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Renovated North End Detroit Duplex

647 E BETHUNE Street, Detroit, MI 48202

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For Sale

$365,000

Updated duplex in Detroit's North End, ideal for owner-occupancy.

Type:Multi Family

Property size:

2,685 SF

Price / SF:

$135/SF

HighLights

Fully renovated duplex (2018 comprehensive renovation; 2022 upper unit finish) minimizing maintenance.
Spacious units: 3 bed/2 bath upper, 2 bed/1 bath lower, each with private entrances.
Currently leased, offering immediate rental income potential.
Prime location: Blocks from Woodward, Grand Blvd, Q‑Line, and popular restaurants.
Full basement with laundry facilities for added tenant convenience.
NEZ‑Homestead eligible in a rapidly appreciating area.

We can help!

Listing Contact

Robert J Herzog

Learn more

For Sale

$365,000

Updated duplex in Detroit's North End, ideal for owner-occupancy.

Type:Multi Family

Property size:

2,685 SF

Price / SF:

$135/SF

Added:: May 3, 2025
Days on Market:: 408
Last Refresh:: May 28 at 11:43 pm

Property Features for 647 E BETHUNE Street

General Information

Standard status: Active
Size: 2,685 SF
Property subtype: Multi Family

Building Details

Year Built: 1912

We can help!

Listing Contact

Robert J Herzog

Listing agent Robert J Herzog License #6501377597

Listing office REALTEAM Real Estate

Listing date May 3, 2025

Source Exitrealty

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 REALTEAM Real Estate

HighLights

Fully renovated duplex (2018 comprehensive renovation; 2022 upper unit finish) minimizing maintenance.
Spacious units: 3 bed/2 bath upper, 2 bed/1 bath lower, each with private entrances.
Currently leased, offering immediate rental income potential.
Prime location: Blocks from Woodward, Grand Blvd, Q‑Line, and popular restaurants.
Full basement with laundry facilities for added tenant convenience.
NEZ‑Homestead eligible in a rapidly appreciating area.

Overview

This fully renovated duplex, located in Detroit's North End, offers 2,658 square feet of space. Suited for either owner-occupancy or rental income, the property features a 3-bedroom, 2-bathroom upper unit, finished in 2022 with modern touches, and a 2-bedroom, 1-bathroom lower unit, each with separate entrances. Comprehensive renovations in 2018 included upgrades to the electrical, plumbing, and cosmetic elements. Both units include bright living spaces, updated kitchens, and modern bathrooms. A full basement with laundry facilities provides additional utility space. Both units are currently leased. The property is located blocks from Woodward, Grand Blvd, the Q-Line, and restaurants such as Oak & Reel, Baobab Fare, and Supino's, and is minutes from Midtown, Wayne State, New Center, and Henry Ford Hospital. The property is NEZ-Homestead eligible.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$46.7k	$17.40
− Vacancy	−$2.9k	−$1.07
EGI	$43.8k	$16.33
− OpEx	−$13.2k	−$4.90
NOI	$30.7k	$11.43

2,685 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$438.4K

$383.6K – $511.4K (±1% cap)

NOI $30,686 @ 7.0% cap · market cap 8.41%

Second Best

Apartment 5plus

$402.4K

$352.1K – $469.5K (±1% cap)

NOI $28,168 @ 7.0% cap · market cap 7.72%

Theoretical Best

Office A

$592.3K

$518.3K – $691.1K (±1% cap)

NOI $41,463 @ 7.0% cap · market cap 11.36%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -83.066475
Latitude: 42.37567

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For sale
Duplexes
MI
Detroit
48202
647 E BETHUNE Street

What type of property is this?

Duplex - Updated duplex in Detroit's North End, ideal for owner-occupancy.

Where is this duplex located?

The property is located at 647 E BETHUNE Street Detroit, MI.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: Fully renovated duplex (2018 comprehensive renovation; 2022 upper unit finish) minimizing maintenance.; Spacious units: 3 bed/2 bath upper, 2 bed/1 bath lower, each with private entrances.; Currently leased, offering immediate rental income potential.