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6-Unit Apartment Building
For Sale
$250,000

74 Newberry St, Pontiac, MI 48341

Six-unit apartment building with four vacant units and a mix of one-bedroom, two-bedroom, and studio layouts.

Property Size2,775 SF
Price / SF$90.09
Days on Market19

Property Features for 74 Newberry St

General Information

Standard status Active
Size 2,775 SF
Property subtype Multi-Family

Units

Unit Mix 4 x 1BR, 1 x 2BR, 1 x studio
Multifamily Units 6

Building Details

Year Built 1950
Listing Agency: Blue Lakes Real Estate Group Tc LLC
Listed By: NextHome Evolution
Source: Nhevolutionmi
Added: Sep 2 Changed: Sep 19 Last Checked: Sep 20 at 8:37AM

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 Blue Lakes Real Estate Group Tc LLC

Investment Insights

Based on property information with market context.

The property at 74 Newberry St in Pontiac, MI, is a six-unit apartment building totaling 2,775 square feet. Unit composition includes four one-bedroom apartments, one two-bedroom apartment, and one studio. Two units are currently occupied, while four are vacant, providing a mix of existing occupancy and available units within the building.

Constructed in 1950, the property offers a compact multifamily configuration with varied unit sizes and layouts. The address is located in Pontiac, Michigan, with the property identified by ZIP code 48341.

Key Highlights

  • Six‑unit apartment building totaling 2,775 square feet
  • Unit mix includes 4 one‑bedroom units, 1 two‑bedroom unit, and 1 studio
  • Current occupancy includes 2 occupied units and 4 vacant units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Bakery HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

611
Businesses Nearby

Demographics for 48341, MI

16,980
Population
8,601
Households
2
Avg Household Size
38
Median Age
24%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
2,534
Density / Sq Mi
$46,185
Median Household Income
$34,200
Median Earnings
$917
Median Rent
$124,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - Six-unit apartment building with four vacant units and a mix of one-bedroom, two-bedroom, and studio layouts.
Where is this apartment building located?
The property is located at 74 Newberry St Pontiac, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Six‑unit apartment building totaling 2,775 square feet; Unit mix includes 4 one‑bedroom units, 1 two‑bedroom unit, and 1 studio; Current occupancy includes 2 occupied units and 4 vacant units
More about this property
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