Multi-Family Income Property with
For Sale
$289,000
Pending
11344 Lumpkin Street, Hamtramck, MI 48212
MULTI_FAMILY - Other - Hamtramck, MI
Property Size2,118 SF
Lot Size0.15 Acres
Days on Market38
Property Features for 11344 Lumpkin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Pets allowed
Yes
Subdivision
Flemings
Elementary school district
Hamtramck
Middle school district
Hamtramck
High school district
Hamtramck
Directions
Just north of Caniff between Jos Campau and I-75
Standard status
Pending
APN
41004020241301
Size
2,118 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
LOTS 241 AND 242 FLEMING'S SUB 1/4 SEC 22 10,000 A.T. L.28 P.70 WCR
Tax Annual Amount
1845
Legal Description
LOTS 241 AND 242 FLEMING'S SUB 1/4 SEC 22 10,000 A.T. L.28 P.70 WCR
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Wood
Architectural style
Other
Listing Agency:
Adams Realty Services
(248) 582-3300
Listed By:
William J Adams · License #6501158021
(248) 582-3300
Added: Jun 23
Changed: Jul 28
Last Checked: Jul 30 at 12:06PM
MLS# 20261047249
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 multi-family income property is situated on a rare double lot and includes a brick garage. Inside, the units feature open floor plans with hardwood flooring, built-ins, and one updated bath. Additional improvements include newer mechanicals and central air for one unit. The home also offers two covered porches, along with extensive plantings that provide outdoor space for relaxing and entertaining.
The property is located in Hamtramck and is described as having easy access to Downtown Hamtramck, Downtown Detroit, Ferndale, and Royal Oak. Zoning is listed as Multi-Family.
The overall configuration supports comfortable living indoors with multiple outdoor areas, while the double lot and garage add practical utility for everyday use.
The property is located in Hamtramck and is described as having easy access to Downtown Hamtramck, Downtown Detroit, Ferndale, and Royal Oak. Zoning is listed as Multi-Family.
The overall configuration supports comfortable living indoors with multiple outdoor areas, while the double lot and garage add practical utility for everyday use.
Key Highlights
- Hamtramck income property built in 1920 with wood construction
- Central air and forced‑air heating
- Public water service
Financial Insights For Multifamily LT 5
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 | $31.8k | $15.00 |
| − Vacancy | −$2.1k | −$0.98 |
| EGI | $29.7k | $14.03 |
| − OpEx | −$8.9k | −$4.21 |
| NOI | $20.8k | $9.82 |
2,118 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.0K
$259.9K – $346.6K
NOI $20,793 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$272.8K
$238.7K – $318.2K
NOI $19,094 @ 7.0% cap · market cap 6.61%
Theoretical Best
Specialty Retail
$392.1K
$343.1K – $457.5K
NOI $27,449 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
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?
Duplex - Multi-family property on a double lot with open floor plans, hardwood floors, one updated bath, and a brick garage.
Where is this duplex located?
The property is located at 11344 Lumpkin Street Hamtramck, MI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Hamtramck income property built in 1920 with wood construction; Central air and forced‑air heating; Public water service
