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Portage 49002
2209 Clarence Drive
$145,000
● House - Off Market

2209 Clarence Drive

Portage, MI 49002
bedrooms
2 Beds
bathrooms
1 Bath
square feet
986 Ft²
$1,153
Est. Monthly
6.05%
Cap Rate

About This Property

Well maintained 2 bed/1 Full Bath Portage home with views of both West Lake and Austin Lake! Your home has main floor laundry, mud room, connected garage and Fenced backyard to let the dog out or have a campfire! The home is cute and updated with large full bath! Lakes, restaurants, parks, and shopping are all walkable and ready for you to enjoy! Back on market due to buyer's financing--the buyer had already successfully completed home inspection.
Unit Size
986 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$171
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #25000050)

Price History

Date / Event Date Event Price
Feb 18, 2025 Sold
Premium
Sold
Jan 19, 2025 In contract -
In contract
Jan 16, 2025 Relisted $169,000
Relisted
Jan 11, 2025 In contract -
In contract
Jan 2, 2025 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 704
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 490
  • Total Building Area: 600
  • Building Area: 600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSESSOR PLAT DIXIE MAC PARK
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ASSESSORS PLAT OF DIXIE-MAC PARK LOT 70 & E 5 FT OF LOT 71

Neighborhood

  • School District Name: Portage Public Schools
  • School Tax School District: PORTAGE
  • Census Tract: 002102

Zoning

  • Zoning: R-1A

Geography

  • District: 10
  • Parcel: 10-02140-070-O
  • Lot: 70-71
  • Municipality: PORTAGE CITY
  • Latitude: 42.1838
  • Longitude: -85.5632

    Address

  • Full Address: 2209 Clarence Dr
  • Address - House Number: 2209
  • Address - Street Name: Clarence
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Portage
  • Carrier Code: C002
  • 4-Digit Zip Code: 6455
  • Zip Code: 49002

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $329,689

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 73
  • Final Value: 181,262
  • High Value: 216,672
  • Low Value: 145,851

    Market Valuation

  • Market Total Value: $114,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,100

    Sales

  • Current Sale Contract Date: Jun 10, 2021
  • Current Sale Recording Date: Jun 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-024913
  • Previous Sale Recording Date: Jul 08, 2020
  • Previous Sale Contract Date: Jun 16, 2020
  • Previous Sale Amount: $67,200
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Portage

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$161

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2089 ft²

Average Home Age

44.7 years

Currently For Sale

126 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Currently no nearby rentals
MichRIC

Listed by: Chris T Adrian, Adrian Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25000050
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2209 Clarence Drive built and last sold?
The property at 2209 Clarence Drive was built in 1925 and last sold on Jun 10, 2021 for $139,000.
How much is this home worth?
The estimated value of the home located at 2209 Clarence Drive is $165,444.
What are some comparable homes to 2209 Clarence Drive?
There are currently no comparable homes to 2209 Clarence Drive.
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