Rented Duplex Investment
For Sale
$190,000
449 W Evelyn Avenue, Hazel Park, MI 48030
MULTI_FAMILY - Other - Hazel Park, MI
Property Size1,134 SF
Lot Size0.07 Acres
Price / SF$167.55
Days on Market14
Property Features for 449 W Evelyn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Pets allowed
Call
Subdivision
Ford Heights- Hazel Park
Elementary school district
Hazel Park
Middle school district
Hazel Park
High school district
Hazel Park
Directions
From I-75 Southbound: Take Exit 55 toward 9 Mile Rd. Turn left onto E 9 Mile Rd (Eastbound). Travel about 0.5 miles and turn right onto John R Rd. Travel about 0.8 miles and turn right onto W Evelyn Ave. The destination will be on your right. From I-75 Northbound: Take Exit 54 for 8 Mile Rd. Turn right onto E 8 Mile Rd (Eastbound). Travel about 0.5 miles and turn left onto John R Rd. Travel about 0.8 miles and turn left onto W Evelyn Ave. The destination will be on your right.
Standard status
Active
APN
2535406003
Size
1,134 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
T1N, R11E, SEC 35 FORD HEIGHTS SUB LOT 273, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
Tax Annual Amount
4085
Legal Description
T1N, R11E, SEC 35 FORD HEIGHTS SUB LOT 273, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
Utilities
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Building materials
Vinyl
Architectural style
Other
Listing Agency:
Keller Williams Somerset · Keller Williams Realty
(248) 649-7200
Listed By:
Joseph Hammel · License #6501422602
(248) 649-7200
Added: Jul 17
Changed: Jul 28
Last Checked: Jul 30 at 12:06PM
MLS# 20261053500
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 multi-family duplex in Hazel Park offers two spacious 3-bedroom, 2-bath units. Both sides are already rented, providing an income-producing setup for an owner-operator or investor.
Located in Hazel Park in Oakland County, the property is positioned near the border of Ferndale. The listing indicates walkthrough photo and video are available through the agent, and showing requests should be submitted via ShowingTime.
Financing options mentioned include FHA, VA, Conventional, Hard Money/Cash, and DSCR. To submit an offer, provide the complete offer package as one PDF, including the pre-approval or POF, and do not send offers through Remine. BATVAI.
Located in Hazel Park in Oakland County, the property is positioned near the border of Ferndale. The listing indicates walkthrough photo and video are available through the agent, and showing requests should be submitted via ShowingTime.
Financing options mentioned include FHA, VA, Conventional, Hard Money/Cash, and DSCR. To submit an offer, provide the complete offer package as one PDF, including the pre-approval or POF, and do not send offers through Remine. BATVAI.
Key Highlights
- Two spacious 3‑bedroom, 2‑bath duplex units, already rented out
- Year built: 1925
- Construction materials include vinyl siding
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 | $22.5k | $19.80 |
| − Vacancy | −$1.0k | −$0.89 |
| EGI | $21.4k | $18.91 |
| − OpEx | −$6.4k | −$5.67 |
| NOI | $15.0k | $13.24 |
1,134 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.4K
$187.6K – $250.2K
NOI $15,010 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$244.6K
$214.0K – $285.4K
NOI $17,122 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 48030, MI
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,351
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
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 - Duplex with two rented 3-bedroom, 2-bath units in Hazel Park, zoned for multi-family use.
Where is this duplex located?
The property is located at 449 W Evelyn Avenue Hazel Park, MI.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two spacious 3‑bedroom, 2‑bath duplex units, already rented out; Year built: 1925; Construction materials include vinyl siding
