155 Dickenson Street, Romeo, MI 48065
MULTI_FAMILY - Other - Romeo Vlg, MI
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 6:06 am
Property Features for 155 Dickenson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2
- Standard status
- Active
- APN
- 0135377008
- Size
- 1,912 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- T5N R12E SEC 35 MUSSEYS ADDITION LOT 13 VILLAGE OF ROMEO MANATRON #: 043-640-013-00
- Tax Annual Amount
- 7165
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl
- Architectural style
- Other
Listing agent Joseph Hammel License #6501422602 (248) 649-7200
Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI (248) 649-7200
Listing date Jun 25, 2026
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.
HighLights
- Duplex with two 2‑bedroom units in Romeo
- One unit leased at $1,400/month through February 2027; second unit currently vacant
- Each unit includes private laundry and separate utilities
- Large private storage space on the property with access for both units
- Central air and forced‑air heating; vinyl construction
- Built in 1870; serviced by public water
Overview
Located at 155 Dickenson Street in Romeo, the duplex is described as a short walk from downtown Romeo, placing day-to-day shopping, dining, parks, and community events within convenient reach.
For buyers seeking a residential income property, the current configuration provides a balance of immediate occupancy and flexibility. One unit is currently leased through February 2027, while the other unit is vacant and could support an owner-occupant scenario or additional leasing opportunity. The included private storage access adds a practical amenity that can help support tenant satisfaction for future occupancy decisions.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.0k | $16.20 |
| − Vacancy | −$2.1k | −$1.08 |
| EGI | $28.9k | $15.12 |
| − OpEx | −$8.7k | −$4.54 |
| NOI | $20.2k | $10.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Romeo
- County
- Macomb
- State
- Michigan
- Longitude
- -83.011148
- Latitude
- 42.804784
