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Two-Unit Duplex with In-Unit Laundry
For Sale
$148,750

633 N Water Street, Owosso, MI 48867

MULTIFAMILY, Owosso, MI

Property Size2,050 SF
Lot Size0.14 Acres
Price / SF$72.56
Days on Market43

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 2, Basement, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
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: Sep 24 Last Checked: Sep 26 at 3:06AM
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 2,050-square-foot duplex contains two separate residences, with a total of three bedrooms and two full bathrooms. The lower unit has its own washer and dryer. Range/ovens and refrigerators are also included, and forced-air heating serves the property. Built in 1890, the building sits on a 0.14-acre lot. Improvements are underway.

Key Highlights

  • Two separate units with 3 bedrooms and 2 full bathrooms
  • 2,050 square feet on a 0.14‑acre lot
  • Lower unit includes an in‑unit washer and dryer

Property Analytics

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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
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
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Frequently Asked Questions

What type of property is this?
Duplex - The lower residence has a washer and dryer, and the property includes range/ovens and refrigerators.
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 $148,750.
What are key features of this property?
This property features: Two separate units with 3 bedrooms and 2 full bathrooms; 2,050 square feet on a 0.14‑acre lot; Lower unit includes an in‑unit washer and dryer
More about this property
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