Renovated Duplex with Detached
19340 Meier St Roseville, MI 48066
New
For Sale
$184,900
Completely renovated duplex offering an occupied upper unit and a vacant lower unit with independent finishes.
Property Size1,550 SF
Price / SF$119.29
Days on Market7
Property Features for 19340 Meier St
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Investment
Building Details
Year Built
1926
Listing Agency:
ECMN Ventures, LLC
(586) 718-0037
Listed By:
Shawn Sturdivent · License #6501380112
(586) 718-0037
Source:
Elliman
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 29 at 10:18AM
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 ECMN Ventures, LLC
Investment Insights
Based on property information with market context.
This completely renovated duplex presents two separate 1-bedroom, 1-bathroom units with updated interiors. The upper unit features its own private entrance, an updated kitchen, newer flooring, and fresh paint, and is currently rented on a month-to-month basis. The lower unit has been fully renovated with fresh paint, brand-new flooring, new shaker cabinets, and granite countertops, and is currently vacant and available for viewing with an accepted appointment. Exclusive use of the detached garage and the full unfinished basement is included, and the basement has been professionally waterproofed for added utility and storage.
Both units share access to a covered front porch. Major capital improvements have been completed, including a brand-new roof and new windows.
For buyers seeking a turnkey setup, the property is ready to generate income with the upper unit while the lower unit can be leased or occupied as desired.
Both units share access to a covered front porch. Major capital improvements have been completed, including a brand-new roof and new windows.
For buyers seeking a turnkey setup, the property is ready to generate income with the upper unit while the lower unit can be leased or occupied as desired.
Key Highlights
- Completely renovated 2‑unit duplex built in 1926 with an occupied upper unit and a vacant lower unit
- Upper unit: approx. 700 SF, 1 bed/1 bath, private entrance; updated kitchen, newer flooring, fresh paint; month‑to‑month tenant paying $825/mo
- Lower unit: approx. 850 SF, 1 bed/1 bath; completely renovated with fresh paint, brand‑new flooring, new shaker cabinets, and granite countertops
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $16.20 |
| − Vacancy | −$1.7k | −$1.08 |
| EGI | $23.4k | $15.12 |
| − OpEx | −$7.0k | −$4.54 |
| NOI | $16.4k | $10.59 |
1,550 SF · lease $16.20/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.4K
$205.1K – $273.5K
NOI $16,408 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$207.9K
$182.0K – $242.6K
NOI $14,556 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$290.2K
$253.9K – $338.6K
NOI $20,313 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Completely renovated duplex offering an occupied upper unit and a vacant lower unit with independent finishes.
Where is this duplex located?
The property is located at 19340 Meier St Roseville, MI.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Completely renovated 2‑unit duplex built in 1926 with an occupied upper unit and a vacant lower unit; Upper unit: approx. 700 SF, 1 bed/1 bath, private entrance; updated kitchen, newer flooring, fresh paint; month‑to‑month tenant paying $825/mo; Lower unit: approx. 850 SF, 1 bed/1 bath; completely renovated with fresh paint, brand‑new flooring, new shaker cabinets, and granite countertops
