Duplex with Updated
14220 W 9 Mile Rd, Oak Park, MI 48237
For Sale
New
$375,000
Both residences are occupied and include private driveways and backyard space.
Property Size2,092 SF
Days on Market5
Property Features for 14220 W 9 Mile Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listed By:
Laura Garcia
(313) 618-5138
Source:
Elliman
Added: Nov 6
Last Checked: Nov 8 at 6:48AM
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 Laura Garcia
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Investment Insights
Based on property information with market context.
This duplex, built in 1957, contains two occupied residences. Each has two bedrooms, one-and-a-half bathrooms, and a functional layout; both have received substantial updates. Separate driveways provide off-street parking for each unit, and each residence has backyard space.
The property is on W 9 Mile Rd in Oak Park, with access to major roads, shopping, dining, and everyday amenities. Its walk score is 51 and its bike score is 42.
The property is on W 9 Mile Rd in Oak Park, with access to major roads, shopping, dining, and everyday amenities. Its walk score is 51 and its bike score is 42.
Key Highlights
- Two occupied units, each with 2 bedrooms and 1.5 bathrooms
- Both units have been largely updated
- Separate driveways provide off‑street parking for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,690
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,800
$553.8K
Cap Rate 7%
$395,571
$395.6K
Cap Rate 9%
$307,667
$307.7K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$41.4K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$39.6K $18.91/SF
− OpEx
−$11.9K −$5.67/SF
NOI
$27.7K $13.24/SF
Area
Oakland County, MI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,800
Cap Rate 7%
$395,571
Cap Rate 9%
$307,667
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.1K – $461.5K
NOI $27,690 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 6.84%
Theoretical Best
Specialty Retail
$451.2K
$394.8K – $526.4K
NOI $31,586 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
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Business Placement
Demographics for 48237, MI
29,560
Population
13,036
Households
2.3
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
5,796
Density / Sq Mi
$65,882
Median Household Income
$44,992
Median Earnings
$1,354
Median Rent
$198,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oakland County, MI
Properties on Market for Duplexes in Oakland County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include private driveways and backyard space.
Where is this duplex located?
The property is located at 14220 W 9 Mile Rd Oak Park, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two occupied units, each with 2 bedrooms and 1.5 bathrooms; Both units have been largely updated; Separate driveways provide off‑street parking for each residence
