Duplex with Front
New
For Sale
$330,000
1375 / 1377 Somerset Avenue, Grosse Pointe Park, MI 48230
MULTI_FAMILY - Colonial - Grosse Pointe Park, MI
Property Size2,754 SF
Lot Size0.10 Acres
Price / SF$119.83
Days on Market5
Property Features for 1375 / 1377 Somerset Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 5, Basement, Bedroom 1, Living Room
Parking features
Garage
Interior features
Hardwood Floors
Exterior features
Fenced Yard
Fencing
Fenced
Appliances
Dryer, Washer
Subdivision
Somerset Road Sub
Lot features
Walk to School
Elementary school
Defer
Middle school
Pierce
High school
South
Elementary school district
Grosse Pointe Public Schools
Middle school district
Grosse Pointe Public Schools
High school district
Grosse Pointe Public Schools
Standard status
Active
APN
39-007-02-0024-000
Size
2,754 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9312
Utilities
Heating system
Forced Air, Oil
Cooling system
Wall/Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1924
Floors in Building
2
Number of units
2
Architectural style
Colonial
Listing Agency:
Sine & Monaghan LLC
(313) 884-7000
Listed By:
Kelie McMillan · License #MISPE-6501295020
(313) 570-4555
Added: Aug 1
Changed: Aug 3
Last Checked: Aug 5 at 10:06PM
MLS# 50217012
Copyright © 2026 Multiple Listing Service MiRealSource. 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.
Located at 1375 / 1377 Somerset Avenue in Grosse Pointe Park, this 2-family duplex offers 2,754 square feet of total living space on a 0.1-acre lot. Built in 1924 and styled as a Colonial, the home welcomes you with a huge classic front porch on the first level. Inside, each unit offers a functional layout with 3 bedrooms and 1 full bathroom, along with generous living and dining areas.
Amenities and systems include hardwood floors, a fenced yard, and washer and dryer appliances. Heating is forced air with oil, with cooling provided by wall/window unit(s) and central air. Each unit is supported by separate meters for gas and electricity, helping simplify management.
Parking includes a rare 2-car garage plus a driveway for off-street parking. The property is being sold as-is.
Amenities and systems include hardwood floors, a fenced yard, and washer and dryer appliances. Heating is forced air with oil, with cooling provided by wall/window unit(s) and central air. Each unit is supported by separate meters for gas and electricity, helping simplify management.
Parking includes a rare 2-car garage plus a driveway for off-street parking. The property is being sold as-is.
Key Highlights
- 2‑family duplex with huge classic front porch at 1375 / 1377 Somerset Avenue
- 2,754 SF total living space on a 0.1‑acre lot
- Built in 1924 in a Colonial architectural style
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 | $41.3k | $15.00 |
| − Vacancy | −$2.7k | −$0.98 |
| EGI | $38.6k | $14.03 |
| − OpEx | −$11.6k | −$4.21 |
| NOI | $27.0k | $9.82 |
2,754 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$386.2K
$338.0K – $450.6K
NOI $27,037 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$354.7K
$310.3K – $413.8K
NOI $24,827 @ 7.0% cap · market cap 7.52%
Theoretical Best
Specialty Retail
$509.9K
$446.2K – $594.9K
NOI $35,692 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 48230, MI
17,559
Population
7,369
Households
2.4
Avg Household Size
42
Median Age
73%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
5,321
Density / Sq Mi
$131,155
Median Household Income
$65,716
Median Earnings
$1,451
Median Rent
$448,200
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 - Two-family duplex with classic front porch, fenced yard, and separate gas and electric meters for each unit.
Where is this duplex located?
The property is located at 1375 / 1377 Somerset Avenue Grosse Pointe Park, MI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2‑family duplex with huge classic front porch at 1375 / 1377 Somerset Avenue; 2,754 SF total living space on a 0.1‑acre lot; Built in 1924 in a Colonial architectural style
