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    Income-Producing Triplex on Large Lot Title is generated by Realmo AI

    4987 E M 36, Hamburg Twp, MI 48169

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    Claim this Listing
    New
    For Sale
    $450,000

    MULTI_FAMILY - Ranch - Hamburg Twp, MI

    Type:Single Family Residence
    Property size:
    1,200 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $375/SF
    Added:
    May 8, 2026
    Days on Market:
    2
    Last Refresh:
    May 9 at 1:06 am

    Property Features for 4987 E M 36

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    Multi-Family
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 5
    Pets allowed
    Yes
    Interior features
    Cable Available, Circuit Breakers
    Standard status
    Active
    APN
    1521200045
    Size
    1,200 SF
    Lot size
    1.50 Acres

    Taxes and HOA fees

    Tax Description
    SEC 21 T1N R5E COM E 1/4 COR OF SEC TH N 01*56'E 252.90 FT FOR POB TH N 78*38'W ALG N LN M36 HWY 200 FT TH N 11*22'E 261.68 FT TO PT B TH CONT N 11*22'E 38 FT TO EDGE OF MARSH TH NELY NWLY & SELY ALONG EDGE OF SD MARSH 340 FT TO PT TH S 01*56'W ALG E LN SD SEC 6 FT TO PT C SD PT LIES N 59*51'E 111.32 FT & N 52*13' E 78.23 FT ALG TRAV LN FROM SD PT B TH S 01*56'W ALG SD E LN 400 FT TO POB 1.5 AC SPLIT FROM 005 12-28-83
    Tax Annual Amount
    3823

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s)
    Water source
    Well

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    3
    Building materials
    Vinyl
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Nick Coppola

    Listing agent Nick Coppola

    Listing office EXP Realty Main 39555 Orchard Hill Place Ste 600, Royal Oak, MI

    Listing date May 8, 2026

    MLS# 20261032287 Listing URL

    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.

    HighLights

    • Income‑producing triplex with immediate upside potential through rent increases.
    • Large 1.5‑acre lot with 212 feet of road frontage and possible expansion opportunities (subject to approval).
    • Value‑add opportunity with a vacant unit and garage, ready for renovation and rental.
    • Tenants pay for gas, electric, cable, and internet, reducing owner expenses.
    • Includes landlord‑owned appliances (stoves and refrigerators) in all units.
    • Convenient location near Brighton, Howell, Dexter, and Ann Arbor, offering access to amenities and major highways.

    Overview

    This income-producing 3-unit multi-family triplex is positioned on 1.50 acres with 212 feet of road frontage. It offers an opportunity for investors seeking immediate upside potential and long-term growth, with possible expansion opportunities available subject to approval. The property has been consistently occupied by long-term tenants, with current rents significantly below market value, creating an excellent value-add opportunity for increased cash flow. The building features two spacious two-bedroom units and one one-bedroom unit. Tenants currently pay for gas, electric, cable, and internet, while the owner maintains the water softener system. A new owner may choose to bill tenants for water usage to further improve net operating income. All units include landlord-owned appliances, including stoves and refrigerators. The basement offers additional income potential with space to install coin-operated laundry facilities. Current occupancy includes two month-to-month leased units, while Unit 3 (Basement) is vacant and ready for updates, allowing an investor to renovate and lease at current market rates. The attached 2-car garage is also vacant and could provide additional rental income opportunities. Located just minutes from Brighton, Howell, Dexter, and Ann Arbor, residents enjoy convenient access to shopping, dining, recreation, and major highways while still experiencing the charm and appeal of the Pinckney area. The property is located in Hamburg Twp, MI. The property size is 1200 Square Feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Pharmacy Auto Parts Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg Twp
    County
    Livingston
    State
    Michigan
    Longitude
    -83.848376
    Latitude
    42.464286

    FAQs

    What type of property is this?
    Triplex - Multi-family triplex on 1.5 acres near Brighton, Howell.
    Where is this triplex located?
    The property is located at 4987 E M 36 Hamburg Twp, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Income‑producing triplex with immediate upside potential through rent increases.; Large 1.5‑acre lot with 212 feet of road frontage and possible expansion opportunities (subject to approval).; Value‑add opportunity with a vacant unit and garage, ready for renovation and rental.
    (888) 501-7085
    We can help!
    Listing Contact
    Nick Coppola
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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