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Spacious Two-Family Home in Grosse Pointe

905 907 HARCOURT Road Grosse Pointe, MI 48230

905 907 HARCOURT Road, Grosse Pointe, MI, 48230
$535,000
For Sale
Claim this Listing
$535,000

Large, well-maintained two-family home in desirable Windmill Pointe location.

Property Size3,712 SF
Price / SF$144.13
AddedApr 2, 2025
Days on Market471
Last RefreshJul 15 at 12:50 am

Property Features for 905 907 HARCOURT Road

General Information

Standard status
Active
Size
3,712 SF
Property subtype
Multi Family

Building Details

Year Built
1960

Listing office Real Estate One Grosse Pointe

Listing date Apr 2, 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 Real Estate One Grosse Pointe


Investment Insights

Based on property information with market context.

This large two-family home, offering almost 4,000 square feet of living space, is situated in a desirable Windmill Pointe location. The property features large, spacious rooms and is conveniently located near parks, the library, and offers an easy commute to downtown. The kitchens have been updated, and the property has been meticulously maintained. The lower unit includes hardwood floors, a living room, a dining room, a family room with a natural fireplace, two bedrooms, two bathrooms, in-unit laundry, plus a bonus room or office that is unheated. The upper unit features a similar layout, with three bedrooms, no dining room, and no in-unit laundry. Both units have separate basements and utilities. The property also features a newer roof and mechanicals, including furnaces and a hot water heater. The lower unit could be converted to a three-bedroom configuration. The tenants are currently on a month-to-month lease. The property shows well.

Key Highlights

  • Large two‑family property (almost 4,000 SF) in desirable Windmill Pointe location.
  • Meticulously maintained with newer roof and mechanicals.
  • Lower unit features hardwood floors, living room, family room with fireplace, 2 bedrooms, 2 baths, in‑unit laundry, bonus room/office.

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 $55.7k $15.00
− Vacancy −$3.6k −$0.98
EGI $52.1k $14.03
− OpEx −$15.6k −$4.21
NOI $36.4k $9.82
3,712 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$520.6K
$455.5K – $607.4K (±1% cap)
NOI $36,443 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$478.0K
$418.3K – $557.7K (±1% cap)
NOI $33,463 @ 7.0% cap · market cap 6.25%
Theoretical Best
Specialty Retail
$687.3K
$601.4K – $801.8K (±1% cap)
NOI $48,108 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Electrical Service Grocery & Convenience Store Big Box & Wholesale Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Furniture & Home Goods Auto Parts Store HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Large, well-maintained two-family home in desirable Windmill Pointe location.
Where is this duplex located?
The property is located at 905 907 HARCOURT Road Grosse Pointe, MI.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Large two‑family property (almost 4,000 SF) in desirable Windmill Pointe location.; Meticulously maintained with newer roof and mechanicals.; Lower unit features hardwood floors, living room, family room with fireplace, 2 bedrooms, 2 baths, in‑unit laundry, bonus room/office.
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