Duplex Residential Income
For Sale
$235,990
20498 Van Antwerp Street # 23, Harper Woods, MI 48225
The open-plan home includes two bedrooms, one-and-a-half baths, and appliances for everyday use.
Property Size1,206 SF
Price / SF$195.68
Days on Market214
Property Features for 20498 Van Antwerp Street # 23
General Information
Standard status
Active
Size
1,206 SF
Property subtype
Condominium,Duplex
Building Details
Building Size
1,206 SF
Year Built
2026
Listing Agency:
Renovare Real Estate
Listed By:
Adam Hammons · License #6501312848
(734) 968-9025
Source:
Desertdouglas
Added: Mar 30
Changed: Oct 27
Last Checked: Oct 27 at 3:25AM
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 Renovare Real Estate
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Investment Insights
Based on property information with market context.
Built in 2026, this 1,206-square-foot duplex home has two bedrooms, one-and-a-half baths, and an open-concept floor plan. The kitchen is appointed with granite counters, Merillat cabinets, GE stainless steel appliances, and Kohler fixtures; the appliance package includes a range, refrigerator, dishwasher, washer, and dryer. Luxury vinyl plank flooring runs through the main living areas.
The home is part of a planned community of 48 duplex residences in the Grosse Pointe School District. Shopping, dining, parks, waterfront attractions, and I-94 are described as minutes away. The property is eligible for a Neighborhood Enterprise Zone tax benefit for qualified homeowners.
The home is part of a planned community of 48 duplex residences in the Grosse Pointe School District. Shopping, dining, parks, waterfront attractions, and I-94 are described as minutes away. The property is eligible for a Neighborhood Enterprise Zone tax benefit for qualified homeowners.
Key Highlights
- 1,206‑square‑foot duplex home with 2 bedrooms and 1.5 baths
- Built in 2026
- Kitchen features granite countertops, Merillat cabinetry, and GE stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,872
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,440
$217.4K
Cap Rate 7%
$155,314
$155.3K
Cap Rate 9%
$120,800
$120.8K
Market Conditions
NOI Build-Up for 1,206 SF
Gross rent
$21.0K $17.40/SF
− Vacancy
−$1.2K −$1.01/SF
EGI
$19.8K $16.39/SF
− OpEx
−$8.9K −$7.38/SF
NOI
$10.9K $9.01/SF
Area
Wayne County, MI
Vacancy
5.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,440
Cap Rate 7%
$155,314
Cap Rate 9%
$120,800
Alternative Uses
Best Use
Apartment 5plus
$155.3K
$135.9K – $181.2K
NOI $10,872 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$223.3K
$195.4K – $260.5K
NOI $15,630 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 48225, MI
15,862
Population
6,271
Households
2.5
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
5,875
Density / Sq Mi
$59,248
Median Household Income
$40,558
Median Earnings
$1,304
Median Rent
$140,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The open-plan home includes two bedrooms, one-and-a-half baths, and appliances for everyday use.
Where is this residential income property located?
The property is located at 20498 Van Antwerp Street # 23 Harper Woods, MI.
What is the asking price?
The asking price for this property is $235,990.
What are key features of this property?
This property features: 1,206‑square‑foot duplex home with 2 bedrooms and 1.5 baths; Built in 2026; Kitchen features granite countertops, Merillat cabinetry, and GE stainless steel appliances
