Updated Niles Duplex For
527 Howard Street Niles, MI 49120
527 Howard Street, Niles, MI, 49120
$159,000
For Sale
$159,000
Vacant duplex with separate living spaces and recently updated improvements, including a newly installed roof.
Property Size644 SF
Price / SF$246.89
Days on Market111
Property Features for 527 Howard Street
General Information
- Standard status
- Active
- Size
- 644 SF
- Property subtype
- Multi Family / 2 to 4 Units
Building Details
- Year Built
- 1926
Listing agency
Ellsbury Group
(260) 615-9248
Listed by
Lane Moser · License #6501433695
(260) 615-9248
Source
Compass
Added: Apr 2 Updated: Jul 20 at 11:34PM Checked: Jul 20 at 11:34PM
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 Ellsbury Group
Investment Insights
Based on property information with market context.
This updated duplex offers two separate living spaces within one income property. The roof has been newly installed, and the property has undergone other recent updates designed to support immediate occupancy or leasing.
The duplex is located in Niles in an accessible area with steady rental demand, supporting its use as an income-producing property for either an investor or an owner-occupant.
With the property currently vacant, a new owner has flexibility to lease both units, set rents, or move in right away.
The duplex is located in Niles in an accessible area with steady rental demand, supporting its use as an income-producing property for either an investor or an owner-occupant.
With the property currently vacant, a new owner has flexibility to lease both units, set rents, or move in right away.
Key Highlights
- Vacant duplex in Niles with separate living space in each unit
- Newly installed roof among recent updates
- Year built: 1926
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 | $8.9k | $13.80 |
| − Vacancy | −$473 | −$0.73 |
| EGI | $8.4k | $13.07 |
| − OpEx | −$2.5k | −$3.92 |
| NOI | $5.9k | $9.15 |
644 SF · lease $13.80/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$84.1K
$73.6K – $98.2K
NOI $5,890 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$75.1K
$65.7K – $87.6K
NOI $5,256 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$135.5K
$118.6K – $158.1K
NOI $9,486 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Vacant duplex with separate living spaces and recently updated improvements, including a newly installed roof.
Where is this duplex located?
The property is located at 527 Howard Street Niles, MI.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Vacant duplex in Niles with separate living space in each unit; Newly installed roof among recent updates; Year built: 1926
