Duplex Ranch with
For Sale
$169,900
913 Boston Ave, Waterford, MI 48328
Versatile ranch property with two kitchens, separate living arrangements, and a multi-dwelling rental permit.
Property Size748 SF
Price / SF$227.14
Days on Market48
Property Features for 913 Boston Ave
General Information
Standard status
Active
Size
748 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x studio
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Construction
ranch
Listing Agency:
Town Square Real Estate Group
(231) 730-1658
Listed By:
Beyond MI Realty
(989) 214-2240
Source:
Beyondmirealty
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 5 at 6:28PM
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 Town Square Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1950, this ranch-style duplex offers flexible residential configuration across two living areas. One unit includes a bedroom, bathroom, kitchen, and basement laundry area with a washer and dryer. The second unit is arranged as a studio with a combined living and sleeping area, kitchenette, and full bathroom. The property also includes multiple upgrades and a recently installed picket fence, while roof work is currently underway.
The property is located at 913 Boston Ave in Waterford Charter Township, Michigan, with walkable access to Arby's, Taco Bell, Lefties Restaurant, and a pharmacy. Walk Score is 66 and Bike Score is 38. A current multi-dwelling rental permit supports the property's existing two-unit configuration and flexible living arrangement.
The property is located at 913 Boston Ave in Waterford Charter Township, Michigan, with walkable access to Arby's, Taco Bell, Lefties Restaurant, and a pharmacy. Walk Score is 66 and Bike Score is 38. A current multi-dwelling rental permit supports the property's existing two-unit configuration and flexible living arrangement.
Key Highlights
- Duplex configuration with two kitchens and two separate living areas
- Unit 1 includes a basement with washer and dryer
- Unit 2 features a studio layout with kitchenette and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,901
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,020
$198.0K
Cap Rate 7%
$141,443
$141.4K
Cap Rate 9%
$110,011
$110.0K
Market Conditions
NOI Build-Up for 748 SF
Gross rent
$14.8K $19.80/SF
− Vacancy
−$666 −$0.89/SF
EGI
$14.1K $18.91/SF
− OpEx
−$4.2K −$5.67/SF
NOI
$9.9K $13.24/SF
Area
Oakland County, MI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,020
Cap Rate 7%
$141,443
Cap Rate 9%
$110,011
Alternative Uses
Best Use
Multifamily LT 5
$141.4K
$123.8K – $165.0K
NOI $9,901 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$131.1K
$114.7K – $152.9K
NOI $9,175 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$161.3K
$141.2K – $188.2K
NOI $11,294 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 48328, MI
24,178
Population
11,938
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
2,717
Density / Sq Mi
$69,788
Median Household Income
$42,084
Median Earnings
$1,041
Median Rent
$210,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Versatile ranch property with two kitchens, separate living arrangements, and a multi-dwelling rental permit.
Where is this duplex located?
The property is located at 913 Boston Ave Waterford, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Duplex configuration with two kitchens and two separate living areas; Unit 1 includes a basement with washer and dryer; Unit 2 features a studio layout with kitchenette and full bathroom
