8-Unit Apartment
New
For Sale
$480,000
11744 Cascade Street, Detroit, MI 48204
Multifamily, 3 Story, Detroit, MI
Property Size3,370 SF
Lot Size0.07 Acres
Price / SF$142.43
Days on Market2
Property Features for 11744 Cascade Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 4, Bedroom 5, Bedroom 3, Bathroom 5, Bathroom 7, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 8, Basement, Bathroom 2, Bedroom 7, Bathroom 3, Bathroom 8, Bathroom 1, Bedroom 4, Bathroom 6
Pets allowed
Call
Subdivision
Mc Quades Heights
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
SOUTH OF ELMHURST ST & WEST OF BROADSTREET AVE
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
Legal 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
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 Agency:
REMAX City Centre · RE/MAX International
(313) 528-3002
Listed By:
Angie Sierra
(734) 740-5534
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 4:06PM
MLS# 20261077730
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 8-unit apartment building contains eight one-bedroom residences within 3,370 square feet. Built in 1930, the brick property has forced-air heating and public water and sewer. The lot measures 0.07 acres, and the zoning is Multi-Family.
Key Highlights
- Eight one‑bedroom units
- 3,370 square feet in a brick building
- 0.07‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,354
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,080
$707.1K
Cap Rate 7%
$505,057
$505.1K
Cap Rate 9%
$392,822
$392.8K
Market Conditions
NOI Build-Up for 3,370 SF
Gross rent
$68.7K $20.40/SF
− Vacancy
−$4.5K −$1.33/SF
EGI
$64.3K $19.07/SF
− OpEx
−$28.9K −$8.58/SF
NOI
$35.4K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,080
Cap Rate 7%
$505,057
Cap Rate 9%
$392,822
Alternative Uses
Best Use
Apartment 5plus
$505.1K
$441.9K – $589.2K
NOI $35,354 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$743.4K
$650.5K – $867.3K
NOI $52,040 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom apartments in a brick building with forced-air heat and public water and sewer.
Where is this apartment building located?
The property is located at 11744 Cascade Street Detroit, MI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Eight one‑bedroom units; 3,370 square feet in a brick building; 0.07‑acre lot
