Brick Quadplex with
10280 Nardin Drive, Detroit, MI 48204
For Sale
Contact for pricing
Multifamily, 2 Story, Detroit, MI
Property Size3,618 SF
Lot Size0.11 Acres
Price / SF$5.53
Days on Market323
Property Features for 10280 Nardin Drive
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Pets allowed
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
RCH Brokerage Legacy Inc
Listed By:
Leonard A Pickett III · License MI #6501306589
(248) 440-2268
Added: Dec 23, 2025
Changed: Oct 24
Last Checked: Nov 10 at 7:06PM
MLS# 20251060950
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.
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Investment Insights
Based on property information with market context.
This Colonial-style quadplex is a two-story brick property built in 1924. The building contains 3,618 square feet on a 0.11-acre lot and includes a basement, multiple bedrooms, and three bathrooms. Forced-air heating and public water service are present. The property requires full rehabilitation, making detailed redevelopment planning and financing documentation part of the purchase proposal process.
Located in Detroit’s Nardin Park neighborhood, the property is in Wayne County and carries Residential zoning. The Detroit Land Bank Authority may retain tax-capture rights for the five tax years following transfer of ownership. Those rights may affect eligibility for otherwise available tax abatements, and requests to waive them are subject to review.
Located in Detroit’s Nardin Park neighborhood, the property is in Wayne County and carries Residential zoning. The Detroit Land Bank Authority may retain tax-capture rights for the five tax years following transfer of ownership. Those rights may affect eligibility for otherwise available tax abatements, and requests to waive them are subject to review.
Key Highlights
- Quadplex with 3,618 square feet of building area
- 0.11‑acre lot in Detroit’s Nardin Park neighborhood
- Two‑story brick Colonial‑style building constructed in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,955
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,100
$759.1K
Cap Rate 7%
$542,214
$542.2K
Cap Rate 9%
$421,722
$421.7K
Market Conditions
NOI Build-Up for 3,618 SF
Gross rent
$73.8K $20.40/SF
− Vacancy
−$4.8K −$1.33/SF
EGI
$69.0K $19.07/SF
− OpEx
−$31.1K −$8.58/SF
NOI
$38.0K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,100
Cap Rate 7%
$542,214
Cap Rate 9%
$421,722
Alternative Uses
Best Use
Multifamily LT 5
$590.7K
$516.9K – $689.1K
NOI $41,348 @ 7.0% cap
Second Best
Apartment 5plus
$542.2K
$474.4K – $632.6K
NOI $37,955 @ 7.0% cap
Theoretical Best
Office A
$798.1K
$698.4K – $931.2K
NOI $55,870 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
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Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Detroit, MI
Properties on Market for Quadplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story residential income property requiring comprehensive rehabilitation and supported by public water service.
Where is this quadplex located?
The property is located at 10280 Nardin Drive Detroit, MI.
What are key features of this property?
This property features: Quadplex with 3,618 square feet of building area; 0.11‑acre lot in Detroit’s Nardin Park neighborhood; Two‑story brick Colonial‑style building constructed in 1924
