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

633 N Water Street, Owosso, MI 48867

MULTIFAMILY, Owosso, MI

Property Size2,050 SF
Lot Size0.14 Acres
Price / SF$74.85
Days on Market6

Property Features for 633 N Water Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Basement
Appliances Range/Oven, Refrigerator
Elementary school district Owosso Public Schools
Middle school district Owosso Public Schools
High school district Owosso Public Schools
Subdivision Owosso (78018)
Standard status Active
APN 050-470-035-007-00
Size 2,050 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Annual Amount 3955

Utilities

Heating system Forced Air
Water source Public

Amenities

in-unit washer and dryer

Building Details

Year built 1890
Floors in Building 2
Number of units 2
Listing Agency: Re/Max of Owosso
Listed By: Kim Omer · License #6501141258
Added: Aug 15 Changed: Aug 19 Last Checked: Aug 20 at 9:06PM
MLS# 50218926

Copyright © 2026 Greater Shiawassee Regional Board of Realtors. 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 duplex contains 2,050 square feet across two separate units, with a combined layout identified as 3 bedrooms and 2 full bathrooms. The lower residence includes an in-unit washer and dryer. Range/oven and refrigerator appliances are included, while forced-air heating serves the property. A basement is also part of the building configuration.

Built in 1890, the property occupies 0.14 acres and uses public water. Current upgrades and improvements are underway, with work continuing while the property remains positioned for rental use or owner occupancy.

Key Highlights

  • 2,050‑square‑foot duplex with two separate units
  • Combined layout includes 3 bedrooms and 2 full bathrooms
  • Lower unit has 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 - Separate residences include a lower unit with in-unit laundry and shared access to essential household appliances.
Where is this duplex located?
The property is located at 633 N Water Street 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 units; Combined layout includes 3 bedrooms and 2 full bathrooms; Lower unit has an in‑unit washer and dryer
More about this property
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