Completely Renovated
19340 Meier Street Roseville, MI 48066
New
For Sale
$184,900
MULTI_FAMILY - Bungalow - Roseville, MI
Property Size1,550 SF
Lot Size0.12 Acres
Price / SF$119.29
Days on Market1
Property Features for 19340 Meier Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 1
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 1416331032
- Size
- 1,550 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- T1N,R13E, SEC 16 STOEPEL'S MARTIN ROAD SUB'N LOT 149 EXC E 40.0 FT & ALL LOT 150
- Tax Annual Amount
- 3607
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl
- Architectural style
- Bungalow
Listing Agency:
Elementary Homes LLC
(248) 850-2030
Listed By:
Shawn Sturdivent · License #6501380112
(586) 718-0037
Added: Jul 23
Last Checked: Jul 23 at 9:06PM
MLS# 20261057136
Copyright © 2026 Realcomp Limited II. 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 completely renovated duplex offers two 1-bedroom, 1-bath units with updated interiors and separate living space. The upper unit includes its own private entrance and features an updated kitchen, newer flooring, and fresh paint, and it is currently occupied on a month-to-month basis. The lower unit has also been renovated with fresh paint, brand-new flooring, new shaker cabinets, and granite countertops, and it is currently vacant for an owner-occupant or new tenant.
The property includes access to a covered front porch and exclusive use of the detached garage and the full unfinished basement for the lower unit. The basement has been professionally waterproofed. Major improvements already completed include a brand-new roof and new windows.
Set on a 0.12-acre lot, this duplex is listed for sale in Roseville, Michigan, in Macomb County.
The property includes access to a covered front porch and exclusive use of the detached garage and the full unfinished basement for the lower unit. The basement has been professionally waterproofed. Major improvements already completed include a brand-new roof and new windows.
Set on a 0.12-acre lot, this duplex is listed for sale in Roseville, Michigan, in Macomb County.
Key Highlights
- Renovated duplex built in 1926 with vinyl construction and forced‑air heating; public water service.
- Upper unit: approx. 700 SF, 1 bed/1 bath, private entrance; updated kitchen, newer flooring, fresh paint; month‑to‑month tenant pays $825/mo.
- Lower unit: approx. 850 SF, 1 bed/1 bath; vacant and renovated with fresh paint, 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey renovated duplex with two 1-bedroom units, separate entrances, and a detached garage plus basement storage.
Where is this duplex located?
The property is located at 19340 Meier Street 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: Renovated duplex built in 1926 with vinyl construction and forced‑air heating; public water service.; Upper unit: approx. 700 SF, 1 bed/1 bath, private entrance; updated kitchen, newer flooring, fresh paint; month‑to‑month tenant pays $825/mo.; Lower unit: approx. 850 SF, 1 bed/1 bath; vacant and renovated with fresh paint, new flooring, new shaker cabinets, and granite countertops.
