Two-Unit Brick
New
For Sale
$315,000
20114 Stratford Road, Detroit, MI 48221
Multifamily, 2 Story, Detroit, MI
Property Size2,682 SF
Lot Size0.17 Acres
Price / SF$117.45
Days on Market2
Property Features for 20114 Stratford Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
6
Bathrooms
7
Full bathrooms
6
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Basement, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 5
Pets allowed
Yes
Subdivision
Woodward
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
Make a left going south from west 8 mile onto Stratford
Standard status
Active
APN
W02I005185S
Size
2,682 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
E STRATFORD 383 S 20 FT 382 WOODWARD SUB L48 P89 PLATS, WCR 2/155 60 X 120
Tax Annual Amount
606
Legal Description
E STRATFORD 383 S 20 FT 382 WOODWARD SUB L48 P89 PLATS, WCR 2/155 60 X 120
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1941
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Lashawn Peterson
(248) 270-2956
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 14 at 7:06PM
MLS# 20261082043
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 brick duplex contains two side-by-side residences, each arranged over two stories with three bedrooms and two full bathrooms. The property totals 2,682 square feet on a 0.17-acre lot and was built in 1941. Forced-air heating serves the building, and the roof is asphalt. Multi-Family zoning is reported for the property.
One residence is vacant, while the other is occupied by tenants. The layout includes a basement. The property is located in Detroit, Michigan.
One residence is vacant, while the other is occupied by tenants. The layout includes a basement. The property is located in Detroit, Michigan.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,682 square feet on a 0.17‑acre lot
- One unit vacant; one unit tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,136
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,720
$562.7K
Cap Rate 7%
$401,943
$401.9K
Cap Rate 9%
$312,622
$312.6K
Market Conditions
NOI Build-Up for 2,682 SF
Gross rent
$54.7K $20.40/SF
− Vacancy
−$3.6K −$1.33/SF
EGI
$51.2K $19.07/SF
− OpEx
−$23.0K −$8.58/SF
NOI
$28.1K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,720
Cap Rate 7%
$401,943
Cap Rate 9%
$312,622
Alternative Uses
Best Use
Multifamily LT 5
$437.9K
$383.1K – $510.9K
NOI $30,651 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$591.7K
$517.7K – $690.3K
NOI $41,416 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 48221, MI
38,204
Population
17,452
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
7,347
Density / Sq Mi
$55,583
Median Household Income
$37,019
Median Earnings
$1,174
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - A paired-unit layout offers one vacant residence alongside a tenant-occupied unit.
Where is this duplex located?
The property is located at 20114 Stratford Road Detroit, MI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,682 square feet on a 0.17‑acre lot; One unit vacant; one unit tenant‑occupied
