Two-Unit Duplex with Separate
For Sale
$249,000
19116 Masonic Blvd, Roseville, MI 48066
Well-maintained duplex with two 2-bedroom, 1-bath units, each with separate utilities, plus basement laundry hookups and backyard barn.
Property Size1,547 SF
Days on Market97
Property Features for 19116 Masonic Blvd
General Information
Standard status
Active
Size
1,547 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,165
Amenities
barn
separate washer and dryer hookups
Building Details
Building Size
1,547 SF
Year Built
1935
Stories
2
Units
2
Listing Agency:
EXP Realty Clinton Twp
Listed By:
Rory MacDonald
(586) 306-8800
Source:
Elliman
Added: Jul 19
Changed: Oct 21
Last Checked: Oct 20 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 EXP Realty Clinton Twp
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Investment Insights
Based on property information with market context.
Located just off Masonic Blvd between Gratiot Ave and Kelly Rd, this well-maintained duplex features two spacious 2-bedroom, 1-bath units. Each unit has its own separate utilities, supporting independent tenant management.
The first-floor unit is equipped with forced air heating and central A/C, while the upstairs unit uses electric baseboard heat and window A/C units. Both units have their own hot water tank, and the basement includes two separate washer and dryer hookup locations for convenient, in-home laundry setup.
Additional on-site utility comes from a large barn in the backyard, offering extra space for storage, workshop use, or potential rental income as allowed by the property’s configuration and any applicable requirements.
The first-floor unit is equipped with forced air heating and central A/C, while the upstairs unit uses electric baseboard heat and window A/C units. Both units have their own hot water tank, and the basement includes two separate washer and dryer hookup locations for convenient, in-home laundry setup.
Additional on-site utility comes from a large barn in the backyard, offering extra space for storage, workshop use, or potential rental income as allowed by the property’s configuration and any applicable requirements.
Key Highlights
- Well‑maintained duplex built in 1935 with two separate 2‑bedroom, 1‑bath units
- Each unit has its own separate utilities for easier management and tenant independence
- First‑floor unit has forced air heating and central A/C; upstairs unit has electric baseboard heat and window A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,376
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,520
$327.5K
Cap Rate 7%
$233,943
$233.9K
Cap Rate 9%
$181,956
$182.0K
Market Conditions
NOI Build-Up for 1,547 SF
Gross rent
$25.1K $16.20/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$23.4K $15.12/SF
− OpEx
−$7.0K −$4.54/SF
NOI
$16.4K $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%
$327,520
Cap Rate 7%
$233,943
Cap Rate 9%
$181,956
Alternative Uses
Best Use
Multifamily LT 5
$233.9K
$204.7K – $272.9K
NOI $16,376 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$207.5K
$181.6K – $242.1K
NOI $14,528 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$289.6K
$253.4K – $337.9K
NOI $20,274 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units, each with separate utilities, plus basement laundry hookups and backyard barn.
Where is this duplex located?
The property is located at 19116 Masonic Blvd Roseville, MI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1935 with two separate 2‑bedroom, 1‑bath units; Each unit has its own separate utilities for easier management and tenant independence; First‑floor unit has forced air heating and central A/C; upstairs unit has electric baseboard heat and window A/C
