Updated Three-Unit
For Sale
$210,000
13181 Stoepel St, Detroit, MI 48238
Separate residences feature refreshed flooring, paint, plumbing components, and bathroom vanities.
Property Size2,600 SF
Price / SF$80.77
Days on Market19
Property Features for 13181 Stoepel St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Net Operating Income
$25,482
Property Condition
Severity
Repairs Needed
Evidence
Roof on the property needs to be redone
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA (700 sq ft), 1 x 1BR/1BA (600 sq ft)
Multifamily Units
3
Additional Details
Cap Rate
12.13%
Building Details
Year Built
1927
Listing Agency:
KW Grosse Pointe
Listed By:
Roland C Walker III
(586) 525-5138
Source:
Metrodetroithomeguide
Added: Aug 29
Changed: Sep 12
Last Checked: Sep 15 at 11:45AM
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 KW Grosse Pointe
Investment Insights
Based on property information with market context.
This three-unit residential income property includes a 1,300-square-foot, three-bedroom, one-bath residence alongside two one-bedroom, one-bath units measuring 700 and 600 square feet. Recent work includes new electrical panels, refreshed plumbing supply and drain lines, new carpet and laminate flooring, fresh paint, and updated vanities. The roof requires replacement, an important consideration for future ownership planning.
Located at 13181 Stoepel St in Detroit near the historic Russell Woods neighborhood, the property offers a mix of unit sizes within a single triplex. The reported unit configuration supports varied residential occupancy needs, while the completed interior and system updates provide a current improvement base for continued operation. The property carries a reported 12.13% cap rate and 30.40% cash-on-cash return, as provided in the listing information.
Located at 13181 Stoepel St in Detroit near the historic Russell Woods neighborhood, the property offers a mix of unit sizes within a single triplex. The reported unit configuration supports varied residential occupancy needs, while the completed interior and system updates provide a current improvement base for continued operation. The property carries a reported 12.13% cap rate and 30.40% cash-on-cash return, as provided in the listing information.
Key Highlights
- Three‑unit configuration with one 3‑bedroom residence and two 1‑bedroom units
- Unit sizes include 1,300 square feet, 700 square feet, and 600 square feet
- New electrical panels and updated plumbing supply and drain lines
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Separate residences feature refreshed flooring, paint, plumbing components, and bathroom vanities.
Where is this triplex located?
The property is located at 13181 Stoepel St Detroit, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom residence and two 1‑bedroom units; Unit sizes include 1,300 square feet, 700 square feet, and 600 square feet; New electrical panels and updated plumbing supply and drain lines
