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Recently Renovated Duplex

3974 Devonshire Rd Detroit, MI 48224

New

3974 Devonshire Rd, Detroit, MI, 48224

$200,000

For Sale

$200,000

Two-bedroom duplex with renovated interiors, fireplaces, separate dining rooms, and a detached garage.

Property Size1,600 SF

Price / SF$125

AddedJul 11

Days on Market5

Last RefreshJul 12 at 1:59 am

Property Features for 3974 Devonshire Rd

General Information

Standard status: Active
Size: 1,600 SF
Property subtype: Investment

Building Details

Year Built: 1928

Listing office Metropolitan Gems

Listing date Jul 11, 2026

Source Elliman

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 Metropolitan Gems

Investment Insights

Based on property information with market context.

This recently renovated duplex features two separate residential units. Each unit offers two bedrooms, one full bathroom, and includes a bright living room with a fireplace and a separate dining room. Updates include new hardwood floors, modern kitchens with new cabinets and countertops, and renovated bathrooms with new tile finishes, creating a move-in-ready interior.

The property includes a detached garage, providing parking and additional storage space for residents.

One unit is currently leased, while the second unit is available for an owner-occupant or a new tenant.

Key Highlights

Recently renovated duplex built in 1928 with 2 units and about 800 SF of living space per unit
Each unit offers 2 bedrooms and 1 full bathroom, plus a bright living room with a fireplace and a separate dining room
Updates include new hardwood floors, modern kitchens with new cabinets and countertops, and renovated bathrooms with new tile finishes

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$24.0k	$15.00
− Vacancy	−$1.5k	−$0.93
EGI	$22.5k	$14.07
− OpEx	−$6.8k	−$4.22
NOI	$15.8k	$9.85

1,600 SF · lease $15.00/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$225.2K

$197.0K – $262.7K (±1% cap)

NOI $15,763 @ 7.0% cap · market cap 7.88%

Second Best

Apartment 5plus

$207.3K

$181.4K – $241.9K (±1% cap)

NOI $14,514 @ 7.0% cap · market cap 7.26%

Theoretical Best

Office A

$403.6K

$353.1K – $470.8K (±1% cap)

NOI $28,250 @ 7.0% cap · market cap 14.12%

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

Property Analytics

Location Intelligence

Current Use by Public Records

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For sale
Duplexes
MI
Detroit
48224
3974 Devonshire Rd

What type of property is this?

Duplex - Two-bedroom duplex with renovated interiors, fireplaces, separate dining rooms, and a detached garage.

Where is this duplex located?

The property is located at 3974 Devonshire Rd Detroit, MI.

What is the asking price?

The asking price for this property is $200,000.

What are key features of this property?

This property features: Recently renovated duplex built in 1928 with 2 units and about 800 SF of living space per unit; Each unit offers 2 bedrooms and 1 full bathroom, plus a bright living room with a fireplace and a separate dining room; Updates include new hardwood floors, modern kitchens with new cabinets and countertops, and renovated bathrooms with new tile finishes