Renovated Duplex with
1645 TAYLOR Street, Detroit, MI 48206
For Sale
$314,900
Multifamily, 3 Story, Detroit, MI
Property Size2,668 SF
Lot Size0.09 Acres
Price / SF$118.03
Days on Market110
Property Features for 1645 TAYLOR Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Interior features
Exterior features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
covered front porch
balcony
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Leading Edge · RE/MAX International
(734) 404-8800
Listed By:
Ryan E Kain · License MI #6501401697
(313) 277-7777
Added: Jul 24
Changed: Oct 28
Last Checked: Nov 10 at 8:06PM
MLS# 20261056462
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 two-unit residential property contains 2,668 square feet on a 0.09-acre lot and was fully gut renovated. The kitchens have white shaker cabinetry, butcher block countertops, and stainless steel appliances, while the bathrooms include new tile, updated fixtures, and double vanities. Additional improvements include Romex wiring, PEX and PVC plumbing, vinyl windows, an asphalt shingle roof, refinished hardwood floors, forced-air heating, central air, and electric on-demand water heaters.
Outdoor features include a covered front porch, an upper-unit balcony, and a small one-car garage accessed from the alley. Gas and electric service are separately metered, while water is supplied through a single meter. The property is served by public water, carries Residential zoning, and was built in 1916.
Outdoor features include a covered front porch, an upper-unit balcony, and a small one-car garage accessed from the alley. Gas and electric service are separately metered, while water is supplied through a single meter. The property is served by public water, carries Residential zoning, and was built in 1916.
Key Highlights
- Two‑unit property with 2,668 square feet on a 0.09‑acre lot
- Full gut renovation with updated kitchens and bathrooms
- Upper‑level unit includes an additional third‑floor room
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
Explore this area
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
$102,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Detroit, MI
Properties on Market for Duplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated kitchens, tiled bathrooms, separate gas and electric meters, and a rear one-car garage.
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 property with 2,668 square feet on a 0.09‑acre lot; Full gut renovation with updated kitchens and bathrooms; Upper‑level unit includes an additional third‑floor room
