One-Story Duplex with Full
For Sale
$349,900
10350 Davisburg Road, Davisburg, MI 48350
One-story duplex features two 2-bed, 1-bath units and a full basement with private entry and laundry hook-ups.
Property Size2,090 SF
Lot Size0.73 Acres
Price / SF$167.42
Days on Market33
Property Features for 10350 Davisburg Road
General Information
Standard status
Active
Size
2,090 SF
Lot size
0.73 Acres
Property subtype
Multi Family Home
Zoning
Residential
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,644
Amenities
full basement
private entry
laundry hook-ups
shared backyard
patio
fenced area
oversized shed
generator
Building Details
Year Built
1972
Stories
1
Listing Agency:
Fairway Realty Group
(248) 894-0777
Listed By:
Shelly Berlin · License #6502348135
Source:
Thebrokeragehouse
Added: Jul 22
Changed: Aug 23
Last Checked: Aug 12 at 10:16AM
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 offers two separate units, each with two bedrooms and one bathroom, along with a kitchen, dining room, and living room. A full basement is divided with a private entry and laundry hook-ups on each side.
The property includes a large shared backyard with an attached patio, a fenced area, and an oversized shed on one side. Updates noted include HVAC systems, water heaters, windows, and a generator.
Each unit is supported by dedicated laundry hook-ups within the divided basement, and the layout is suited for either investment ownership or shared living arrangements.
The property includes a large shared backyard with an attached patio, a fenced area, and an oversized shed on one side. Updates noted include HVAC systems, water heaters, windows, and a generator.
Each unit is supported by dedicated laundry hook-ups within the divided basement, and the layout is suited for either investment ownership or shared living arrangements.
Key Highlights
- One‑story duplex built in 1972 with 2,090 SF and a full basement
- Two units: each offers 2 bedrooms and 1 bathroom with kitchen, dining, and living areas
- Basement is divided with a private entry and laundry hook‑ups 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
Yes
Fenced yard
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 - One-story duplex features two 2-bed, 1-bath units and a full basement with private entry and laundry hook-ups.
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: One‑story duplex built in 1972 with 2,090 SF and a full basement; Two units: each offers 2 bedrooms and 1 bathroom with kitchen, dining, and living areas; Basement is divided with a private entry and laundry hook‑ups available on each side
