1163-1165 Maryland Street, Grosse Pointe Park, MI 48230
MULTI_FAMILY - Grosse Pointe Park, MI
- Added:
- Jun 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 1163-1165 Maryland Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
- Fireplace
- 1
- Standard status
- Active
- APN
- 39008050007000
- Size
- 2,083 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5237
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1918
- Floors in Building
- 2
- Number of units
- 2
Listing agent Miles Knight License #6501420542 (313) 207-2576
Listing office Sine & Monaghan LLC 18412 Mack Ave, Grosse Pointe Farms, MI (313) 884-7000
Listing date Jun 9, 2026
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex built in 1918 featuring two units, each with 2 bedrooms and 1 full bathroom
- Forced‑air heating and a fireplace are included
- Hardwood floors throughout the units
- Separate basement spaces for each unit with dedicated laundry areas and private storage
- Detached 2‑car garage for parking
- Stamped concrete patio in the backyard; public water source
Overview
Located in Grosse Pointe Park at 1163-1165 Maryland Street, the property is described as being within walking distance to shops, restaurants, and cafes along Kercheval and Charlevoix. The public remarks also note convenience to an elementary school and a middle school nearby.
For tenants or owner-occupants, the layout supports flexible living arrangements by providing two full residential units with separate basement areas and dedicated laundry. The detached garage and patio add practicality for everyday use, while the two-unit configuration can suit buyers looking for either a rental income setup or a residence paired with an additional unit.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $15.00 |
| − Vacancy | −$2.0k | −$0.98 |
| EGI | $29.2k | $14.03 |
| − OpEx | −$8.8k | −$4.21 |
| NOI | $20.4k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grosse Pointe Park
- County
- Wayne
- State
- Michigan
- Longitude
- -82.941168
- Latitude
- 42.380484
