Renovated Two-Unit
For Sale
$274,900
18844 Marquette St, Roseville, MI 48066
Two updated residences feature stainless-steel kitchens and in-unit laundry.
Property Size1,500 SF
Price / SF$366.53
Days on Market62
Property Features for 18844 Marquette St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,448
Amenities
in-unit laundry
Building Details
Building Size
1,500 SF
Year Built
1954
Units
2
Listing Agency:
REALTEAM Real Estate
(586) 580-8092
Listed By:
Tiroca Battle
(586) 580-8092
Source:
Elliman
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 9:29PM
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 REALTEAM Real Estate
Investment Insights
Based on property information with market context.
Renovated duplex with two separate residences, each offering two bedrooms, one full bathroom, and approximately 750 square feet. The units include updated kitchens with stainless-steel appliances, in-unit laundry, refreshed interiors, and practical living areas designed for everyday use. The property was built in 1954.
Located on Marquette Street in Roseville, Michigan, the duplex is near parks, shopping, restaurants, and major freeways. Walk Score is 38, classified as Car-Dependent, while Bike Score is 36, classified as Somewhat Bikeable.
Together, the units provide four bedrooms and two full bathrooms across the property. The configuration supports separate residential occupancy within a single duplex asset, with each unit maintaining its own kitchen, laundry, living space, and bedrooms.
Located on Marquette Street in Roseville, Michigan, the duplex is near parks, shopping, restaurants, and major freeways. Walk Score is 38, classified as Car-Dependent, while Bike Score is 36, classified as Somewhat Bikeable.
Together, the units provide four bedrooms and two full bathrooms across the property. The configuration supports separate residential occupancy within a single duplex asset, with each unit maintaining its own kitchen, laundry, living space, and bedrooms.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 full bathrooms total
- Approximately 750 square feet per unit
- Updated kitchens with stainless‑steel appliances
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
$7,939
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
2.89%
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%
$158,780
$158.8K
Cap Rate 7%
$113,414
$113.4K
Cap Rate 9%
$88,211
$88.2K
Market Conditions
NOI Build-Up for 750 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
$12.2K $16.20/SF
− Vacancy
−$808 −$1.08/SF
EGI
$11.3K $15.12/SF
− OpEx
−$3.4K −$4.54/SF
NOI
$7.9K $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 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%
$158,780
Cap Rate 7%
$113,414
Cap Rate 9%
$88,211
Alternative Uses
Best Use
Multifamily LT 5
$113.4K
$99.2K – $132.3K
NOI $7,939 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$100.6K
$88.0K – $117.4K
NOI $7,043 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$140.4K
$122.9K – $163.8K
NOI $9,829 @ 7.0% cap · market cap 3.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences feature stainless-steel kitchens and in-unit laundry.
Where is this duplex located?
The property is located at 18844 Marquette St Roseville, MI.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 full bathrooms total; Approximately 750 square feet per unit; Updated kitchens with stainless‑steel appliances
