Brick
New
For Sale
$169,900
1852 Saint Johns Blvd, Lincoln Park, MI 48146
Each residence has two bedrooms; the lower unit also includes basement storage and laundry space.
Property Size1,208 SF
Days on Market6
Property Features for 1852 Saint Johns Blvd
General Information
Standard status
Active
Size
1,208 SF
Property subtype
Investment
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,579
Amenities
basement storage/laundry area
Building Details
Building Size
1,208 SF
Year Built
1928
Buildings
1
Units
2
Construction
brick
Listing Agency:
Top Agent Referral LLC
Listed By:
Michael D Long · License #6501156302
(734) 699-4000
Source:
Elliman
Added: Oct 7
Last Checked: Oct 11 at 7:12AM
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 Top Agent Referral LLC
Investment Insights
Based on property information with market context.
Built in 1928, this brick duplex contains two residences, each with two bedrooms. The lower unit has basement space for storage and laundry. Kitchen appliances are included; the washer and dryer are not.
The property is vacant and has off-street parking. Updates include the roof, concrete, and sewer line. The buyer is responsible for assuming City inspections and approvals.
The property is vacant and has off-street parking. Updates include the roof, concrete, and sewer line. The buyer is responsible for assuming City inspections and approvals.
Key Highlights
- Two units, each with 2 bedrooms
- 1928 construction
- Brick exterior with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,860
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,200
$237.2K
Cap Rate 7%
$169,429
$169.4K
Cap Rate 9%
$131,778
$131.8K
Market Conditions
NOI Build-Up for 1,208 SF
Gross rent
$18.1K $15.00/SF
− Vacancy
−$1.2K −$0.98/SF
EGI
$16.9K $14.03/SF
− OpEx
−$5.1K −$4.21/SF
NOI
$11.9K $9.82/SF
Area
Wayne County, MI
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,200
Cap Rate 7%
$169,429
Cap Rate 9%
$131,778
Alternative Uses
Best Use
Multifamily LT 5
$169.4K
$148.3K – $197.7K
NOI $11,860 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$155.6K
$136.1K – $181.5K
NOI $10,890 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$223.7K
$195.7K – $260.9K
NOI $15,656 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms; the lower unit also includes basement storage and laundry space.
Where is this duplex located?
The property is located at 1852 Saint Johns Blvd Lincoln Park, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms; 1928 construction; Brick exterior with off‑street parking
