Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5510 Bingham St Dearborn, MI 48126

    Sponsored
    For Sale
    $280,000

    Duplex - Dearborn, MI

    Type:Duplex
    Property size:
    1,650 SF
    Lot size:
    0.11 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 19 at 8:06 pm

    Property Features for 5510 Bingham St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    32821017103005
    Parking features
    Garage
    Basement Y/N
    1
    Size
    1,650 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1926
    Year renovated
    2020
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Sam Amona

    New Michigan Realty (844) 639-6424 [email protected]

    Listing agent Sam Amona (844) 639-6424

    Listing date Jan 13, 2026

    MLS# 20261002602 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Dearborn Multifamily Investment Opportunity

    This turn-key, tenant-occupied two-unit multifamily property is located in the desirable East Dearborn area. The first-floor unit features two bedrooms, a living room, a dining or family room, a full bathroom, and a kitchen. The upper unit also includes two bedrooms, a living room, a dining or family room, a bathroom, and a kitchen with a pantry/storage area. The basement contains two additional bedrooms, a full bathroom, and a laundry room. Recent updates include the roof and siding. The property, situated on a 0.11-acre lot, also features a backyard and a detached two-car garage. The property size is 1650 square feet. Unit 1 generates $1,400 per month, and Unit 2 generates $1,100 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.17341
    Latitude
    42.32872

    Nearby Similar for Sale

    • New
      $249,900
      1,622 SF

      Dearborn Duplex: Investment Opportunity

      Turn-key duplex in booming Dearborn, ideal for investors or owner-occupiers.
      2744 Pardee Ave, Dearborn, MI 48124
      View Details
    • New
      $1,800,000
      4,800 SF

      Established Auto Repair Business Opportunity

      Thriving auto repair business and real estate for sale in Dearborn.
      14433 W Warren Ave, Dearborn, MI 48126
      View Details
    • $259,900
      1,512 SF

      Charming Dearborn Duplex Ready Now

      Move-in ready duplex with elegant features in Dearborn, Michigan.
      5003 Middlesex St, Dearborn, MI 48126
      View Details
    • $2,500,000
      7,808 SF

      Fully Occupied Medical Building

      Fully leased medical building in Dearborn with established medical tenants.
      5245 Schaefer Rd, Dearborn, MI 48126
      View Details
    • $799,999
      3,200 SF

      Dearborn Commercial Building on Ford

      3,200 sq ft commercial building on high-traffic Ford Road.
      14455 Ford Rd, Dearborn, MI 48126
      View Details
    • $3,695,000
      14,025 SF

      Dearborn Commercial Property For Sale

      Centrally located commercial property in high-traffic Dearborn business district.
      15241 Michigan Ave Ave, Dearborn, MI 48126
      View Details
    • $499,700

      Dearborn Commercial Corridor Business Opportunity

      Turn-key business opportunity in a thriving commercial corridor.
      14600 W Warren Ave, Dearborn, MI 48126
      View Details
    • $329,000

      Multi-Family Residence in Dearborn

      Multi-family property in Dearborn's Aviation Subdivision, great investment opportunity.
      10339 Tireman Ave, Dearborn, MI 48126
      View Details
    • $80,000

      Morley Manor One-Bedroom Unit

      One-bedroom unit with updates and balcony view in Morley Manor.
      21800 Morley Ave, Dearborn, MI 48124
      View Details
    • $649,900
      2,613 SF

      Turnkey Nail Salon For Sale

      Well-maintained, renovated nail salon with modern amenities and VIP suite.
      5460 Schaefer Rd, Dearborn, MI 48126
      View Details
    • $449,900

      Freestanding Building in Dearborn

      Freestanding building with ample parking and freeway access.
      10531 Wren St, Dearborn, MI 48120
      View Details
    • $130,000

      Profitable Smoke Shop Business Opportunity

      Established smoke shop with inventory, online store, and lottery.
      18512 Outer Dr W, Dearborn, MI 48128
      View Details

    FAQs

    What type of property is this?
    Duplex - Tenant-occupied two-unit multifamily property in East Dearborn with solid income.
    Where is this duplex located?
    The property is located at 5510 Bingham St Dearborn, MI.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: - Solid income-generating property with a total monthly rental income of $2,500.; - Turn-key and tenant-occupied, ensuring immediate cash flow.; - Two separate units, each featuring 2 bedrooms, living room, dining/family room, kitchen, and bathroom.
    (844) 639-6424
    Request Owner's contact information
    5510 Bingham St Dearborn, MI 48126
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5510 Bingham St
    Dearborn, MI 48126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5510 Bingham St Dearborn, MI 48126
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sam Amona
    (844) 639-6424
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.