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Duplex with Vacant Upper Unit
For Sale
$84,900

14150 Fairmount Dr, Detroit, MI 48205

Two-unit duplex with a tenant-occupied lower unit and a vacant upper unit, both featuring living rooms and kitchens.

Property Size1,798 SF
Price / SF$47.22
Days on Market113

Property Features for 14150 Fairmount Dr

General Information

Standard status Active
Size 1,798 SF
Property subtype Multi-Family

Site & Location

Neighborhood Mohican Regent

Additional Details

Multifamily Units 2

Building Details

Year Built 1940
Tenancy Multi
Listing Agency: Detroit Investment Company
Listed By: Mark Hutter · License #6502372594
Source: Premiermichiganhomesearch
Added: Jul 9 Changed: Oct 25 Last Checked: Oct 7 at 4:02PM

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 Detroit Investment Company

Rey
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Investment Insights

Based on property information with market context.

This duplex offers two separate units, each with a spacious living room and a large kitchen, plus a shared unfinished basement. The lower unit is currently tenant occupied, with stated monthly rent of $850 and a security deposit of $850, and the tenant is under a lease from 6/9/26 through 6/8/27. The upper unit is currently vacant, and showings should focus on that unit while respecting the current tenant.

The property is located north of E State Fair St and west of Gratiot Ave. Please note the home is sold as-is, dimensions are estimated and should be verified, and all showings require a licensed agent to be present.

The listing also specifies that the buyer will pay a Detroit Investment Co $295 processing fee at closing, and to please do not disturb the lower tenant when viewing the upper unit.

Key Highlights

  • Two‑unit duplex built in 1940 with separate lower and upper units
  • Lower unit is tenant occupied with $850/month rent and a $850 security deposit
  • Lower unit tenant lease runs 6/9/26 to 6/8/27

Property Analytics

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Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

510
Businesses Nearby

Demographics for 48205, MI

34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit duplex with a tenant-occupied lower unit and a vacant upper unit, both featuring living rooms and kitchens.
Where is this duplex located?
The property is located at 14150 Fairmount Dr Detroit, MI.
What is the asking price?
The asking price for this property is $84,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1940 with separate lower and upper units; Lower unit is tenant occupied with $850/month rent and a $850 security deposit; Lower unit tenant lease runs 6/9/26 to 6/8/27
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