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Two-Unit Duplex with Laundry
New
For Sale
$153,450

633 N Water St, Owosso, MI 48867

Residential income property with separate living units and ongoing improvements.

Property Size2,050 SF
Price / SF$74.85
Days on Market2

Property Features for 633 N Water St

General Information

Standard status Active
Size 2,050 SF
Property subtype Investment

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,954

Amenities

in-unit washer/dryer

Building Details

Building Size 2,050 SF
Year Built 1890
Units 2
Listing Agency: RE/MAX OF OWOSSO
Listed By: Kim Omer · License #6501141258
Source: Elliman
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 21 at 7:19AM

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 RE/MAX OF OWOSSO

Investment Insights

Based on property information with market context.

This duplex contains 2,050 square feet arranged as two independent residential units. The property includes a total of 3 bedrooms and 2 full bathrooms, with an in-unit washer and dryer serving the lower residence. Improvements are currently underway, providing a property that combines existing rental functionality with active enhancement work.

Built in 1890, the duplex is located at 633 N Water St in Owosso, Michigan. Walk Score is 52, described as Somewhat Walkable, while Bike Score is 47, described as Somewhat Bikeable. The two-unit configuration supports continued residential rental use and may also accommodate an owner-occupant arrangement.

Key Highlights

  • 2,050‑square‑foot duplex with two separate residential units
  • 3 bedrooms and 2 full bathrooms
  • Lower unit includes an in‑unit washer and dryer

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Food Market (Bike/Boat/Book/etc) Store Furniture & Home Goods Big Box & Wholesale Store Cosmetic Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,022
Businesses Nearby

Demographics for 48867, MI

27,596
Population
12,660
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
136.0 sq mi
ZIP Area
203
Density / Sq Mi
$58,718
Median Household Income
$37,908
Median Earnings
$834
Median Rent
$145,600
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?
Duplex - Residential income property with separate living units and ongoing improvements.
Where is this duplex located?
The property is located at 633 N Water St Owosso, MI.
What is the asking price?
The asking price for this property is $153,450.
What are key features of this property?
This property features: 2,050‑square‑foot duplex with two separate residential units; 3 bedrooms and 2 full bathrooms; Lower unit includes an in‑unit washer and dryer
More about this property
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