Two-Unit Duplex with Separate
New
For Sale
$289,000
20351 E 8 Mile Rd, St Clair Shores, MI 48080
Two matching floor plans pair hardwood flooring with updated kitchens and separate gas, electric, and water meters.
Property Size2,000 SF
Days on Market4
Property Features for 20351 E 8 Mile Rd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Investment
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,035
Building Details
Building Size
2,000 SF
Year Built
1961
Buildings
1
Units
2
Listing Agency:
RE/MAX First
Listed By:
John A. Demske · License #6501316265
(586) 405-0874
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 7:12AM
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 RE/MAX First
Investment Insights
Based on property information with market context.
This 1961 duplex at 20351 E 8 Mile Rd includes two units with matching floor plans and hardwood floors. Unit 20351 is vacant and has a refreshed kitchen, fresh interior paint, and new central air, all completed in June 2026. Unit 20353 has an updated kitchen and bath, wall air conditioning, and a partially finished basement. Both units have updated PEX plumbing and vinyl windows; the roof is approximately 8 years old.
New driveways and walkways serve both units. Parking is behind the buildings, with access from Parkside. Unit 20351 is available to view, while Unit 20353 is occupied and can be viewed with an accepted offer. Separate gas, electric, and water meters serve each unit.
New driveways and walkways serve both units. Parking is behind the buildings, with access from Parkside. Unit 20351 is available to view, while Unit 20353 is occupied and can be viewed with an accepted offer. Separate gas, electric, and water meters serve each unit.
Key Highlights
- Two units with matching floor plans
- Separate gas, electric, and water meters for each unit
- 20351 has a new kitchen and central air, completed June 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,172
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,440
$423.4K
Cap Rate 7%
$302,457
$302.5K
Cap Rate 9%
$235,244
$235.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$2.2K −$1.08/SF
EGI
$30.2K $15.12/SF
− OpEx
−$9.1K −$4.54/SF
NOI
$21.2K $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%
$423,440
Cap Rate 7%
$302,457
Cap Rate 9%
$235,244
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $352.9K
NOI $21,172 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$268.3K
$234.8K – $313.0K
NOI $18,782 @ 7.0% cap · market cap 6.50%
Theoretical Best
Specialty Retail
$374.4K
$327.6K – $436.8K
NOI $26,210 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
650
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
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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 - Two matching floor plans pair hardwood flooring with updated kitchens and separate gas, electric, and water meters.
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 $289,000.
What are key features of this property?
This property features: Two units with matching floor plans; Separate gas, electric, and water meters for each unit; 20351 has a new kitchen and central air, completed June 2026
