Updated Two-Unit
New
For Sale
$299,000
20351 E 8 Mile Rd, St Clair Shores, MI 48080
Separate gas, electric, and water meters serve each residence.
Days on Market3
Property Features for 20351 E 8 Mile Rd
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Utilities to Site
Yes
Building Details
Building Size
2,000 SF
Year Built
1961
Tenancy
Multi
Listing Agency:
CJV LLC
(586) 405-0874
Listed By:
John A. Demske · License #6501316265
(586) 405-0874
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 4:03AM
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 CJV LLC
Investment Insights
Based on property information with market context.
This two-unit duplex was built in 1961 and includes identical floor plans with hardwood floors in both residences. Unit 20351 is vacant and features a new kitchen, fresh interior paint, and new central air installed in June 2026. Unit 20353 includes an updated kitchen and bath, wall air conditioning, and a partially finished basement. Both units have vinyl windows, updated PEX plumbing, and separate meters for gas, electric, and water. New driveways and walkways serve both residences, with driveways and parking located behind the building.
The property is located at 20351 E 8 Mile Rd in St. Clair Shores, with vehicle access to the rear parking area from Parkside. Unit 20353 is tenant-occupied and available for viewing with an accepted offer. The roof is approximately 8 years old.
The property is located at 20351 E 8 Mile Rd in St. Clair Shores, with vehicle access to the rear parking area from Parkside. Unit 20353 is tenant-occupied and available for viewing with an accepted offer. The roof is approximately 8 years old.
Key Highlights
- Two‑unit duplex with identical floor plans and hardwood floors in both residences
- Unit 20351 is vacant and has a new kitchen, fresh paint, and new central air installed in June 2026
- Unit 20353 includes an updated kitchen and bath, wall air conditioning, and a partially finished basement
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 | $32.4k | $16.20 |
| − Vacancy | −$2.2k | −$1.08 |
| EGI | $30.2k | $15.12 |
| − OpEx | −$9.1k | −$4.54 |
| NOI | $21.2k | $10.59 |
2,000 SF · lease $16.20/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $352.9K
NOI $21,172 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$268.3K
$234.8K – $313.0K
NOI $18,782 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$374.4K
$327.6K – $436.8K
NOI $26,210 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 48080, MI
22,272
Population
11,424
Households
1.9
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
5,062
Density / Sq Mi
$69,884
Median Household Income
$48,837
Median Earnings
$1,070
Median Rent
$188,800
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 - Separate gas, electric, and water meters serve each residence.
Where is this duplex located?
The property is located at 20351 E 8 Mile Rd St Clair Shores, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with identical floor plans and hardwood floors in both residences; Unit 20351 is vacant and has a new kitchen, fresh paint, and new central air installed in June 2026; Unit 20353 includes an updated kitchen and bath, wall air conditioning, and a partially finished basement
