3810 Tyler St, Detroit, MI 48238
Turnkey renovated three-unit property with fireplaces and multiple one-bedroom layouts in Detroit’s Buena Vista neighborhood.
- Added:
- Jun 3, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 6 at 3:32 am
Property Features for 3810 Tyler St
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1927
Listing agent Zaquay M Edwards License #6501400700 (248) 266-4808
Listing office Keller Williams Royal Oak (248) 266-4808
Listing date Jun 3, 2026
Source Elliman
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HighLights
- Three‑unit multifamily in Detroit’s Buena Vista neighborhood, built in 1927
- Lower unit features 3 bedrooms, 1 bathroom, a fireplace, and nearly 1,200 sq ft of living space
- Two upper 1‑bedroom/1‑bath units, including one with a private balcony and fireplace
- Upper unit includes a Murphy bed
- BikeScore 54, walkScore 55, and transitScore 48
Overview
Located in Detroit’s historic Buena Vista neighborhood, the property benefits from everyday walkability and bikeability, with BikeScore 54 and WalkScore 55, plus a TransitScore of 48. It is offered for sale as a turnkey opportunity for an investor or an owner-occupant seeking rental income.
For tenants, the unit mix supports flexible living arrangements, from a larger three-bedroom lower unit to two distinct one-bedroom layouts upstairs. For buyers, the configuration provides multiple rental options within one building and includes the standout amenities already present across units, including fireplaces in the lower unit and in one of the upper units, plus a private balcony on one upper layout. The seller’s remarks indicate the property has potential to generate up to $3,500 per month in rental income, subject to tenant occupancy and lease terms.
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 | $20.9k | $17.40 |
| − Vacancy | −$1.3k | −$1.07 |
| EGI | $19.6k | $16.33 |
| − OpEx | −$5.9k | −$4.90 |
| NOI | $13.7k | $11.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1321019
- Latitude
- 42.3878484
