Brick Quadplex with
New
For Sale
$700,000
725 Clark Street, Brighton, MI 48116
Multifamily, 2 Story, Brighton, MI
Property Size3,700 SF
Lot Size0.46 Acres
Price / SF$189.19
Days on Market2
Property Features for 725 Clark Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family,Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bedroom 8, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Interior features
Laundry Facility
Subdivision
James B Lees Add
Elementary school district
Brighton
Middle school district
Brighton
High school district
Brighton
Directions
Grand River Ave E. of Main on left side of street.
Standard status
Active
APN
1831207014
Size
3,700 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
T2N, R6E, SEC 31 JAMES B LEE'S ADDITIONAL PLAT OF THE VILLAGE (NOW CITY) OF BRIGHTON LOTS 55, 60 & 61 AND THE SLY 31.70 FT OF LOTS 56 & 59 AND THE SLY 1/2 OF LOT 62 EXC THEREFROM ALL THAT PT DESC AS FOLLOWS: BEG SW COR OF SAID LOT 61, TH N3*E ALG WLY LINE OF SAID LOTS 61 & 62 77.33 FT, TH N83*52'E 102 FT, TH S11*30'W 125.42 FT, TH N66*37'W 87.7 FT TO POB; ALSO EXC ALL THAT PT OF LOTS 56 59, 60 & 62 INCL IN THE FOLLOWING DESCRIBED PARCEL: BEG AT A PT ON THE WLY LINE OF SAID LOT 62 AND DISTANT N3*E 67.33 FT FROM THE SW COR OF SAID LOT 61, TH N3*E 10 FT, TH N83*52'E 132 FT, TH N3*E 28.86 FT, TH S66*37'E 76.55 FT, TH S83*52'W 203.9 FT TO POB CORR AND REWRITTEN FOR CLARITY 9-4-08 SPLIT 4/86 FROM 038, TAX CODE CORR FR 201-080 3/95
Tax Annual Amount
17169
Legal Description
T2N, R6E, SEC 31 JAMES B LEE'S ADDITIONAL PLAT OF THE VILLAGE (NOW CITY) OF BRIGHTON LOTS 55, 60 & 61 AND THE SLY 31.70 FT OF LOTS 56 & 59 AND THE SLY 1/2 OF LOT 62 EXC THEREFROM ALL THAT PT DESC AS FOLLOWS: BEG SW COR OF SAID LOT 61, TH N3*E ALG WLY LINE OF SAID LOTS 61 & 62 77.33 FT, TH N83*52'E 102 FT, TH S11*30'W 125.42 FT, TH N66*37'W 87.7 FT TO POB; ALSO EXC ALL THAT PT OF LOTS 56 59, 60 & 62 INCL IN THE FOLLOWING DESCRIBED PARCEL: BEG AT A PT ON THE WLY LINE OF SAID LOT 62 AND DISTANT N3*E 67.33 FT FROM THE SW COR OF SAID LOT 61, TH N3*E 10 FT, TH N83*52'E 132 FT, TH N3*E 28.86 FT, TH S66*37'E 76.55 FT, TH S83*52'W 203.9 FT TO POB CORR AND REWRITTEN FOR CLARITY 9-4-08 SPLIT 4/86 FROM 038, TAX CODE CORR FR 201-080 3/95
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
on-site laundry
air conditioning
Building Details
Year built
1972
Floors in Building
2
Number of units
4
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
The Buckley Jolley R E Team
Listed By:
Simon Posselt
(810) 229-7000
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 8:06AM
MLS# 20261073573
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.
Investment Insights
Based on property information with market context.
This 3,700-square-foot quadplex contains four occupied residences, each configured with 2 bedrooms and 1 full bathroom. The units have been recently remodeled and include essential appliances and central air. Built in 1972, the property features an all-brick exterior, forced-air heating, an asphalt roof, and a basement laundry facility shared by residents.
The property occupies a 0.46-acre wooded lot in Brighton, Michigan, with public water service and Multi-Family, Residential zoning. The main sewer line has been replaced, while driveway completion remains pending. Current occupancy across all four units provides an established rental arrangement, with unit access for inspections available after an accepted offer.
The property occupies a 0.46-acre wooded lot in Brighton, Michigan, with public water service and Multi-Family, Residential zoning. The main sewer line has been replaced, while driveway completion remains pending. Current occupancy across all four units provides an established rental arrangement, with unit access for inspections available after an accepted offer.
Key Highlights
- Four‑unit quadplex with all units currently occupied
- Each residence offers 2 bedrooms and 1 full bathroom
- 3,700 square feet on a 0.46‑acre wooded lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,705
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$674,100
$674.1K
Cap Rate 7%
$481,500
$481.5K
Cap Rate 9%
$374,500
$374.5K
Market Conditions
NOI Build-Up for 3,700 SF
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.
Gross rent
$51.1K $13.80/SF
− Vacancy
−$2.9K −$0.79/SF
EGI
$48.1K $13.01/SF
− OpEx
−$14.4K −$3.90/SF
NOI
$33.7K $9.11/SF
Area
Livingston County, MI
Vacancy
5.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$674,100
Cap Rate 7%
$481,500
Cap Rate 9%
$374,500
Alternative Uses
Best Use
Multifamily LT 5
$481.5K
$421.3K – $561.8K
NOI $33,705 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$442.7K
$387.4K – $516.5K
NOI $30,989 @ 7.0% cap · market cap 4.43%
Theoretical Best
Healthcare Medical
$589.4K
$515.7K – $687.6K
NOI $41,255 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 48116, MI
26,942
Population
12,230
Households
2.2
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
36.9 sq mi
ZIP Area
730
Density / Sq Mi
$109,606
Median Household Income
$59,173
Median Earnings
$1,229
Median Rent
$355,800
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased four-unit property with remodeled residences, central air, basement laundry, and a wooded setting.
Where is this quadplex located?
The property is located at 725 Clark Street Brighton, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units currently occupied; Each residence offers 2 bedrooms and 1 full bathroom; 3,700 square feet on a 0.46‑acre wooded lot
