661 - 663 Coleman St SE, Cutlerville, MI 49548
Well-maintained duplex with two matching 3-bedroom units and recent roof and mechanical upgrades.
- Added:
- Jun 23, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 24 at 2:23 am
Property Features for 661 - 663 Coleman St SE
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1977
Listing office MOXIE Real Estate + Development (616) 706-6086
Listing date Jun 23, 2026
Source Elliman
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 MOXIE Real Estate + Development
HighLights
- 1977‑built side‑by‑side duplex in Byron Center School District
- Two matching units, each with 3 bedrooms, 1 bathroom, and approximately 1,300 SF of finished living space
- Major updates completed: newer furnaces, newer water heaters, and a new roof installed July 2025
- Backyard includes a tranquil stream, with ample storage offered in both units
- Can be purchased with 701/703 Coleman St. SE, located three parcels down the street
Overview
The home is positioned on a quiet, low-traffic street with single-family homes nearby. The backyard includes a tranquil stream, adding an outdoor element that can be enjoyed from the property.
For buyers, the layout supports a consistent tenant or owner-occupant scenario given both units share the same bed/bath configuration. Recent updates to core systems can help reduce near-term capital planning, while the property’s side-by-side design can simplify upkeep and operation compared with more complex multi-unit configurations. The listing notes the duplex can also be purchased together with 701/703 Coleman St SE, located three parcels away.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $16.20 |
| − Vacancy | −$2.7k | −$1.05 |
| EGI | $39.4k | $15.15 |
| − OpEx | −$11.8k | −$4.54 |
| NOI | $27.6k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cutlerville
- County
- Kent
- State
- Michigan
- Longitude
- -85.6480063
- Latitude
- 42.8305406
