873-875 Beaconsfield Avenue, Grosse Pointe Park, MI 48230
MULTI_FAMILY - Grosse Pointe Park, MI
- Added:
- Jul 6, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 9:06 am
Property Features for 873-875 Beaconsfield Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Living Room
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 39-009-01-0214-002
- Size
- 2,230 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9883
Utilities
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1928
- Floors in Building
- 2
- Number of units
- 2
Listing agent Alex M. Lucido License #MISPE-6502119186 (313) 268-2000
Listing office Lucido and Associates, Inc 19455 Mack Ave, Grosse Pointe Woods, MI (313) 882-1010
Listing date Jul 6, 2026
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.
HighLights
- Two‑family property built in 1928
- Second‑floor unit currently occupied, tenant paying $1,500/month
- Major improvements completed: updated roof, windows, and boilers
- Heating includes oil; units split heat 50/50
- Water is paid by the landlord; each unit pays its own electric
- Appliances included: range/oven and refrigerator; washers and dryers provided by the owner
Overview
The second-floor unit is currently occupied by a tenant paying $1,500 per month, providing immediate rental income from the start of ownership. The first-floor unit offers an opportunity for either an owner occupant or a future rental.
For tenants, this structure supports independent utility responsibility with landlord-paid water and on-site laundry equipment provided in the units. For buyers, the combination of completed major building updates and existing rental income in one unit can simplify near-term decision-making, while the first-floor layout provides room to live in the property and/or lease the remaining unit when ready.
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 | $33.5k | $15.00 |
| − Vacancy | −$2.2k | −$0.98 |
| EGI | $31.3k | $14.03 |
| − OpEx | −$9.4k | −$4.21 |
| NOI | $21.9k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grosse Pointe Park
- County
- Wayne
- State
- Michigan
- Longitude
- -82.933328
- Latitude
- 42.373438
