Spacious Two-Family Home in Grosse
905 907 HARCOURT Road, Grosse Pointe, MI 48230
Large, well-maintained two-family home in desirable Windmill Pointe location.
Type:Multi Family
Property size:
3,712 SFPrice / SF:
$144/SF- Added:
- Apr 2, 2025
- Days on Market:
- 424
- Last Refresh:
- May 28 at 7:58 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 agent Rand T Sobczak License #6501310516 (313) 595-1219
Listing office Real Estate One Grosse Pointe (313) 595-1219
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
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.
- Separate basements and utilities for both units.
- Convenient location to parks, library, and downtown commute.
- Lower unit could be converted to a three‑bedroom layout.
Overview
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.
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
NOI $36,443 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$478.0K
$418.3K – $557.7K
NOI $33,463 @ 7.0% cap · market cap 6.25%
Theoretical Best
Specialty Retail
$687.3K
$601.4K – $801.8K
NOI $48,108 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Grosse Pointe
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9229
- Latitude
- 42.3833
Nearby Similar for Sale
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.
