Duplex with Finished
For Sale
$249,900
4730/4732 4732 Holt Rd, Holt, MI 48842
Two-bedroom duplex with a finished basement and the potential for rental income from one side.
Property Size1,044 SF
Price / SF$239.37
Days on Market20
Property Features for 4730/4732 4732 Holt Rd
General Information
Standard status
Active
Size
1,044 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
Coldwell Banker Professionals-Delta
(517) 321-1000
Listed By:
J. Jeff Watson · License #6501271351
(517) 202-9976
Source:
Exprealty
Added: Aug 20
Changed: Sep 5
Last Checked: Sep 8 at 8:43AM
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 Coldwell Banker Professionals-Delta
Investment Insights
Based on property information with market context.
This duplex at 4730/4732 Holt Rd includes 2 large bedrooms, 1.5 baths, and a finished basement. The layout supports owner occupancy in one side while the other side generates rental income.
The property is located in Holt, MI, approximately 1/2 mile west of Holt Plaza. Property size is listed as 1044.
The property is located in Holt, MI, approximately 1/2 mile west of Holt Plaza. Property size is listed as 1044.
Key Highlights
- Duplex at 4730/4732 Holt Rd, Holt, MI 48842
- 2 large bedrooms and 1.5 baths
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$189,260
$189.3K
Cap Rate 7%
$135,186
$135.2K
Cap Rate 9%
$105,144
$105.1K
Market Conditions
NOI Build-Up for 1,044 SF
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.
Gross rent
$14.4K $13.80/SF
− Vacancy
−$889 −$0.85/SF
EGI
$13.5K $12.95/SF
− OpEx
−$4.1K −$3.88/SF
NOI
$9.5K $9.06/SF
Area
Ingham County, MI
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$189,260
Cap Rate 7%
$135,186
Cap Rate 9%
$105,144
Alternative Uses
Best Use
Multifamily LT 5
$135.2K
$118.3K – $157.7K
NOI $9,463 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$121.5K
$106.3K – $141.7K
NOI $8,504 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$167.7K
$146.8K – $195.7K
NOI $11,741 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 48842, MI
21,548
Population
9,573
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,830
Median Household Income
$50,275
Median Earnings
$1,245
Median Rent
$211,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom duplex with a finished basement and the potential for rental income from one side.
Where is this duplex located?
The property is located at 4730/4732 4732 Holt Rd Holt, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex at 4730/4732 Holt Rd, Holt, MI 48842; 2 large bedrooms and 1.5 baths; Finished basement
