Updated Duplex with
New
For Sale
$269,900
183 Robertson Street, Mount Clemens, MI 48043
MULTIFAMILY, Mount Clemens, MI
Property Size2,565 SF
Lot Size0.25 Acres
Price / SF$105.22
Days on Market1
Property Features for 183 Robertson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Driveway, On Street
Patio and Porch features
Patio
Interior features
Cable/Internet Avail., Hardwood Floors
Exterior features
Patio
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Subdivision
A/P # 06 Mt Clemens
Lot features
Corner Lot, Large Lot - 65+ Ft.
Elementary school district
Mt Clemens Community Schools
Middle school district
Mt Clemens Community Schools
High school district
Mt Clemens Community Schools
Standard status
Active
APN
05-11-14-333-055
Size
2,565 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
7004
Utilities
Heating system
Oil
Cooling system
Window Unit(s)
Water source
Public
Amenities
brick paver patio
Building Details
Year built
1926
Floors in Building
2
Number of units
2
Architectural style
Conventional
Listing Agency:
Sine & Monaghan Realtors LLC Algonac
(810) 794-5544
Listed By:
Pamela Ceder · License #6506037166
(810) 278-0150
Added: Sep 13
Last Checked: Sep 13 at 4:06PM
MLS# 50221644
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional duplex, built in 1926, contains 2,565 square feet with two 1,250-square-foot units. Each residence has a separate entrance, full kitchen, formal dining room, living room, sunroom, 2 bedrooms, and 1 full bath. A lower-level basement is currently used for storage, alongside a mechanical and laundry room. The property includes updated kitchens and bathrooms, newer lighting, plumbing, and appliances, plus hardwood floors, public water, oil heat, and window-unit cooling.
The 0.25-acre property includes a brick-paver patio and walkway, with driveway and on-street parking. Its Mount Clemens setting provides access to the Clinton River, downtown, parks, bike and walking trails, shopping, and dining. The basement area may offer additional residential potential if renovated.
The 0.25-acre property includes a brick-paver patio and walkway, with driveway and on-street parking. Its Mount Clemens setting provides access to the Clinton River, downtown, parks, bike and walking trails, shopping, and dining. The basement area may offer additional residential potential if renovated.
Key Highlights
- Two 1,250‑square‑foot units within a 2,565‑square‑foot duplex
- Each unit includes 2 bedrooms, 1 full bath, a kitchen, dining room, living room, and sunroom
- Lower‑level basement currently used for storage, plus mechanical and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,088
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 10.06%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.5K
NOI $24,088 @ 7.0% cap · market cap 8.92%
Theoretical Best
Specialty Retail
$480.2K
$420.2K – $560.3K
NOI $33,615 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 provide full kitchens, dining areas, living rooms, sunrooms, bedrooms, and bathrooms.
Where is this duplex located?
The property is located at 183 Robertson Street Mount Clemens, MI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two 1,250‑square‑foot units within a 2,565‑square‑foot duplex; Each unit includes 2 bedrooms, 1 full bath, a kitchen, dining room, living room, and sunroom; Lower‑level basement currently used for storage, plus mechanical and laundry room
