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    Duplex With Separate Entrances Title is generated by Realmo AI

    20471 Nicke Street, Clinton Township, MI 48035

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    For Sale
    $165,000

    MULTI_FAMILY - Clinton Township, MI

    Property size:
    1,640 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $100/SF
    Added:
    Jan 30, 2026
    Days on Market:
    125
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 20471 Nicke Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
    Patio and Porch features
    Porch
    Exterior features
    Porch, Sidewalks
    Standard status
    Active
    APN
    16-11-33-482-024
    Size
    1,640 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3989

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1942
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Jeremy Frohriep
    Jeremy Frohriep

    Listing agent Jeremy Frohriep License #6506048890

    Listing office Berkshire Hathaway HomeServices Kee Realty SCS 19900 E 10 Mile Rd Ste 104, MI

    Listing date Jan 30, 2026

    MLS# 50198480 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex with 2 units, each with separate electrical, heating systems, and separate entrances
    • Upper unit features 2 bedrooms and 1 bath with kitchen upgrades including granite and newer cabinets
    • Upper unit includes appliances: stove, refrigerator, washer, and dryer
    • Lower unit has 2 bedrooms and 1 bath plus a large kitchen and dedicated laundry room
    • Lower unit has a long‑term tenant in place for approximately 20 years; tenant‑owned appliances included
    • Public water service; home built in 1942 with porch, sidewalks, forced‑air heating, and ceiling fans

    Overview

    This duplex includes two separate units with their own electrical and heating systems and separate entrances. The water service is shared between the units. Each unit is set up for independent living, supporting a straightforward two-tenant configuration.

    The upper unit (20475) is a 2-bedroom, 1-bath layout with a kitchen featuring granite and newer cabinets. Appliances are included for this unit: stove, refrigerator, washer, and dryer. The lower unit (20471) also offers a 2-bedroom, 1-bath arrangement, with a large kitchen and a dedicated laundry room. The lower unit has a long-term tenant in place for approximately 20 years, and the appliances in that unit belong to the tenant.

    Located at 20471 Nicke Street in Clinton Township, Macomb County, Michigan, this property may appeal to buyers looking to own a duplex configured for separate utility systems and independent entries. The presence of an established tenant in the lower unit provides immediate occupancy, while the upper unit’s included appliances can simplify readiness for a future rental setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.912004
    Latitude
    42.540623

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with separate electrical and heating systems, plus shared water, suited for residential rental ownership.
    Where is this duplex located?
    The property is located at 20471 Nicke Street Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Duplex with 2 units, each with separate electrical, heating systems, and separate entrances; Upper unit features 2 bedrooms and 1 bath with kitchen upgrades including granite and newer cabinets; Upper unit includes appliances: stove, refrigerator, washer, and dryer
    (586) 251-8350
    We can help!
    Listing Contact
    Jeremy Frohriep
    Jeremy Frohriep
    Real Estate License ID: 6506048890
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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