Two-Unit
New
For Sale
$430,000
1470 Junction Street E, Plymouth, MI 48170
Multifamily, 1 Story, Plymouth, MI
Property Size1,700 SF
Lot Size0.15 Acres
Price / SF$252.94
Days on Market6
Property Features for 1470 Junction Street E
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Parking
4
Pets allowed
Call
Interior features
Laundry Facility
Exterior features
Fenced
Fencing
Fenced
Subdivision
Auburn Add To Plymouth Heights
Elementary school district
Plymouth Canton
Middle school district
Plymouth Canton
High school district
Plymouth Canton
Directions
Sheldon Rd North of Penniman to Junction East to address on North side of street
Standard status
Active
APN
49008020055000
Size
1,700 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
27B55 LOT 55 AND S 1/2 ADJ VAC ALLEY AUBURN ADDITION TO PLYMOUTH HEIGHTS TIS R8E L31 P58 WCR
Tax Annual Amount
9392
Legal Description
27B55 LOT 55 AND S 1/2 ADJ VAC ALLEY AUBURN ADDITION TO PLYMOUTH HEIGHTS TIS R8E L31 P58 WCR
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Amenities
storage shed
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Building materials
Aluminum
Architectural style
Ranch
Buildings
1
Listing Agency:
Preferred, Realtors(R) Ltd · Coldwell Banker Real Estate
(734) 459-6000
Listed By:
Nadia Alkateeb
(248) 310-3878
Added: Oct 20
Changed: Oct 24
Last Checked: Oct 25 at 5:06PM
MLS# 20261083801
Copyright © 2026 Realcomp Limited II. 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 1,700-square-foot duplex contains two residences, each arranged with two bedrooms and one full bathroom. Both units have a kitchen area, dining space, newer flooring, a private laundry room, and entrances at the front and rear. The building was constructed in 1979 and has aluminum exterior materials, forced-air heating, and window-unit cooling.
The property occupies a 0.15-acre parcel in Plymouth, near the Fuyao plant on Sheldon Road and an expressway. A recently paved driveway leads to fenced parking behind the building, and a shared storage shed is on site. Both residences are leased.
The property occupies a 0.15-acre parcel in Plymouth, near the Fuyao plant on Sheldon Road and an expressway. A recently paved driveway leads to fenced parking behind the building, and a shared storage shed is on site. Both residences are leased.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bath
- 1,700 square feet of building area
- 0.15‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,690
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,800
$333.8K
Cap Rate 7%
$238,429
$238.4K
Cap Rate 9%
$185,444
$185.4K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$25.5K $15.00/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$23.8K $14.03/SF
− OpEx
−$7.2K −$4.21/SF
NOI
$16.7K $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%
$333,800
Cap Rate 7%
$238,429
Cap Rate 9%
$185,444
Alternative Uses
Best Use
Multifamily LT 5
$238.4K
$208.6K – $278.2K
NOI $16,690 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$218.9K
$191.6K – $255.4K
NOI $15,325 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$314.7K
$275.4K – $367.2K
NOI $22,032 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 48170, MI
41,069
Population
18,184
Households
2.3
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
34.5 sq mi
ZIP Area
1,190
Density / Sq Mi
$109,442
Median Household Income
$68,920
Median Earnings
$1,114
Median Rent
$400,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a full bath, separate laundry, and front and rear entry doors.
Where is this duplex located?
The property is located at 1470 Junction Street E Plymouth, MI.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bath; 1,700 square feet of building area; 0.15‑acre parcel
