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    814 Harcourt Grosse Pointe Park, MI 48230

    View on Map
    New
    For Sale
    $650,000

    Multi-Family, 2 Story - Grosse Pointe Park, MI

    Property size:
    3,490 SF
    Lot size:
    0.25 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 814 Harcourt

    General Information

    Property type
    Residential Multi Family
    Bedrooms
    6
    Bathrooms
    6
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage, Garage - Detached
    Fireplace
    1
    Basement Y/N
    1
    Standard status
    Active
    APN
    39-006-04-0022-000
    Size
    3,490 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    10087

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1948
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Miles Knight
    Miles Knight

    Listing agent Miles Knight License #6501420542

    Listing office Sine & Monaghan LLC 18412 Mack Ave, Grosse Pointe Farms, MI

    Listing date Mar 26, 2026

    MLS# 50202571 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Duplex in Grosse Pointe

    This two-story, multi-family property is a spacious townhouse-style duplex located in Grosse Pointe Park, Michigan. Each unit features over 1,700 square feet of living space, including 3 bedrooms, 2 full baths, and 1 half bath. The layout of each unit includes a living room with a natural fireplace, a formal dining room, and a sunroom. The kitchens are equipped with appliances and casual eating areas. Hardwood floors are present throughout the units. Upstairs, the primary bedrooms have private en-suite baths. Additional bedrooms offer flexibility for family, guests, or a home office. Each unit also includes in-unit laundry and a dedicated garage space. The full basements, each with a half bath, provide abundant storage and the potential to expand living space. Situated minutes from the waterfront, local boutiques, vibrant restaurants, and parks, this property is located on a 0.25-acre lot. The property is suitable for rental income or owner-occupancy. The total property size is 3,490 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Grosse Pointe Park
    County
    Wayne
    State
    Michigan
    Longitude
    -82.92461
    Latitude
    42.37557

    Nearby Similar for Sale

    • $279,900
      1,140 SF

      Renovated Duplex in Grosse Pointe

      Turnkey duplex with access to waterfront parks near Downtown Detroit.
      1083 Lakepointe, Grosse Pointe Park, MI 48230
      View Details
    • $335,000
      2,000 SF

      Updated Two-Family Home in Grosse Pointe

      Charming, updated two-family home in a desirable West Park location.
      1456 Wayburn, Grosse Pointe Park, MI 48230
      View Details

    FAQs

    What type of property is this?
    Duplex - Townhouse-style duplex near waterfront, boutiques, restaurants, and parks.
    Where is this duplex located?
    The property is located at 814 Harcourt Grosse Pointe Park, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime location in Grosse Pointe Park, near waterfront, boutiques, restaurants, and parks.; Duplex configuration offers investment potential or owner‑occupancy with rental income.; Spacious units: Over 1,700 sq. ft. per unit, each with 3 bedrooms and 2.5 baths.
    (313) 207-2576
    We can help!
    Listing Contact
    Miles Knight
    Miles Knight
    Real Estate License ID: 6501420542
    Learn More
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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
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