Two-Unit Duplex with Lake
639 Heights Road, Orion Twp, MI 48362
For Sale
$185,000
Multifamily, 1 Story, Orion Twp, MI
Property Size1,300 SF
Lot Size0.23 Acres
Price / SF$142.31
Days on Market140
Property Features for 639 Heights Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Water front features
Amenities
lake privileges
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Listing Agency:
Liberty Way Realty
(248) 845-2669
Listed By:
James Gillen · License #6501345538
(248) 935-2309
Added: Jun 23
Changed: Oct 24
Last Checked: Nov 9 at 5:06AM
MLS# 20261047582
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with two bedrooms and one bathroom. The building totals 1,300 square feet on a 0.23-acre parcel and dates to 1925. It has a slab foundation, forced-air heating, an asphalt roof, and well water. Significant repairs and updates are needed throughout.
Residents have access privileges to Lake Orion. The property is zoned Multi-Family.
Residents have access privileges to Lake Orion. The property is zoned Multi-Family.
Key Highlights
- Two side‑by‑side residences, each with 2 bedrooms and 1 bathroom
- 1,300 square feet on a 0.23‑acre parcel
- Community privileges at Lake Orion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,946
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,920
$318.9K
Cap Rate 7%
$227,800
$227.8K
Cap Rate 9%
$177,178
$177.2K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$30.3K $23.28/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$29.0K $22.30/SF
− OpEx
−$13.0K −$10.04/SF
NOI
$15.9K $12.27/SF
Area
Oakland County, MI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,920
Cap Rate 7%
$227,800
Cap Rate 9%
$177,178
Alternative Uses
Best Use
Multifamily LT 5
$245.8K
$215.1K – $286.8K
NOI $17,207 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$227.8K
$199.3K – $265.8K
NOI $15,946 @ 7.0% cap · market cap 8.62%
Theoretical Best
Specialty Retail
$280.4K
$245.4K – $327.1K
NOI $19,628 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
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Business Placement
Demographics for 48362, MI
15,001
Population
6,428
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$108,667
Median Household Income
$51,826
Median Earnings
$1,095
Median Rent
$313,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oakland County, MI
Properties on Market for Duplexes in Oakland County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence contains two bedrooms and one bathroom, with community privileges at Lake Orion.
Where is this duplex located?
The property is located at 639 Heights Road Orion Twp, MI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 2 bedrooms and 1 bathroom; 1,300 square feet on a 0.23‑acre parcel; Community privileges at Lake Orion
