One-Story Duplex with
For Sale
$349,900
10350 Davisburg Road, Davisburg, MI 48350
Two residential units include private entries, separate laundry hookups, and access to a shared backyard on a 0.73-acre parcel.
Property Size2,090 SF
Lot Size0.73 Acres
Price / SF$167.42
Days on Market42
Property Features for 10350 Davisburg Road
General Information
Standard status
Active
Size
2,090 SF
Lot size
0.73 Acres
Property subtype
Residential Income
Zoning
Residential
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,644
Amenities
backyard
patio
fenced area
oversized shed
laundry hook-ups
whole-house generator
Building Details
Building Size
2,090 SF
Year Built
1972
Buildings
1
Stories
1
Units
2
Listing Agency:
Fairway Realty Group
(810) 479-0907
Listed By:
Shelly Berlin · License #6502348135
(810) 479-0907
Source:
Insiderealty
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 11:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fairway Realty Group
Investment Insights
Based on property information with market context.
This one-story duplex contains 2,090 square feet above a full basement, with two separate two-bedroom, one-bath units. Each residence includes a kitchen, dining area, and living room. The basement is divided and provides private entry, while laundry hookups are available on both sides. Updates include HVAC systems, water heaters, windows, and a whole-house generator.
The property occupies 0.73 acres at 10350 Davisburg Rd in Springfield Charter Township, with a shared backyard, patio, fenced area, and oversized shed. Its configuration also includes an arrangement suitable for owner occupancy or multigenerational living. The home was built in 1972 and is served by Clarkston Schools.
The property occupies 0.73 acres at 10350 Davisburg Rd in Springfield Charter Township, with a shared backyard, patio, fenced area, and oversized shed. Its configuration also includes an arrangement suitable for owner occupancy or multigenerational living. The home was built in 1972 and is served by Clarkston Schools.
Key Highlights
- 2,090‑square‑foot duplex with two 2‑bedroom, 1‑bath units
- Full basement divided with private entry for each side
- Laundry hookups available on each side
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$553,280
$553.3K
Cap Rate 7%
$395,200
$395.2K
Cap Rate 9%
$307,378
$307.4K
Market Conditions
NOI Build-Up for 2,090 SF
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.
Gross rent
$41.4K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$39.5K $18.91/SF
− OpEx
−$11.9K −$5.67/SF
NOI
$27.7K $13.24/SF
Area
Oakland County, MI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$553,280
Cap Rate 7%
$395,200
Cap Rate 9%
$307,378
Alternative Uses
Best Use
Multifamily LT 5
$395.2K
$345.8K – $461.1K
NOI $27,664 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$366.2K
$320.5K – $427.3K
NOI $25,636 @ 7.0% cap · market cap 7.33%
Theoretical Best
Specialty Retail
$450.8K
$394.5K – $525.9K
NOI $31,556 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 48350, MI
7,581
Population
2,893
Households
2.6
Avg Household Size
44
Median Age
36%
College-Educated
96%
High-School Grad
23.8 sq mi
ZIP Area
319
Density / Sq Mi
$108,568
Median Household Income
$46,222
Median Earnings
$1,310
Median Rent
$351,600
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 - Two residential units include private entries, separate laundry hookups, and access to a shared backyard on a 0.73-acre parcel.
Where is this duplex located?
The property is located at 10350 Davisburg Road Davisburg, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,090‑square‑foot duplex with two 2‑bedroom, 1‑bath units; Full basement divided with private entry for each side; Laundry hookups available on each side
