Renovated Duplex with Private
14926 E 10 Mile Rd, Warren, MI 48089
For Sale
$349,900
Fully renovated duplex with separate utilities, laundry, kitchens, and bathrooms for each unit.
Property Size2,106 SF
Days on Market53
Property Features for 14926 E 10 Mile Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
outdoor patio
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
GHK of Michigan Inc
Listed By:
Matthew Cervone
(586) 532-0500
Source:
Elliman
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 6 at 9:32AM
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 GHK of Michigan Inc
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Investment Insights
Based on property information with market context.
This 1942-built duplex in Warren, Michigan, has two self-contained residences with private entrances, separate driveways, and no shared common space. Each unit includes its own kitchen, bathroom, in-unit laundry, and electric meter. The lower residence is approximately 1300sqft with 3 bedrooms, 1 bathroom, a formal dining area, and a spacious living room. The upper residence is approximately 800sqft with 2 bedrooms and 1 bathroom, including a primary bedroom with a walk-in closet.
The property has been operated as a short-term rental since 2022 and has also been positioned for long-term rental use or owner occupancy. Recent improvements include kitchens and bathrooms, plumbing and electrical systems, and flooring updated in 2021; a new furnace and AC and new siding in 2021; and a new roof, outdoor patio, and stairs in 2023. Furnishings are negotiable.
The property has been operated as a short-term rental since 2022 and has also been positioned for long-term rental use or owner occupancy. Recent improvements include kitchens and bathrooms, plumbing and electrical systems, and flooring updated in 2021; a new furnace and AC and new siding in 2021; and a new roof, outdoor patio, and stairs in 2023. Furnishings are negotiable.
Key Highlights
- Two‑unit duplex with separate driveways, private entrances, and no shared common space
- Lower unit: approximately 1300sqft with 3 bedrooms and 1 bathroom
- Upper unit: approximately 800sqft with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,676
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,520
$413.5K
Cap Rate 7%
$295,371
$295.4K
Cap Rate 9%
$229,733
$229.7K
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$31.6K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.5K $14.03/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$20.7K $9.82/SF
Area
Warren, 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%
$413,520
Cap Rate 7%
$295,371
Cap Rate 9%
$229,733
Alternative Uses
Best Use
Multifamily LT 5
$295.4K
$258.5K – $344.6K
NOI $20,676 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$275.0K
$240.6K – $320.8K
NOI $19,247 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$464.6K
$406.5K – $542.0K
NOI $32,521 @ 7.0% cap · market cap 9.29%
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
295
Businesses Nearby
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Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Macomb County, MI
Properties on Market for Duplexes in Macomb County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with separate utilities, laundry, kitchens, and bathrooms for each unit.
Where is this duplex located?
The property is located at 14926 E 10 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex with separate driveways, private entrances, and no shared common space; Lower unit: approximately 1300sqft with 3 bedrooms and 1 bathroom; Upper unit: approximately 800sqft with 2 bedrooms and 1 bathroom
