One-Story Duplex with
For Sale
$349,900
Pending
10350 Davisburg Road, Davisburg, MI 48350
Multifamily, 1 Story, Springfield Twp, MI
Property Size2,090 SF
Lot Size0.73 Acres
Days on Market59
Property Features for 10350 Davisburg Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Basement, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1
Pets allowed
Call
Interior features
Cable Available, Circuit Breakers, Laundry Facility, High Spd Internet Avail
Exterior features
Lighting, Private Entry, Fenced
Fencing
Fenced
Subdivision
Suprvrs 10 - Springfield Township
Elementary school district
Clarkston
Middle school district
Clarkston
High school district
Clarkston
Directions
Dixie Hwy to W on Davisburg Rd; N side
Standard status
Pending
APN
0710451028
Size
2,090 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Description
T4N, R8E, SEC 10 SUPERVISOR'S PLAT NO 10 LOT 26 EXC BEG AT NE LOT COR, TH W 200 FT, TH S 26-13-00 E 230.70 FT TO SELY LOT LINE, TH N 56-04-00 E 120 FT TO SELY LOT COR, TH N 00-36-00 W 140 FT TO BEG
Tax Annual Amount
3644
Legal Description
T4N, R8E, SEC 10 SUPERVISOR'S PLAT NO 10 LOT 26 EXC BEG AT NE LOT COR, TH W 200 FT, TH S 26-13-00 E 230.70 FT TO SELY LOT LINE, TH N 56-04-00 E 120 FT TO SELY LOT COR, TH N 00-36-00 W 140 FT TO BEG
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s), Separate Meters, Attic Fan
Water source
Well
Amenities
backyard
patio
fenced area
oversized shed
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
Fairway Realty Group
(810) 479-0906
Listed By:
Shelly Berlin · License #6502348135
(810) 479-0907
Added: Jul 20
Changed: Sep 14
Last Checked: Sep 16 at 8:06AM
MLS# 20261056443
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.
Investment Insights
Based on property information with market context.
This 1972 ranch-style duplex contains 2,090 square feet with two residential units, each offering 2 bedrooms, 1 bathroom, a kitchen, dining room, and living room. The full basement is divided with a private entry for each side and laundry hookups available to both units. Recent updates include the HVAC systems, water heaters, windows, and a whole-house generator.
Set on 0.73 acres in Springfield Twp, the property includes a shared backyard, patio, fenced area, and oversized shed. Additional features include central air, forced-air heat, separate meters, private entrances, aluminum and brick construction, an asphalt roof, well water, and a septic tank.
Set on 0.73 acres in Springfield Twp, the property includes a shared backyard, patio, fenced area, and oversized shed. Additional features include central air, forced-air heat, separate meters, private entrances, aluminum and brick construction, an asphalt roof, well water, and a septic tank.
Key Highlights
- 2,090 square feet on a 0.73‑acre parcel
- Two units, each with 2 Bed/1 Bath and kitchen, dining, and living areas
- Full basement divided with private entry and laundry hookups 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private entries, divided basement space, and laundry hookups for each side.
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 feet on a 0.73‑acre parcel; Two units, each with 2 Bed/1 Bath and kitchen, dining, and living areas; Full basement divided with private entry and laundry hookups on each side
