11744 Cascade Street, Detroit, MI 48204
MULTI_FAMILY - Detroit, MI
- Added:
- Jun 12, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 16 at 1:06 am
Property Features for 11744 Cascade Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 8, Bedroom 1, Bedroom 2, Bathroom 5, Bathroom 6, Bathroom 4, Bedroom 5, Bathroom 7, Bedroom 4, Basement
- Pets allowed
- Call
- Standard status
- Active
- APN
- W14I004125S002L
- Size
- 3,370 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- S ELMHURST S 60.2 FT 5 W 5 FT OF S 60.2 FT & E 18 FT OF S 59.2 FT 4 W 5 FT OF S 59.2 FT 3MC QUADE HEIGHTS SUB L31 P6 PLATS, W C R 14/180 51 IRREG
- Tax Annual Amount
- 13986
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 8
- Building materials
- Brick
- Architectural style
- Other
Listing agent Paris Laurent (313) 277-7777
Listing office RE/MAX Leading Edge 25050 Ford Road, Dearborn Heights, MI (313) 277-7777
Listing date Jun 12, 2026
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.
HighLights
- Eight 1‑bedroom units
- Built in 1930 with brick construction
- Forced air heating; public water and sewer
- Projected gross income: $76,800/year at $800/month per unit (per public remarks)
- Potential cap rate exceeding 9% at list price (per public remarks)
- Cash or conventional financing only; do not disturb tenants
Overview
The property is located in Detroit’s 48204 area and is described as being ideally positioned near Wayne State University, the Detroit Medical Center, and Midtown. The remarks also note proximity to Downtown Detroit, major freeways, and local restaurants and amenities.
For investors or owner-operators seeking a small residential income asset, the unit mix is straightforward, with all apartments described as 1-bedroom. The seller’s remarks provide a projected gross income of $76,800 per year at market rents, with a potential cap rate exceeding 9% at list price. Zoning is listed as Multi-Family. Please do not disturb tenants.
Local Financial Insights For Apartment 5plus
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 | $68.7k | $20.40 |
| − Vacancy | −$4.5k | −$1.33 |
| EGI | $64.3k | $19.07 |
| − OpEx | −$28.9k | −$8.58 |
| NOI | $35.4k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.133896
- Latitude
- 42.377197
