Duplex with Detached
For Sale
$259,900
11375 Moran St, Hamtramck, MI 48212
Well-maintained duplex with two 2-bedroom units, detached 2-car garage, and an unfinished attic with potential for expansion.
Property Size1,440 SF
Price / SF$180.49
Days on Market99
Property Features for 11375 Moran St
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Home Pride Realty
Listed By:
Kabir Ahmed
(313) 826-7029
Source:
Premiermichiganhomesearch
Added: Jul 11
Changed: Oct 3
Last Checked: Oct 7 at 5:12PM
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 Home Pride Realty
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Investment Insights
Based on property information with market context.
Well-maintained duplex property featuring two separate units, each with 2 bedrooms, a living and dining area, and a large kitchen. The home sits on a manicured lot and includes a detached 2-car garage. The lower unit is tenant-occupied on a month-to-month basis, while the upper unit is vacant and move-in ready.
At 11375 Moran St in Hamtramck, MI 48212, the property also offers additional flexibility with a large unfinished attic that presents the potential to be converted into a third unit, subject to municipal approvals. For the privacy of the occupants, the property should not be approached without a scheduled and confirmed appointment.
At 11375 Moran St in Hamtramck, MI 48212, the property also offers additional flexibility with a large unfinished attic that presents the potential to be converted into a third unit, subject to municipal approvals. For the privacy of the occupants, the property should not be approached without a scheduled and confirmed appointment.
Key Highlights
- 1930‑built duplex with two 2‑bedroom units, each featuring a living/dining area and large kitchen
- Detached 2‑car garage included
- Lower unit is tenant‑occupied on month‑to‑month terms; upper unit is vacant and move‑in ready
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,137
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,740
$282.7K
Cap Rate 7%
$201,957
$202.0K
Cap Rate 9%
$157,078
$157.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$21.6K $15.00/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$20.2K $14.03/SF
− OpEx
−$6.1K −$4.21/SF
NOI
$14.1K $9.82/SF
Area
Wayne County, MI
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,740
Cap Rate 7%
$201,957
Cap Rate 9%
$157,078
Alternative Uses
Best Use
Multifamily LT 5
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$185.5K
$162.3K – $216.4K
NOI $12,982 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$266.6K
$233.3K – $311.0K
NOI $18,662 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom units, detached 2-car garage, and an unfinished attic with potential for expansion.
Where is this duplex located?
The property is located at 11375 Moran St Hamtramck, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1930‑built duplex with two 2‑bedroom units, each featuring a living/dining area and large kitchen; Detached 2‑car garage included; Lower unit is tenant‑occupied on month‑to‑month terms; upper unit is vacant and move‑in ready
