Ranch-Style Duplex with Private Basement
For Sale
Under Contract
$349,900
10350 Davisburg Road, Davisburg, MI 48350
MULTI_FAMILY - Ranch - Springfield Twp, MI
Property Size2,090 SF
Lot Size0.73 Acres
Price / SF$167.42
Days on Market22
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, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4, Basement
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
Active Under Contract
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
Ceiling Fan(s), Separate Meters, Attic Fan, Central Air
Water source
Well
Amenities
full basement
private entry
laundry hook-ups
patio
fenced area
oversized shed
whole-house generator
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: Aug 7
Last Checked: Aug 10 at 9:06AM
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 Davisburg one-story duplex is built in a ranch style and offers two units within approximately 2,090 square feet on a full basement. Each unit includes two bedrooms and one bathroom, along with a kitchen, dining room, and living room. The full basement is divided, with a private entry and laundry hook-ups available on each side.
Set on a 0.73-acre lot, the property includes a large shared backyard, a patio, a fenced area, and an oversized shed on one side. Exterior features include lighting, a private entry, and fencing.
Updates listed for the property include HVAC(s), water heater(s), windows, and a whole-house generator. Heating is forced air, and cooling includes central air along with attic fan and ceiling fan(s). The home is served by a well and a septic tank system, and features an asphalt roof. The duplex was built in 1972.
Set on a 0.73-acre lot, the property includes a large shared backyard, a patio, a fenced area, and an oversized shed on one side. Exterior features include lighting, a private entry, and fencing.
Updates listed for the property include HVAC(s), water heater(s), windows, and a whole-house generator. Heating is forced air, and cooling includes central air along with attic fan and ceiling fan(s). The home is served by a well and a septic tank system, and features an asphalt roof. The duplex was built in 1972.
Key Highlights
- Two units, each with two bedrooms and one bathroom, plus kitchen, dining, and living rooms
- Full basement divided with private entry and laundry hook‑ups on each side
- 0.73‑acre lot with large shared backyard, patio, fenced area, and oversized shed on one 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
13
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-unit ranch duplex with separate meters, central air, 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: Two units, each with two bedrooms and one bathroom, plus kitchen, dining, and living rooms; Full basement divided with private entry and laundry hook‑ups on each side; 0.73‑acre lot with large shared backyard, patio, fenced area, and oversized shed on one side
