Four-Unit Residential Income
For Sale
$410,000
1119 Custer Street, Detroit, MI 48211
MULTI_FAMILY - Detroit, MI
Property Size3,396 SF
Lot Size0.07 Acres
Price / SF$120.73
Days on Market205
Property Features for 1119 Custer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 1
Pets allowed
Yes
Subdivision
Sub Of Lt 3 1/4 Sec 58 T T A T
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
S of of Grand Blvd / E of Chrysler Freeway
Standard status
Active
APN
W05I004202S
Size
3,396 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
E CAMERON E 45 FT OF N 12 FT OF 62 E 50 FT OF S 18 FT 62 E 50 FT 61 SUB LOT 3 1/4 SEC 58 TTAT L17 P54 PLATS, W C R 5/98 60 IRREG
Tax Annual Amount
9704
Legal Description
E CAMERON E 45 FT OF N 12 FT OF 62 E 50 FT OF S 18 FT 62 E 50 FT 61 SUB LOT 3 1/4 SEC 58 TTAT L17 P54 PLATS, W C R 5/98 60 IRREG
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
4
Building materials
Aluminum
Architectural style
Other
Listing Agency:
Keller Williams Somerset · Keller Williams Realty
(248) 649-7200
Listed By:
Joseph Hammel · License #6501422602
(248) 649-7200
Added: Jan 6
Changed: Jul 28
Last Checked: Jul 30 at 11:06AM
MLS# 20251061992
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential income property includes three tenant-occupied units and one unit currently vacant and available for showing. Unit 101 is described as vacant and ready to be shown. Showings are available only upon accepted offer, with guidance to not disturb tenants.
The property is located in Detroit, Michigan, on a small lot sized at approximately 0.07 acres, with the stated proximity to I-75 and East Grand Boulevard noted in the remarks. The listing identifies the opportunity as a multi-family configuration under multi-family zoning.
The available showing unit provides a practical option for prospective buyers to review one of the residences directly while the remaining units remain tenant-occupied during the inspection contingency period.
The property is located in Detroit, Michigan, on a small lot sized at approximately 0.07 acres, with the stated proximity to I-75 and East Grand Boulevard noted in the remarks. The listing identifies the opportunity as a multi-family configuration under multi-family zoning.
The available showing unit provides a practical option for prospective buyers to review one of the residences directly while the remaining units remain tenant-occupied during the inspection contingency period.
Key Highlights
- 4‑unit multi‑family property with 3 tenant‑occupied units and 1 unit vacant and ready for showing
- All units served by public water
- Heating is forced air
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $20.40 |
| − Vacancy | −$4.5k | −$1.33 |
| EGI | $64.8k | $19.07 |
| − OpEx | −$29.1k | −$8.58 |
| NOI | $35.6k | $10.49 |
3,396 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$554.4K
$485.1K – $646.9K
NOI $38,811 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$508.9K
$445.3K – $593.8K
NOI $35,626 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$749.2K
$655.5K – $874.0K
NOI $52,442 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,935
Businesses Nearby
Explore this area
Business Placement
Demographics for 48211, MI
5,447
Population
2,518
Households
2.2
Avg Household Size
32
Median Age
16%
College-Educated
74%
High-School Grad
4.2 sq mi
ZIP Area
1,297
Density / Sq Mi
$33,347
Median Household Income
$23,172
Median Earnings
$985
Median Rent
$66,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multi-family asset with three tenant-occupied units and one vacant unit available for showing.
Where is this quadplex located?
The property is located at 1119 Custer Street Detroit, MI.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 4‑unit multi‑family property with 3 tenant‑occupied units and 1 unit vacant and ready for showing; All units served by public water; Heating is forced air
