4186 Drouillard Street Lincoln Park, MI 48146
MULTI_FAMILY - Ranch - Lincoln Park, MI
Property Features for 4186 Drouillard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Multi-Family
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1
- Pets allowed
- Call
- Standard status
- Active
- APN
- 45021080174000
- Size
- 1,200 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- QD174 175A1 LOT 174 AND THE N 5 FT OF LOT 175 ALSO E 1/2 ADJ VAC ALLEY LINCOLN PARK HIGHLANDS SUB FRAC SEC 19 L46 P91 WCR
- Tax Annual Amount
- 3092
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Ranch
Listing agent Joseph Hammel License #6501422602 (248) 649-7200
Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI (248) 649-7200
Listing date Jul 6, 2026
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.
Located in Lincoln Park, Michigan, the available address for the 4186 Drouillard Street building is 4186 Drouillard Street, Lincoln Park, MI 48146. The listing notes that no access will be provided without accepted offers, and that a walkthrough video is available through the listing agent.
For buyers and operators looking for a small, income-producing portfolio, this configuration offers multiple units within two buildings and the ability to structure ownership by purchasing one tax ID or both. Current occupancy is described as five of six units rented, with market rents provided in the remarks as $850–$1,000 per month while the final unit is being filled. Financing options listed include FHA, VA, Conventional, Hard Money, or cash.
Key Highlights
- Two‑building property (4178 and 4186 Drouillard) with separate tax IDs; can be purchased together or separately
- 5 of 6 units currently rented, with the 6th unit in the process of being filled
- 2 units newly renovated
Local 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 | $18.0k | $15.00 |
| − Vacancy | −$1.2k | −$0.98 |
| EGI | $16.8k | $14.03 |
| − OpEx | −$5.0k | −$4.21 |
| NOI | $11.8k | $9.82 |
