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    The Largest CRE Database in the US with Over 1 Million Listings

    3311 W Grand St Detroit, MI 48238

    Sponsored
    For Sale
    $148,500

    Multi-Unit (2-4) - Detroit, MI

    Property size:
    2,600 SF
    Days on Market:
    7
    Last Refresh:
    Feb 5 at 3:06 am

    Property Features for 3311 W Grand St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Bedrooms
    6
    Bathrooms
    2
    APN
    12004641.
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Refrigerator
    Size
    2,600 SF

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1925
    Year renovated
    1925
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Dennis Jakub

    RE/MAX Connection - Detroit (248) 505-2509

    Listing agent Dennis Jakub (248) 505-2509

    Listing date Jan 30, 2026

    MLS# 11613504 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Detroit Duplex with Income Potential

    Located in the historic Oakman Boulevard Community of Detroit's west side, this duplex at 3311 West Grand Street offers an exceptional living experience. The property features distinct entrances for each unit, providing privacy for residents. The expansive living areas are adorned with original hardwood floors and enhanced by ample natural light streaming through large windows. Classic architectural details, including decorative molding and high ceilings, contribute to the character of the space. The kitchen areas offer space for configuring the layout according to individual needs. The property features two full bathrooms located in the basement, which has been remodeled into two separate units, both vented and set up for stove and microwave installation. Each unit has a full bathroom, presenting an opportunity to maximize rental income. Outside, the property offers potential for landscaping and outdoor living spaces. Situated in a desirable location, this duplex presents an excellent opportunity for investors or those seeking a multi-family living arrangement. Its proximity to local amenities, parks, and community services ensures convenience and comfort. The property size is 2600 square feet and the lot size is 0 acres. The zoning is 100. This duplex features classic architectural elements and essential amenities, making it a choice for potential homeowners or investors in the Detroit area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.130291
    Latitude
    42.391693

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    FAQs

    What type of property is this?
    Duplex - Well-appointed duplex in Detroit's Oakman Boulevard Community historic district.
    Where is this duplex located?
    The property is located at 3311 W Grand St Detroit, MI.
    What is the asking price?
    The asking price for this property is $148,500.
    What are key features of this property?
    This property features: - Income-generating potential: Remodeled basement with separate units, each with a full bathroom and setup for stove/microwave installation, maximizes rental income.; - Duplex with separate entrances: Offers privacy and autonomy for residents, ideal for multi-family living or renting out one unit.; - Prime location: Situated in the historic Oakman Boulevard Community of Detroit's west side, close to local amenities, parks, and community services.
    (734) 355-8858
    Request Owner's contact information
    3311 W Grand St Detroit, MI 48238
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    Detroit, MI 48238
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3311 W Grand St Detroit, MI 48238
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    We can help!
    Listing Contact
    Dennis Jakub
    (734) 355-8858
    Learn more
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