Detroit Duplex with Income
15794 Ohio Street, Detroit, MI 48238
MULTI_FAMILY - Detroit, MI
Property size:
1,100 SFLot size:
0.07 AcresPrice / SF:
$131/SF- Added:
- Apr 17, 2026
- Days on Market:
- 31
- Last Refresh:
- May 17 at 10:06 pm
Property Features for 15794 Ohio Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Basement
- Parking
- 2
- Standard status
- Active
- APN
- 16033800.
- Size
- 1,100 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E OHIO 149 B F MORTENSONS UNIVERSITY PLACE SUB L46 P59 PLATS, W C R 16/342 30.7 IRREG
- Tax Annual Amount
- 2040
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
Building Details
- Year built
- 1928
- Number of units
- 2
- Building materials
- Brick
Listing agent Sydney Gonder License #6501463602 (734) 664-4046
Listing office @properties Christie's Int'l 200 N Center Street, Birmingham, MI (248) 282-3770
Listing date Apr 17, 2026
MLS# 26016258
Listing URL
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Immediate, stable income from long‑term tenant in lower unit.
- Upper unit offers flexibility for owner‑occupancy or value‑add potential.
- Separate furnaces and hot water tanks for each unit, reducing owner expenses.
- Large lot and spacious yard with added privacy on a quiet street.
- Each unit has 2 bedrooms and 1 full bathroom with approximately 1,100 square feet of living space.
- Convenient location with easy access to major roadways and employment corridors.
Overview
This brick duplex is situated at the end of a quiet street, offering a large lot and spacious yard with added privacy. Each unit features 2 bedrooms and 1 full bathroom with approximately 1,100 square feet of living space, providing functional layouts and strong rental appeal. The lower unit is occupied by a long-term tenant, creating immediate, stable income, while the upper unit offers flexibility for owner-occupancy or value-add potential. Each unit has separate furnaces and hot water tanks, allowing for independent utilities and reduced owner expenses. The property showcases classic architectural character including hardwood floors, generous room sizes, and abundant natural light throughout. It is conveniently located with easy access to major roadways and employment corridors. The 0.07-acre lot is located in Detroit, Michigan. Strong rental demand in the area makes this an attractive opportunity for both new and seasoned investors seeking consistent cash flow with upside potential.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$139.7K
NOI $12,571 @ 9.00% cap · cautious / downside scenario
Moderate
$179.6K
NOI $12,571 @ 7.00% cap · market / base-case scenario
Aggressive
$251.4K
NOI $12,571 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.1k | $17.40 |
| − Vacancy | −$1.2k | −$1.07 |
| EGI | $18.0k | $16.33 |
| − OpEx | −$5.4k | −$4.90 |
| NOI | $12.6k | $11.43 |
1,100 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$179.6K
$157.1K – $209.5K
NOI $12,571 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$164.9K
$144.3K – $192.3K
NOI $11,540 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$242.7K
$212.3K – $283.1K
NOI $16,986 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.155274
- Latitude
- 42.407792
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Brick duplex with long-term tenant and value-add potential.
Where is this duplex located?
The property is located at 15794 Ohio Street Detroit, MI.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Immediate, stable income from long‑term tenant in lower unit.; Upper unit offers flexibility for owner‑occupancy or value‑add potential.; Separate furnaces and hot water tanks for each unit, reducing owner expenses.
