Two-Unit Duplex with
New
For Sale
$329,000
1445 Lakepointe Street, Grosse Pointe Park, MI 48230
MULTIFAMILY, Grosse Pointe Park, MI
Property Size1,789 SF
Lot Size0.11 Acres
Price / SF$183.90
Days on Market4
Property Features for 1445 Lakepointe Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family, Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3
Interior features
Hardwood Floors
Exterior features
Fenced Yard, Sidewalks, Street Lights
Fencing
Fenced
Appliances
Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Subdivision
Lake Pointe Heights Sub
Elementary school
Defer Elementary
Middle school
Pierce Middle School
High school
Grosse Pointe South
Elementary school district
Grosse Pointe Public Schools
Middle school district
Grosse Pointe Public Schools
High school district
Grosse Pointe Public Schools
Standard status
Active
APN
39-007-06-0082-000
Size
1,789 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9883
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1924
Floors in Building
2
Number of units
2
Listing Agency:
Sine & Monaghan LLC
(313) 884-7000
Listed By:
Charlene Williams
(313) 600-4019
Added: Oct 16
Last Checked: Oct 19 at 9:06PM
MLS# 50225192
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1924 duplex contains 1,789 square feet across two residences. The first-floor unit has two bedrooms, one full bathroom, a dining room, hardwood floors, and a refreshed kitchen and bathroom. The upper unit includes one bedroom, one full bathroom, a living area, a separate dining room, and hardwood flooring. A rear mudroom serves the upper unit, while a front porch and fenced backyard add outdoor space. The property also includes a two-car garage, with garage space allocated separately to each unit.
At 1445 Lakepointe Street in Grosse Pointe Park, the property is one block from dining and neighborhood businesses along Charlevoix and a few blocks from the West Park shopping and entertainment district. Elementary and middle schools are nearby, and downtown Detroit is approximately 15 minutes away. Residents have access to city parks with waterfront and marina facilities, pools, fitness amenities, and courts.
At 1445 Lakepointe Street in Grosse Pointe Park, the property is one block from dining and neighborhood businesses along Charlevoix and a few blocks from the West Park shopping and entertainment district. Elementary and middle schools are nearby, and downtown Detroit is approximately 15 minutes away. Residents have access to city parks with waterfront and marina facilities, pools, fitness amenities, and courts.
Key Highlights
- Two residences: a two‑bedroom, one‑bath unit and a one‑bedroom, one‑bath unit
- 1,789 square feet on a 0.11‑acre lot
- Built in 1924
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer a two-bedroom lower unit and a one-bedroom upper unit, each with its own dining area.
Where is this duplex located?
The property is located at 1445 Lakepointe Street 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 residences: a two‑bedroom, one‑bath unit and a one‑bedroom, one‑bath unit; 1,789 square feet on a 0.11‑acre lot; Built in 1924
