Completely Renovated Tudor
For Sale
$290,000
Pending
17394 Warrington Drive, Detroit, MI 48221
MULTI_FAMILY - Tudor - Detroit, MI
Property Size1,986 SF
Lot Size0.08 Acres
Days on Market111
Property Features for 17394 Warrington Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Basement, Bathroom 1, Bathroom 2, Bedroom 4
Parking
2
Security features
Security Alarm
Pets allowed
Yes
Interior features
Circuit Breakers, Laundry Facility, Security Alarm (rented)
Subdivision
Keans Sub Of SW 1/4 Of SW 1/4 Of Sec 10
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
Head South on Livernois. Turn Left onto Curtis Street. Turn Right onto Warrington Drive. 17394 Warrington Drive will be on your left (east side of the street).
Standard status
Pending
APN
W02I003984S
Size
1,986 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
E WARRINGTON DR N 12 FT 91 S 24 FT 90 KEANS SUB L14 P57 PLATS, W C R 2/136 36 X 100
Tax Annual Amount
4405
Legal Description
E WARRINGTON DR N 12 FT 91 S 24 FT 90 KEANS SUB L14 P57 PLATS, W C R 2/136 36 X 100
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1928
Floors in Building
2
Number of units
2
Building materials
Brick, Stone, Stucco, Vinyl
Roof type
Asphalt
Architectural style
Tudor
Listing Agency:
@properties Christie's Int'l R.E. Detroit
(313) 230-0510
Listed By:
Austin Black II · License #6501336434
(313) 550-2307
Added: Apr 23
Changed: Aug 4
Last Checked: Aug 11 at 5:06PM
MLS# 20261026623
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.
17394 Warrington Drive is a completely renovated two-unit duplex in a Tudor architectural style, built in 1928. The property includes two updated residential units with renovated kitchens featuring modern finishes, fully updated bathrooms, and hardwood floors throughout. The lower unit was renovated in 2019, and the upper unit was gutted and renovated in 2023. The upper unit also offers a loft-style space that can serve as a third bedroom, home office, or creative studio.
Interior systems and conveniences include forced air heating, central air, ceiling fans, circuit breakers, and a laundry facility. A security alarm is noted as rented. The exterior provides a two-car garage for parking convenience.
Additional materials include brick, stone, stucco, and vinyl construction, with an asphalt roof. Public water service is available. The site totals 0.08 acres, and the property size is listed as 1,986 square feet.
Interior systems and conveniences include forced air heating, central air, ceiling fans, circuit breakers, and a laundry facility. A security alarm is noted as rented. The exterior provides a two-car garage for parking convenience.
Additional materials include brick, stone, stucco, and vinyl construction, with an asphalt roof. Public water service is available. The site totals 0.08 acres, and the property size is listed as 1,986 square feet.
Key Highlights
- Two‑unit Tudor duplex built in 1928
- Lower unit renovated in 2019; upper unit gutted and renovated in 2023
- Renovated kitchens and fully updated bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,940
$453.9K
Cap Rate 7%
$324,243
$324.2K
Cap Rate 9%
$252,189
$252.2K
Market Conditions
NOI Build-Up for 1,986 SF
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.
Gross rent
$34.6K $17.40/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$32.4K $16.33/SF
− OpEx
−$9.7K −$4.90/SF
NOI
$22.7K $11.43/SF
Area
Detroit, MI
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,940
Cap Rate 7%
$324,243
Cap Rate 9%
$252,189
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.7K – $378.3K
NOI $22,697 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$297.6K
$260.4K – $347.3K
NOI $20,835 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$438.1K
$383.4K – $511.1K
NOI $30,668 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 48221, MI
38,204
Population
17,452
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
7,347
Density / Sq Mi
$55,583
Median Household Income
$37,019
Median Earnings
$1,174
Median Rent
$138,700
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-unit duplex with renovated kitchens and baths, hardwood floors, central air, and a two-car garage on a public water system.
Where is this duplex located?
The property is located at 17394 Warrington Drive Detroit, MI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑unit Tudor duplex built in 1928; Lower unit renovated in 2019; upper unit gutted and renovated in 2023; Renovated kitchens and fully updated bathrooms in both units
