Triplex with Detached Three-Car
9798 Mcgregor Rd, Pinckney, MI 48169
For Sale
$399,900
Three separate residences offer private decks, individual laundry in one unit, and flexible owner-occupant or rental use.
Property Size2,328 SF
Lot Size1.50 Acres
Price / SF$171.78
Days on Market51
Property Features for 9798 Mcgregor Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
private decks
in-unit laundry
Building Details
Year Built
Listing Agency:
Century 21 White House Realty
(231) 972-7676
Listed By:
Beyond MI Realty
(989) 214-2240
Source:
Beyondmirealty
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 6:27AM
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 Century 21 White House Realty
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Investment Insights
Based on property information with market context.
This Pinckney triplex sits on 1.5 acres and includes three separate units: two 2-bedroom, 1-bath residences and one 1-bedroom, 1-bath residence. Each unit has a private deck, while 9798 McGregor also includes in-unit laundry, fresh paint, and newer flooring. The property offers flexibility for continued rental use, owner occupancy, or a potential single-family conversion, as described in the source information.
A detached three-car garage provides one garage space for each unit, with additional off-street parking on the property. Tenants pay all utilities, while the owner currently handles trash service, snow removal, and yard maintenance. The property uses Pinckney schools and mailing with Hamburg Township taxes, and is within walking distance of Pinckney Community Schools. The Portage Chain of Lakes and Pinckney Recreation Area are also identified as nearby recreational destinations. Showings require 48-hour notice and remain subject to tenant rights.
A detached three-car garage provides one garage space for each unit, with additional off-street parking on the property. Tenants pay all utilities, while the owner currently handles trash service, snow removal, and yard maintenance. The property uses Pinckney schools and mailing with Hamburg Township taxes, and is within walking distance of Pinckney Community Schools. The Portage Chain of Lakes and Pinckney Recreation Area are also identified as nearby recreational destinations. Showings require 48-hour notice and remain subject to tenant rights.
Key Highlights
- 1.5‑acre property with three separate residential units
- Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Private deck provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,207
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,140
$424.1K
Cap Rate 7%
$302,957
$303.0K
Cap Rate 9%
$235,633
$235.6K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$32.1K $13.80/SF
− Vacancy
−$1.8K −$0.79/SF
EGI
$30.3K $13.01/SF
− OpEx
−$9.1K −$3.90/SF
NOI
$21.2K $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 Rate 5%
$424,140
Cap Rate 7%
$302,957
Cap Rate 9%
$235,633
Alternative Uses
Best Use
Multifamily LT 5
$303.0K
$265.1K – $353.5K
NOI $21,207 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$278.5K
$243.7K – $325.0K
NOI $19,498 @ 7.0% cap · market cap 4.88%
Theoretical Best
Healthcare Medical
$370.8K
$324.5K – $432.6K
NOI $25,957 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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Business Placement
Demographics for 48169, MI
20,336
Population
9,045
Households
2.2
Avg Household Size
48
Median Age
39%
College-Educated
98%
High-School Grad
57.7 sq mi
ZIP Area
352
Density / Sq Mi
$108,886
Median Household Income
$58,988
Median Earnings
$1,365
Median Rent
$344,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer private decks, individual laundry in one unit, and flexible owner-occupant or rental use.
Where is this triplex located?
The property is located at 9798 Mcgregor Rd Pinckney, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1.5‑acre property with three separate residential units; Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Private deck provided for each unit
