Two-Unit
New
For Sale
$199,900
1417 Euclid St, Lincoln Park, MI 48146
One apartment is vacant and the second is occupied, offering a choice of living in one unit or leasing both.
Property Size1,635 SF
Days on Market2
Property Features for 1417 Euclid St
General Information
Standard status
Active
Size
1,635 SF
Property subtype
Investment
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,976
Building Details
Building Size
1,635 SF
Year Built
1955
Units
2
Listed By:
Sterling Jackson
(248) 971-1222
Source:
Elliman
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:30AM
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 Sterling Jackson
Investment Insights
Based on property information with market context.
Built in 1955, this duplex at 1417 Euclid St in Lincoln Park contains two one-bedroom, one-bathroom apartments with spacious rooms and functional layouts. One unit is vacant; the other is occupied. The vacant apartment can accommodate an owner or a new tenant, while the existing occupancy provides a separate leasing option.
The property is near downtown Lincoln Park, with shopping, dining, parks, schools, public transportation, and major roads in the surrounding area. Its Walk Score is 67 (Somewhat Walkable), and its bikeScore is 43 (Somewhat Bikeable).
The property is near downtown Lincoln Park, with shopping, dining, parks, schools, public transportation, and major roads in the surrounding area. Its Walk Score is 67 (Somewhat Walkable), and its bikeScore is 43 (Somewhat Bikeable).
Key Highlights
- Two one‑bedroom, one‑bathroom units
- One unit is vacant; the second is occupied
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,052
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,040
$321.0K
Cap Rate 7%
$229,314
$229.3K
Cap Rate 9%
$178,356
$178.4K
Market Conditions
NOI Build-Up for 1,635 SF
Gross rent
$24.5K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$22.9K $14.03/SF
− OpEx
−$6.9K −$4.21/SF
NOI
$16.1K $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%
$321,040
Cap Rate 7%
$229,314
Cap Rate 9%
$178,356
Alternative Uses
Best Use
Multifamily LT 5
$229.3K
$200.7K – $267.5K
NOI $16,052 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$210.6K
$184.2K – $245.7K
NOI $14,739 @ 7.0% cap · market cap 7.37%
Theoretical Best
Specialty Retail
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - One apartment is vacant and the second is occupied, offering a choice of living in one unit or leasing both.
Where is this duplex located?
The property is located at 1417 Euclid St Lincoln Park, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units; One unit is vacant; the second is occupied; Built in 1955
