Updated Duplex with Lower-Level
For Sale
$264,000
183 Robertson St, Mount Clemens, MI 48043
Two separate residences include kitchens, dining rooms, sunrooms, and private entrances.
Property Size2,565 SF
Days on Market49
Property Features for 183 Robertson St
General Information
Standard status
Active
Size
2,565 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,004
Building Details
Building Size
2,565 SF
Year Built
1926
Units
2
Listing Agency:
Sine & Monaghan, Realtors
Listed By:
Pamela Ceder · License #6506037166
(810) 278-0150
Source:
Elliman
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 1 at 5:31AM
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 Sine & Monaghan, Realtors
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Investment Insights
Based on property information with market context.
Built in 1926, this duplex contains two 1,250 sq. ft. residences with independent entrances. Each unit includes a full kitchen, formal dining room, living room, sunroom, two bedrooms, and one full bath. Updated kitchens and bathrooms, lighting, plumbing, and appliances bring refreshed finishes to both living areas.
The lower level includes a third unit currently used for storage, along with a mechanical and laundry room. The basement area could be renovated back into living space, subject to applicable requirements. Exterior features include a private-feeling outdoor area with a brick paver patio and walkway.
The property is located at 183 Robertson St in Mount Clemens, near the Clinton River and Downtown Mt. Clemens. Nearby amenities include parks, bike and walking trails, shopping, and dining. The property is identified as suitable for owner occupancy, long-term rental, or short-term rental use.
The lower level includes a third unit currently used for storage, along with a mechanical and laundry room. The basement area could be renovated back into living space, subject to applicable requirements. Exterior features include a private-feeling outdoor area with a brick paver patio and walkway.
The property is located at 183 Robertson St in Mount Clemens, near the Clinton River and Downtown Mt. Clemens. Nearby amenities include parks, bike and walking trails, shopping, and dining. The property is identified as suitable for owner occupancy, long-term rental, or short-term rental use.
Key Highlights
- Two 1,250 sq. ft. units, each with 2 bedrooms and 1 full bath
- Separate entrances, full kitchens, formal dining rooms, living rooms, and sunrooms
- Lower‑level third unit currently used for storage, plus mechanical and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,088
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,760
$481.8K
Cap Rate 7%
$344,114
$344.1K
Cap Rate 9%
$267,644
$267.6K
Market Conditions
NOI Build-Up for 2,565 SF
Gross rent
$47.1K $18.36/SF
− Vacancy
−$3.3K −$1.29/SF
EGI
$43.8K $17.07/SF
− OpEx
−$19.7K −$7.68/SF
NOI
$24.1K $9.39/SF
Area
Macomb County, MI
Vacancy
7.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,760
Cap Rate 7%
$344,114
Cap Rate 9%
$267,644
Alternative Uses
Best Use
Multifamily LT 5
$387.9K
$339.4K – $452.6K
NOI $27,153 @ 7.0% cap · market cap 10.29%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.5K
NOI $24,088 @ 7.0% cap · market cap 9.12%
Theoretical Best
Specialty Retail
$480.2K
$420.2K – $560.3K
NOI $33,615 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
961
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Business Placement
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
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 - Two separate residences include kitchens, dining rooms, sunrooms, and private entrances.
Where is this duplex located?
The property is located at 183 Robertson St Mount Clemens, MI.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: Two 1,250 sq. ft. units, each with 2 bedrooms and 1 full bath; Separate entrances, full kitchens, formal dining rooms, living rooms, and sunrooms; Lower‑level third unit currently used for storage, plus mechanical and laundry room
