Two-Unit Duplex with
For Sale
$314,900
1645 Taylor Street, Detroit, MI 48206
Rehabilitated interiors pair updated kitchens and bathrooms with refreshed building systems.
Property Size2,668 SF
Price / SF$118.03
Days on Market98
Property Features for 1645 Taylor Street
General Information
Standard status
Active
Size
2,668 SF
Total Parking Spaces
1
Property subtype
Duplex
Site & Location
Neighborhood
Historic Atkinson
Utilities to Site
Yes
Units
Multifamily Units
2
Individually Metered Utilities
gas, electric
Taxes and HOA fees
Annual Taxes
$3,615
Amenities
covered front porch
upper unit balcony
Building Details
Building Size
2,668 SF
Year Built
1916
Listing Agency:
RE/MAX Leading Edge
Listed By:
Ryan Kain · License #6501401697
(734) 626-7815
Source:
Desertdouglas
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 27 at 3:23AM
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 RE/MAX Leading Edge
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Investment Insights
Based on property information with market context.
This 2,668-square-foot duplex contains two units and dates to 1916. A full gut rehabilitation brought white shaker kitchen cabinets, butcher-block counters, stainless steel appliances, tiled bathrooms, and refinished hardwood floors. The upper unit has an additional third-floor room, while a covered front porch and an upper-level balcony provide outdoor space. A small one-car garage sits behind the building, accessible from the alley.
Building improvements include new Romex wiring, a 3D architectural shingle roof, vinyl windows, PEX and PVC plumbing, forced-air heating, and electric on-demand water heaters. Gas and electricity are separately metered; water is on a single meter. Gordon Park is across the street, and the Congregation is described as a three-minute walk away.
Building improvements include new Romex wiring, a 3D architectural shingle roof, vinyl windows, PEX and PVC plumbing, forced-air heating, and electric on-demand water heaters. Gas and electricity are separately metered; water is on a single meter. Gordon Park is across the street, and the Congregation is described as a three-minute walk away.
Key Highlights
- Two‑unit duplex with 2,668 square feet
- Built in 1916
- Upper unit includes an additional room on the third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,989
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
$559.8K
Cap Rate 7%
$399,843
$399.8K
Cap Rate 9%
$310,989
$311.0K
Market Conditions
NOI Build-Up for 2,668 SF
Gross rent
$54.4K $20.40/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$50.9K $19.07/SF
− OpEx
−$22.9K −$8.58/SF
NOI
$28.0K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
Cap Rate 7%
$399,843
Cap Rate 9%
$310,989
Alternative Uses
Best Use
Multifamily LT 5
$435.6K
$381.1K – $508.2K
NOI $30,491 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$588.6K
$515.0K – $686.7K
NOI $41,200 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
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Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
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 - Rehabilitated interiors pair updated kitchens and bathrooms with refreshed building systems.
Where is this duplex located?
The property is located at 1645 Taylor Street Detroit, MI.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,668 square feet; Built in 1916; Upper unit includes an additional room on the third floor
