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10-Unit Apartment Building with Laundry
For Sale
$975,000

5645 E Grand River Avenue, Howell, MI 48843

MULTI_FAMILY - Howell, MI

Property SizeContact for details
Lot Size0.29 Acres
Days on Market199

Property Features for 5645 E Grand River Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Full bathrooms 10
Rooms Basement, Bathroom 10, Bedroom 7, Bedroom 4, Bathroom 6, Bedroom 6, Bathroom 4, Bathroom 5, Bathroom 1, Bathroom 8, Laundry Room, Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 7, Bathroom 2, Bedroom 3, Bathroom 9, Bedroom 1
Parking 15
Parking features Driveway
Basement Full
Lot features Corner Lot
Elementary school district Howell
Middle school district Howell
High school district Howell
Subdivision Livingston County - 40
Standard status Active
APN 11-10-301-046
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SEC. 10 T2N, R5E, GLEN ECHO LOTS 46 AND 47
Tax Annual Amount 7061
Legal Description SEC. 10 T2N, R5E, GLEN ECHO LOTS 46 AND 47

Utilities

Heating system Forced Air
Cooling system Central Air
Water front features Lake
Water front 1

Amenities

coin laundry

Building Details

Year built 1950
Number of units 10
Building materials Vinyl Siding, Wood Siding
Roof type Composition, Rubber
Listing Agency: United Realty Services
Listed By: Ryann Brier
Added: Jan 19 Changed: Aug 3 Last Checked: Aug 6 at 1:06PM
MLS# 26002193

Copyright © 2026 Michigan Regional Information Center, LLC. 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-unit apartment building in Howell occupies 0.29 acres and includes a coin-operated laundry room. Built in 1950, the property has received several significant system upgrades, including a brand-new roof in 2026, central air throughout the building, and a tankless water heater. Forced-air heating serves the property, while exterior construction includes vinyl and wood siding.

The asset is located at 5645 E Grand River Avenue in Howell, Michigan, with driveway parking and a lake waterfront feature identified in the property record. The tenant base includes four long-term Section 8 residents, and the property is reported to operate at an 11% cap rate. A 10-unit configuration, on-site laundry, and recent building improvements define the offering.

Key Highlights

  • 10‑unit apartment building on 0.29 acres
  • Brand‑new roof installed in 2026
  • New AC throughout the whole building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon Restaurant Electrical Service Law Firm (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

775
Businesses Nearby

Demographics for 48843, MI

47,704
Population
19,001
Households
2.5
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
89.6 sq mi
ZIP Area
532
Density / Sq Mi
$91,620
Median Household Income
$48,613
Median Earnings
$1,221
Median Rent
$323,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated multifamily property with central air, a tankless water heater, and on-site driveway parking.
Where is this apartment building located?
The property is located at 5645 E Grand River Avenue Howell, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 10‑unit apartment building on 0.29 acres; Brand‑new roof installed in 2026; New AC throughout the whole building
More about this property
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