Updated Brick
New
For Sale
$379,995
16530 Petrie St, Roseville, MI 48066
Two separate residences offer two-bedroom layouts, individual utility meters, and central air conditioning.
Property Size1,716 SF
Price / SF$221.44
Days on Market6
Property Features for 16530 Petrie St
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1955
Buildings
1
Construction
ranch-style
Listing Agency:
National Realty Centers, Inc
Listed By:
Amador C Melgoza III · License #6501306013
(248) 644-6300
Source:
Metrodetroithomeguide
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 15 at 2:22AM
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 National Realty Centers, Inc
Investment Insights
Based on property information with market context.
This 1,716-square-foot, ranch-style duplex in Roseville contains two residential units, each with two bedrooms and one bathroom. The brick property was built in 1955 and features single-level layouts. Reported improvements include newer roofs, replacement windows, refreshed flooring, fresh paint, and central A/C.
Each residence has separate utility metering, and tenants are responsible for their own utilities. The property is located at 16530 Petrie St in Roseville, Michigan.
Each residence has separate utility metering, and tenants are responsible for their own utilities. The property is located at 16530 Petrie St in Roseville, Michigan.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,716 square feet in a ranch‑style layout
- Full‑brick construction; built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,165
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,300
$363.3K
Cap Rate 7%
$259,500
$259.5K
Cap Rate 9%
$201,833
$201.8K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$27.8K $16.20/SF
− Vacancy
−$1.8K −$1.08/SF
EGI
$26.0K $15.12/SF
− OpEx
−$7.8K −$4.54/SF
NOI
$18.2K $10.59/SF
Area
Macomb County, MI
Vacancy
6.65%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,300
Cap Rate 7%
$259,500
Cap Rate 9%
$201,833
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.1K – $302.8K
NOI $18,165 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.6K
NOI $16,115 @ 7.0% cap · market cap 4.24%
Theoretical Best
Specialty Retail
$321.3K
$281.1K – $374.8K
NOI $22,488 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer two-bedroom layouts, individual utility meters, and central air conditioning.
Where is this duplex located?
The property is located at 16530 Petrie St Roseville, MI.
What is the asking price?
The asking price for this property is $379,995.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,716 square feet in a ranch‑style layout; Full‑brick construction; built in 1955
