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Three-Unit Ranch Property
For Sale
$179,000

5469 Parker Road, Fort Gratiot, MI 48059

MULTIFAMILY, Fort Gratiot, MI

Property Size1,880 SF
Lot Size0.34 Acres
Price / SF$95.21
Days on Market116

Property Features for 5469 Parker Road

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3
Fireplace 1
Subdivision 4050 Section (West)
Elementary school district Port Huron Area School District
Middle school district Port Huron Area School District
High school district Port Huron Area School District
Standard status Active
APN 74-20-008-2005-000
Size 1,880 SF
Lot size 0.34 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Annual Amount 2572

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1988
Floors in Building 1
Number of units 3
Architectural style Ranch
Listing Agency: KW Platinum Port Huron · Keller Williams Realty
Listed By: Brian Frey
Added: Jul 6 Changed: Oct 27 Last Checked: Oct 29 at 5:06AM
MLS# 50213902

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.

Rey
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Investment Insights

Based on property information with market context.

This 1,880-square-foot triplex, built in 1988, is arranged as a ranch-style residential income property with three units. Two units are occupied, while the third is vacant and available for the next owner’s use or lease-up. The property includes forced-air heating, a fireplace, and public water service.

Set on 0.34 acres at 5469 Parker Road in Fort Gratiot, the property is located one block from the water and near parks, shopping, and everyday amenities. The three-unit configuration supports either continued rental operation or a combination of owner occupancy and rental income.

Key Highlights

  • Three‑unit triplex with 1,880 square feet of property size
  • Two units occupied; one unit currently vacant
  • Built in 1988 with ranch‑style architecture

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby

Demographics for 48059, MI

15,319
Population
7,324
Households
2.1
Avg Household Size
47
Median Age
30%
College-Educated
94%
High-School Grad
31.7 sq mi
ZIP Area
483
Density / Sq Mi
$78,841
Median Household Income
$44,716
Median Earnings
$956
Median Rent
$199,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Ranch-style triplex with two occupied units and one vacant unit for owner occupancy or leasing flexibility.
Where is this triplex located?
The property is located at 5469 Parker Road Fort Gratiot, MI.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Three‑unit triplex with 1,880 square feet of property size; Two units occupied; one unit currently vacant; Built in 1988 with ranch‑style architecture
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