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    Updated Duplex with Screened Porch Title is generated by Realmo AI

    512 S Broad St, Holly, MI 48442

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    Claim this Listing
    New
    For Sale
    $235,000

    Two move-in-ready units offer in-unit laundry area, updated finishes, and a large screened-in porch for everyday comfort.

    Type:Investment
    Property size:
    1,292 SF
    Price / SF:
    $181/SF
    Added:
    Jun 3, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 5:53 am

    Property Features for 512 S Broad St

    General Information

    Standard status
    Active
    Size
    1,292 SF
    Property subtype
    Investment

    Building Details

    Year Built
    1880

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    Listing Contact
    Bethany Gormont

    Listing agent Bethany Gormont

    Listing office

    Listing date Jun 3, 2026

    Source Elliman

    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 Bethany Gormont

    HighLights

    • Duplex built in 1880 with 2 units: upper unit 508 SF (1 bed, 1 full bath) and ground unit 784 SF (2 bed, 1 full bath)
    • Both units feature fresh paint and updated flooring, including newly installed kitchen/living flooring in the upper unit and refinished hardwood flooring in bedrooms/living areas
    • Upper unit includes a dedicated in‑unit laundry area for added everyday convenience
    • Ground‑level unit has fresh paint throughout and new kitchen flooring, plus refinished hardwood flooring in the living room and both bedrooms
    • Large screened‑in porch for relaxing outdoors attached to the ground‑level living space
    • Each unit includes additional storage space

    Overview

    This updated duplex offers two separate residences with refreshed interiors and move-in-ready condition. The upper-level unit includes one bedroom and one full bathroom, with freshly painted walls, new flooring in the kitchen and living area, and refinished hardwood flooring in the bedroom. A dedicated area for in-unit laundry supports day-to-day convenience. The ground-level unit provides two bedrooms and one full bathroom, with fresh paint, refinished hardwood flooring in the living room and both bedrooms, and new flooring in the kitchen. Both units include additional storage space, helping support tenant or homeowner organization.

    Located on S Broad St in Holly, Michigan, the property presents a classic duplex setup with an abundance of windows bringing natural light into the living areas. The ground-level unit’s large screened-in porch extends usable outdoor living space for relaxing mornings or evenings.

    The layout can suit a range of buyers, including owner-occupants seeking rental income from a second unit, investors looking for a duplex with recent updates, or multi-generational households that prefer separate living spaces. With tasteful improvements throughout and practical features like in-unit laundry (upper unit) and dedicated storage for both units, the property is positioned for straightforward occupancy.

    Local Financial Insights For Multifamily LT 5

    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 $25.6k $19.80
    − Vacancy −$1.2k −$0.89
    EGI $24.4k $18.91
    − OpEx −$7.3k −$5.67
    NOI $17.1k $13.24
    1,292 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $244.3K
    $213.8K – $285.0K (±1% cap)
    NOI $17,101 @ 7.0% cap · market cap 7.28%
    Second Best
    Apartment 5plus
    $226.4K
    $198.1K – $264.1K (±1% cap)
    NOI $15,848 @ 7.0% cap · market cap 6.74%
    Theoretical Best
    Specialty Retail
    $278.7K
    $243.8K – $325.1K (±1% cap)
    NOI $19,507 @ 7.0% cap · market cap 8.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6266464
    Latitude
    42.7875556

    FAQs

    What type of property is this?
    Duplex - Two move-in-ready units offer in-unit laundry area, updated finishes, and a large screened-in porch for everyday comfort.
    Where is this duplex located?
    The property is located at 512 S Broad St Holly, MI.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Duplex built in 1880 with 2 units: upper unit 508 SF (1 bed, 1 full bath) and ground unit 784 SF (2 bed, 1 full bath); Both units feature fresh paint and updated flooring, including newly installed kitchen/living flooring in the upper unit and refinished hardwood flooring in bedrooms/living areas; Upper unit includes a dedicated in‑unit laundry area for added everyday convenience
    More about this property
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