Brick Ranch Duplex with Private
For Sale
$185,000
18925 Roscommon Street, Harper Woods, MI 48225
MULTI_FAMILY - Ranch - Harper Woods, MI
Property Size792 SF
Lot Size0.12 Acres
Price / SF$233.59
Days on Market45
Property Features for 18925 Roscommon Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Basement, Bedroom 1, Bathroom 2, Bedroom 2
Subdivision
Chatham Village Add
Elementary school district
Harper Woods
Middle school district
Harper Woods
High school district
Harper Woods
Directions
8 Mile & Kelly
Standard status
Active
APN
42001040030000
Size
792 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
618E30 LOT 30 CHATHAM VILLAGE ADDITION PC 618 L69 P67 WCR
Tax Annual Amount
2260
Legal Description
618E30 LOT 30 CHATHAM VILLAGE ADDITION PC 618 L69 P67 WCR
Utilities
Heating system
Forced Air
Water source
Public
Amenities
full basements
private fenced backyards
Building Details
Year built
1944
Floors in Building
1
Number of units
2
Building materials
Brick
Architectural style
Ranch
Listing Agency:
MVPS Realtors
(586) 999-5153
Listed By:
Michael Hines
(586) 999-5153
Added: Jul 8
Changed: Aug 2
Last Checked: Aug 21 at 4:06AM
MLS# 20261052174
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 brick ranch duplex offers two tenant-occupied units. The property includes full basements for both units, plus private fenced backyards and each unit’s own detached garage. The units are described as having newer dimensional roofs, and heating is forced air. Water is provided via public source.
The lot size is 0.12 acres, and the building was constructed in 1944. The duplex is located in Harper Woods, near Kelly Road and 8 Mile.
All units are tenant occupied, and an accepted offer is required prior to viewing the interiors. Please do not approach the properties without a confirmed appointment.
The lot size is 0.12 acres, and the building was constructed in 1944. The duplex is located in Harper Woods, near Kelly Road and 8 Mile.
All units are tenant occupied, and an accepted offer is required prior to viewing the interiors. Please do not approach the properties without a confirmed appointment.
Key Highlights
- Two tenant‑occupied units in a brick ranch duplex
- Newer dimensional roofs
- Full basements plus private fenced backyards
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
$7,775
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
4.20%
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%
$155,500
$155.5K
Cap Rate 7%
$111,071
$111.1K
Cap Rate 9%
$86,389
$86.4K
Market Conditions
NOI Build-Up for 792 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
$11.9K $15.00/SF
− Vacancy
−$772 −$0.98/SF
EGI
$11.1K $14.03/SF
− OpEx
−$3.3K −$4.21/SF
NOI
$7.8K $9.82/SF
Area
Wayne County, MI
Vacancy
6.50%
Lease Rate
$15.00 /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%
$155,500
Cap Rate 7%
$111,071
Cap Rate 9%
$86,389
Alternative Uses
Best Use
Multifamily LT 5
$111.1K
$97.2K – $129.6K
NOI $7,775 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$102.0K
$89.3K – $119.0K
NOI $7,140 @ 7.0% cap · market cap 3.86%
Theoretical Best
Specialty Retail
$146.6K
$128.3K – $171.1K
NOI $10,264 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 48225, MI
15,862
Population
6,271
Households
2.5
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
5,875
Density / Sq Mi
$59,248
Median Household Income
$40,558
Median Earnings
$1,304
Median Rent
$140,800
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 duplex with two tenant-occupied units, full basements, fenced backyards, and detached garages.
Where is this duplex located?
The property is located at 18925 Roscommon Street Harper Woods, MI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two tenant‑occupied units in a brick ranch duplex; Newer dimensional roofs; Full basements plus private fenced backyards
