
For Sale
$489,900
4379 & 4381 Eagle Crest Dr, Williamsburg, MI 49690
Two mirror units with attached garages, both leased on one-year terms.
Property Size1,100 SF
Price / SF$222.68
Days on Market95
Property Features for 4379 & 4381 Eagle Crest Dr
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
2
Property subtype
Investment
Occupancy
100%
Building Details
Building Size
1,100 SF
Year Built
1990
Units
2
Tenancy
Multi
Listing Agency:
REO-TCRandolph-233022
Listed By:
Dewayne Kirkman
(231) 392-6534
Source:
Elliman
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 30 at 4:36PM
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 REO-TCRandolph-233022
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex offers two mirror units, each with three bedrooms and one bathroom. The property provides approximately 1,100 square feet per unit and includes attached one-car garages. Both units are currently occupied with one-year leases.
The home was built in 1990 and received a new roof in 2025. Tenant utilities are electric and gas, while owner expenses noted include plowing, trash, taxes, and general maintenance.
For showings, 48 hours’ notice is required between 10 am and 5 pm. The property is located at 4379 & 4381 Eagle Crest Dr, AcmeTownship_GrandTraverse, MI 49690.
The home was built in 1990 and received a new roof in 2025. Tenant utilities are electric and gas, while owner expenses noted include plowing, trash, taxes, and general maintenance.
For showings, 48 hours’ notice is required between 10 am and 5 pm. The property is located at 4379 & 4381 Eagle Crest Dr, AcmeTownship_GrandTraverse, MI 49690.
Key Highlights
- New roof installed in 2025
- Two mirror duplex units, both occupied with one‑year leases
- Each unit features three bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,825
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,500
$476.5K
Cap Rate 7%
$340,357
$340.4K
Cap Rate 9%
$264,722
$264.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$35.6K $16.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$34.0K $15.47/SF
− OpEx
−$10.2K −$4.64/SF
NOI
$23.8K $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%
$476,500
Cap Rate 7%
$340,357
Cap Rate 9%
$264,722
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.8K – $397.1K
NOI $23,825 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,909 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$477.9K
$418.2K – $557.6K
NOI $33,454 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 49690, MI
6,494
Population
3,476
Households
1.9
Avg Household Size
50
Median Age
45%
College-Educated
97%
High-School Grad
82.7 sq mi
ZIP Area
79
Density / Sq Mi
$105,701
Median Household Income
$47,114
Median Earnings
$1,279
Median Rent
$329,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirror units with attached garages, both leased on one-year terms.
Where is this duplex located?
The property is located at 4379 & 4381 Eagle Crest Dr Williamsburg, MI.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: New roof installed in 2025; Two mirror duplex units, both occupied with one‑year leases; Each unit features three bedrooms and one bathroom
