2-Unit Duplex With
For Sale
$324,900
1645 TAYLOR St, Detroit, MI 48206
Recently gut-rehabbed 2-unit duplex with forced-air heating, separate gas/electric meters, and a covered porch plus balcony space.
Property Size2,668 SF
Days on Market12
Property Features for 1645 TAYLOR St
General Information
Standard status
Active
Size
2,668 SF
Total Parking Spaces
1
Property subtype
Investment
Additional Details
Multifamily Units
2
Building Details
Building Size
2,668 SF
Year Built
1916
Tenancy
Multi
Listing Agency:
REMAX LEADING EDGE
(313) 277-7777
Listed By:
Ryan E Kain · License #6501401697
(313) 277-7777
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 5 at 8:59AM
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 REMAX LEADING EDGE
Investment Insights
Based on property information with market context.
Located at 1645 TAYLOR St in Detroit, this 2-unit duplex has been fully gut-rehabbed and updated throughout. The homes feature white shaker cabinetry with butcher block countertops and stainless steel appliances, along with newly tiled bathrooms and updated fixtures. System and exterior improvements include all-new Romex wiring, a new 3D architectural shingle roof, new vinyl windows, and new PEX & PVC plumbing. Both units are heated with forced air and use electric on-demand water heaters, and the property includes beautifully refinished hardwood floors.
The second-floor unit includes an additional massive room on the third floor, suited for flexible use. Outdoor options include an expansive covered front porch and an upper unit balcony. A small 1-car garage is located out back off the alley.
Utilities are metered separately for gas and electric, while water is on a single meter. Walk/Bike/Transit scores are reported as 40/45/48 respectively, reflecting a car-dependent setting with some transit access.
The second-floor unit includes an additional massive room on the third floor, suited for flexible use. Outdoor options include an expansive covered front porch and an upper unit balcony. A small 1-car garage is located out back off the alley.
Utilities are metered separately for gas and electric, while water is on a single meter. Walk/Bike/Transit scores are reported as 40/45/48 respectively, reflecting a car-dependent setting with some transit access.
Key Highlights
- Recently gut‑rehabbed 2‑unit duplex built in 1916 with forced‑air heating
- Kitchens include white shaker cabinets, butcher block countertops, and a full suite of stainless steel appliances
- Bathrooms feature new tile, trendy fixtures, and a large double vanity
Financial Insights For Apartment 5plus
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 | $54.4k | $20.40 |
| − Vacancy | −$3.5k | −$1.33 |
| EGI | $50.9k | $19.07 |
| − OpEx | −$22.9k | −$8.58 |
| NOI | $28.0k | $10.49 |
2,668 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.6K
$381.1K – $508.2K
NOI $30,491 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$588.6K
$515.0K – $686.7K
NOI $41,200 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently gut-rehabbed 2-unit duplex with forced-air heating, separate gas/electric meters, and a covered porch plus balcony space.
Where is this duplex located?
The property is located at 1645 TAYLOR St Detroit, MI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Recently gut‑rehabbed 2‑unit duplex built in 1916 with forced‑air heating; Kitchens include white shaker cabinets, butcher block countertops, and a full suite of stainless steel appliances; Bathrooms feature new tile, trendy fixtures, and a large double vanity
