Duplex with Two-Car
For Sale
$329,000
1445 Lakepointe St, Grosse Pointe Park, MI 48230
Two residential units offer distinct layouts, separate garage space, and a refreshed kitchen and bath in the first-floor residence.
Property Size1,789 SF
Price / SF$183.90
Days on Market20
Property Features for 1445 Lakepointe St
General Information
Standard status
Active
Size
1,789 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1924
Buildings
1
Listing Agency:
Sine & Monaghan LLC
Listed By:
Charlene Williams
(313) 600-4019
Source:
Vmrealestatemichigan
Added: Oct 12
Changed: Oct 25
Last Checked: Oct 30 at 2:18PM
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 Sine & Monaghan LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1924, this 1,789-square-foot duplex contains two separate residences. The first-floor unit has two bedrooms, one full bath, a dining room, hardwood floors, updated lighting, and refreshed kitchen and bath finishes. The second-floor residence includes one bedroom, one full bath, a living area, dining room, and hardwood floors; access is from the rear of the home. A rear mudroom, front porch, deep backyard, and two-car garage complete the property, with garage space provided for each unit.
The home is one block from restaurants and neighborhood businesses along Charlevoix and a few blocks from West Park’s shopping and dining district. Nearby amenities include elementary and middle schools. Downtown Detroit is approximately 15 minutes away. Grosse Pointe Park residents have access to two resident-only parks with waterfront and marina access, pools, fitness facilities, movie theaters, tennis, pickleball, volleyball, splash pads, and ice skating.
The home is one block from restaurants and neighborhood businesses along Charlevoix and a few blocks from West Park’s shopping and dining district. Nearby amenities include elementary and middle schools. Downtown Detroit is approximately 15 minutes away. Grosse Pointe Park residents have access to two resident-only parks with waterfront and marina access, pools, fitness facilities, movie theaters, tennis, pickleball, volleyball, splash pads, and ice skating.
Key Highlights
- Two‑unit duplex with 1,789 square feet
- First‑floor unit has two bedrooms, one full bath, dining room, hardwood floors, and refreshed kitchen and bath
- Second‑floor unit includes one bedroom, one full bath, living area, and separate dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,564
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,280
$351.3K
Cap Rate 7%
$250,914
$250.9K
Cap Rate 9%
$195,156
$195.2K
Market Conditions
NOI Build-Up for 1,789 SF
Gross rent
$26.8K $15.00/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$25.1K $14.03/SF
− OpEx
−$7.5K −$4.21/SF
NOI
$17.6K $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%
$351,280
Cap Rate 7%
$250,914
Cap Rate 9%
$195,156
Alternative Uses
Best Use
Multifamily LT 5
$250.9K
$219.6K – $292.7K
NOI $17,564 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$230.4K
$201.6K – $268.8K
NOI $16,128 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$331.2K
$289.8K – $386.4K
NOI $23,185 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 48230, MI
17,559
Population
7,369
Households
2.4
Avg Household Size
42
Median Age
73%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
5,321
Density / Sq Mi
$131,155
Median Household Income
$65,716
Median Earnings
$1,451
Median Rent
$448,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, separate garage space, and a refreshed kitchen and bath in the first-floor residence.
Where is this duplex located?
The property is located at 1445 Lakepointe St Grosse Pointe Park, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,789 square feet; First‑floor unit has two bedrooms, one full bath, dining room, hardwood floors, and refreshed kitchen and bath; Second‑floor unit includes one bedroom, one full bath, living area, and separate dining room
