Multi-Family Estate with River
494 W Barnes Lake Road Columbiaville, MI 48421
494 W Barnes Lake Road, Columbiaville, MI, 48421
$335,000
For Sale
$335,000
MULTI_FAMILY - Ranch - Columbiaville, MI
Property Size2,200 SF
Lot Size10.00 Acres
Price / SF$152.27
Days on Market127
Property Features for 494 W Barnes Lake Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2
- Exterior features
- Fenced Yard, Garden Area
- Fencing
- Fenced
- Appliances
- Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Standard status
- Active
- APN
- 006-018-013-00
- Size
- 2,200 SF
- Lot size
- 10.00 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2262
Utilities
- Heating system
- Forced Air
- Water source
- Private
- Water front
- 1
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Architectural style
- Ranch
Listing agency
REMAX Edge
(810) 653-5020
Listed by
Stephanie Leland · License #122909
(810) 656-4984
Added: Mar 18 Updated: Jul 9 at 12:41PM Checked: Jul 22 at 11:06AM
MLS# 50202243
Copyright © 2026 Multiple Listing Service MiRealSource. 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 10-acre estate includes two separate homes and a 24-by-40 pole barn. The primary residence offers three bedrooms, a large open-concept living area, and a primary suite with ample closet space and custom bathroom built-ins. Interior details include custom metal and woodwork, along with fresh paint and modern vinyl plank flooring. The outdoor setting features wooded trails, a serene cedar swamp, and direct frontage on the Flint River, plus separate fenced-in areas designed for gardening and pets, including a convenient pet door.
Located at 494 W Barnes Lake Road in Columbiaville, Michigan, the property is within the North Branch School District and approximately 50 feet from the pavement, providing easy access while maintaining a private, rural feel. Natural gas is available on-site, supporting year-round comfort and usability.
Set up for multiple living scenarios, the estate can suit multi-generational households, a dedicated guest house arrangement, or potential rental use with two separate homes on the same parcel. The combination of indoor updates, fenced outdoor areas, and riverfront land makes it a practical fit for tenants or owner-occupants seeking space to live, host, and maintain day-to-day flexibility. Shown by appointment.
Located at 494 W Barnes Lake Road in Columbiaville, Michigan, the property is within the North Branch School District and approximately 50 feet from the pavement, providing easy access while maintaining a private, rural feel. Natural gas is available on-site, supporting year-round comfort and usability.
Set up for multiple living scenarios, the estate can suit multi-generational households, a dedicated guest house arrangement, or potential rental use with two separate homes on the same parcel. The combination of indoor updates, fenced outdoor areas, and riverfront land makes it a practical fit for tenants or owner-occupants seeking space to live, host, and maintain day-to-day flexibility. Shown by appointment.
Key Highlights
- 10‑acre estate with direct frontage on the Flint River and private wooded trails
- Two separate homes plus a 24 x 40 pole barn on the property
- North Branch School District; about 50 feet from the pavement
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $16.86 |
| − Vacancy | −$742 | −$0.34 |
| EGI | $36.4k | $16.52 |
| − OpEx | −$16.4k | −$7.44 |
| NOI | $20.0k | $9.09 |
2,200 SF · lease $16.86/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,993 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$360.3K
$315.2K – $420.3K
NOI $25,219 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Two homes on 10 acres with Flint River frontage and a 24-by-40 pole barn.
Where is this single family property located?
The property is located at 494 W Barnes Lake Road Columbiaville, MI.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 10‑acre estate with direct frontage on the Flint River and private wooded trails; Two separate homes plus a 24 x 40 pole barn on the property; North Branch School District; about 50 feet from the pavement
