Duplex with Finished Basement Living
901/3 NW Mccarty St City Of, Walker, MI 49544
For Sale
$425,000
Cul-de-sac duplex in the Kenowa Hills School District with patios, garage access, and finished basement living areas.
Property Size1,944 SF
Price / SF$218.62
Days on Market55
Property Features for 901/3 NW Mccarty St City Of
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
patio
garage access
finished basement
Building Details
Year Built
Listing Agency:
Reo-Tcrandolph-233022
(231) 946-4040
Listed By:
In Network Real Estate Group
(248) 655-7955
Source:
Innetworkrealestate
Added: Sep 13
Changed: Nov 6
Last Checked: Sep 20 at 8:14AM
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 Reo-Tcrandolph-233022
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980, this duplex at 901/3 Mccarty St NW includes two residential units, each with 2 bedrooms and 1.5 baths. Both units offer a private patio, garage access, and finished basement living space, providing additional room within each layout.
The property is located on a cul-de-sac in the Kenowa Hills School District. One unit is currently occupied and generating rental income, while the two-unit configuration supports an owner-occupant arrangement or continued use as a multifamily rental property.
The property is located on a cul-de-sac in the Kenowa Hills School District. One unit is currently occupied and generating rental income, while the two-unit configuration supports an owner-occupant arrangement or continued use as a multifamily rental property.
Key Highlights
- Two‑unit duplex built in 1980
- Each unit includes 2 bedrooms and 1.5 baths
- Finished basement living space in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,181
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,620
$423.6K
Cap Rate 7%
$302,586
$302.6K
Cap Rate 9%
$235,344
$235.3K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$32.0K $16.44/SF
− Vacancy
−$1.7K −$0.87/SF
EGI
$30.3K $15.57/SF
− OpEx
−$9.1K −$4.67/SF
NOI
$21.2K $10.90/SF
Area
Kent County, MI
Vacancy
5.32%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,620
Cap Rate 7%
$302,586
Cap Rate 9%
$235,344
Alternative Uses
Best Use
Multifamily LT 5
$302.6K
$264.8K – $353.0K
NOI $21,181 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$347.7K
$304.2K – $405.7K
NOI $24,339 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 49544, MI
9,514
Population
4,195
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
19.9 sq mi
ZIP Area
478
Density / Sq Mi
$69,706
Median Household Income
$43,785
Median Earnings
$1,119
Median Rent
$247,500
Median Home Value
Market
Properties on Market for Duplexes in Kent County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Cul-de-sac duplex in the Kenowa Hills School District with patios, garage access, and finished basement living areas.
Where is this duplex located?
The property is located at 901/3 NW Mccarty St City Of Walker, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1980; Each unit includes 2 bedrooms and 1.5 baths; Finished basement living space in both units
