Two-Unit Duplex with Covered
For Sale
$324,900
1645 TAYLOR Street, Detroit, MI 48206
MULTI_FAMILY - Other - Detroit, MI
Property Size2,668 SF
Lot Size0.09 Acres
Price / SF$121.78
Days on Market13
Property Features for 1645 TAYLOR Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 6, Bathroom 2, Basement, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1
Pets allowed
Yes
Interior features
Cable Available, Circuit Breakers, Entrance Foyer, Laundry Facility
Exterior features
Chimney Cap(s), Lighting
Subdivision
STOTTS SUB (PLATS)
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
From Rosa Parks turn East on Taylor
Standard status
Active
APN
W08I002575S
Size
2,668 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2027. S TAYLOR 104 STOTTS SUB L30 P61 PLATS, W C R 8/117 30 X 127
Tax Annual Amount
3616
Legal Description
Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2027. S TAYLOR 104 STOTTS SUB L30 P61 PLATS, W C R 8/117 30 X 127
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
balcony
stainless steel appliances
hardwood floors
Building Details
Year built
1916
Floors in Building
3
Number of units
2
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Leading Edge · RE/MAX International
(734) 404-8800
Listed By:
Ryan E Kain · License #6501401697
(313) 277-7777
Added: Jul 24
Changed: Aug 3
Last Checked: Aug 5 at 4:06PM
MLS# 20261056462
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 two-unit brick duplex was fully gut rehabbed and is set up as a house-hacker friendly layout. The kitchens include white shaker cabinets, butcher block countertops, and stainless steel appliances. Bathrooms feature new tile, updated fixtures, and a large double vanity. The second-floor unit includes an additional massive room on the third floor that can serve as a home gym, office, or entertainment space. Interior and systems updates include all-new Romex wiring, a new 3D architectural shingle roof, new vinyl windows, and new PEX and PVC plumbing. The home also features forced-air heating, central air, refinished hardwood floors, and circuit breakers, with a laundry facility and cable available.
Outside, enjoy the expansive covered front porch or an upper unit balcony, plus a small one-car garage located out back off the alley. Utilities are metered separately for gas and electric, and water is on one meter. The property sits on a 0.09-acre lot and totals 2,668 square feet, built in 1916, with an asphalt roof.
The interior room list includes multiple bedrooms and two bathrooms, along with a basement and entry foyer for day-to-day functionality.
Outside, enjoy the expansive covered front porch or an upper unit balcony, plus a small one-car garage located out back off the alley. Utilities are metered separately for gas and electric, and water is on one meter. The property sits on a 0.09-acre lot and totals 2,668 square feet, built in 1916, with an asphalt roof.
The interior room list includes multiple bedrooms and two bathrooms, along with a basement and entry foyer for day-to-day functionality.
Key Highlights
- Fully gut rehabbed two‑unit brick duplex with refinished hardwood floors
- Second‑floor unit includes a massive additional third‑floor room for flexible use
- Forced‑air heating and central 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 | $54.4k | $20.40 |
| − Vacancy | −$3.5k | −$1.33 |
| EGI | $50.9k | $19.07 |
| − OpEx | −$22.9k | −$8.58 |
| NOI | $28.0k | $10.49 |
2,668 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.6K
$381.1K – $508.2K
NOI $30,491 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$588.6K
$515.0K – $686.7K
NOI $41,200 @ 7.0% cap · market cap 12.68%
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
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
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 - Brick two-unit duplex with forced-air heat, central air, and a covered front porch.
Where is this duplex located?
The property is located at 1645 TAYLOR Street Detroit, MI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Fully gut rehabbed two‑unit brick duplex with refinished hardwood floors; Second‑floor unit includes a massive additional third‑floor room for flexible use; Forced‑air heating and central air
