13500 Fenelon St, Detroit, MI 48212
Renovated 2-unit property with strong rental potential.
- Added:
- Mar 24, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 19 at 9:38 am
Property Features for 13500 Fenelon St
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.09 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1923
Listing office (833) 264-6832
Listing date Mar 24, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Emran Hussain
HighLights
- Fully renovated, move‑in ready 2‑unit multifamily property.
- Prime location in Hamtramck/Detroit, next to a park.
- Two spacious units, each with 4 bedrooms and 1 full bathroom (8 bedrooms, 2 bathrooms total).
- Over 2,000 square feet of living space.
- Strong rental potential in a high‑demand area near amenities and freeways.
- Ideal for investors or owner‑occupants (house‑hacking).
Overview
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 | $34.8k | $17.40 |
| − Vacancy | −$2.1k | −$1.07 |
| EGI | $32.7k | $16.33 |
| − OpEx | −$9.8k | −$4.90 |
| NOI | $22.9k | $11.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0525094
- Latitude
- 42.4167112
