Four-Unit Multifamily Investment
For Sale
$425,000
136 Batavia Street, River Rouge, MI 48218
Four units, one bedroom, one bath, garage, storage.
Property Size3,485 SF
Price / SF$121.95
Days on Market459
Property Features for 136 Batavia Street
General Information
Standard status
Active
Size
3,485 SF
Property subtype
Residential Income / Multi Family
Taxes and HOA fees
Annual Taxes
$6,061
Amenities
Forced Air, Natural Gas
true
Yes
Building Details
Year Built
1922
Buildings
1
Listing Agency:
Pellow Realty Group
Listed By:
Rebecca Kellar · License #6501313703
(586) 322-3975
Source:
Compass
Added: Jul 5, 2025
Changed: Oct 6
Last Checked: Oct 5 at 9:20PM
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 Pellow Realty Group
Investment Insights
Based on property information with market context.
This is a four-unit multifamily property suitable as an addition to an investment portfolio. Each unit features one bedroom and one bathroom. A two-car garage is included. The property also has four private, locked storage units located in the basement. The property is well-maintained and generates rental income with long-term tenants.
Key Highlights
- Steady rental income with long‑term tenants in place.
- Turn‑key, income‑producing asset.
- Desirable location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,214
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,280
$684.3K
Cap Rate 7%
$488,771
$488.8K
Cap Rate 9%
$380,156
$380.2K
Market Conditions
NOI Build-Up for 3,485 SF
Gross rent
$52.3K $15.00/SF
− Vacancy
−$3.4K −$0.98/SF
EGI
$48.9K $14.03/SF
− OpEx
−$14.7K −$4.21/SF
NOI
$34.2K $9.82/SF
Area
Wayne County, MI
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,280
Cap Rate 7%
$488,771
Cap Rate 9%
$380,156
Alternative Uses
Best Use
Multifamily LT 5
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,417 @ 7.0% cap · market cap 7.39%
Theoretical Best
Specialty Retail
$645.2K
$564.6K – $752.8K
NOI $45,166 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 48218, MI
7,271
Population
3,466
Households
2.1
Avg Household Size
34
Median Age
7%
College-Educated
78%
High-School Grad
2.2 sq mi
ZIP Area
3,305
Density / Sq Mi
$32,683
Median Household Income
$32,246
Median Earnings
$759
Median Rent
$56,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units, one bedroom, one bath, garage, storage.
Where is this quadplex located?
The property is located at 136 Batavia Street River Rouge, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Steady rental income with long‑term tenants in place.; Turn‑key, income‑producing asset.; Desirable location.
