Colonial Duplex Income
2084 MARKESE Avenue Lincoln Park, MI 48146
New
2084 MARKESE Avenue, Lincoln Park, MI, 48146
$210,000
For Sale
$210,000
MULTI_FAMILY - Colonial - Lincoln Park, MI
Property Size1,794 SF
Lot Size0.27 Acres
Price / SF$117.06
Days on Market2
Property Features for 2084 MARKESE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 2
- Parking
- 2
- Standard status
- Active
- APN
- 45010071415302
- Size
- 1,794 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- GN1415B 1416 1417 ELY 23 FT OF LOT 1415 ALSO LOTS 1416 AND 1417 ALSO S 1/2 OF ADJ VAC ALLEY LINCOLNSHIRE NO. 3 SUB PC 48,86,95 L49 P86 WCR
- Tax Annual Amount
- 6851
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1928
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Vinyl
- Architectural style
- Colonial
Listing Agency
EXP Realty Main
(888) 501-7085
39555 Orchard Hill Place Ste 600, Royal Oak, MI
Listed by
Jason Caperton · License #6501389457
(888) 501-7085
Added: Jul 16 Checked: Jul 17 at 2:06 am
MLS# 20261055150
Listing URL
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 fully renovated income property features two separate 2-bedroom units. Interior updates include refinished hardwood flooring and LVT flooring, along with updated kitchens and baths. The basement includes a half bath, and the property has new A/C. An egress window could be added to potentially support a lower-level unit with two rooms.
Located in Lincoln Park, MI, the property is zoned for multi-family use.
The property is listed for sale as a duplex configuration and currently has leases in place.
Located in Lincoln Park, MI, the property is zoned for multi-family use.
The property is listed for sale as a duplex configuration and currently has leases in place.
Key Highlights
- Fully renovated 2‑unit income property with two 2‑bedroom units
- Updated kitchens and baths, plus a 1/2 bath in the basement
- Refinished hardwood flooring and LVT flooring
Local 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 | $26.9k | $15.00 |
| − Vacancy | −$1.7k | −$0.98 |
| EGI | $25.2k | $14.03 |
| − OpEx | −$7.5k | −$4.21 |
| NOI | $17.6k | $9.82 |
1,794 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.6K
$220.2K – $293.6K
NOI $17,613 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$231.0K
$202.2K – $269.6K
NOI $16,173 @ 7.0% cap · market cap 7.70%
Theoretical Best
Specialty Retail
$332.1K
$290.6K – $387.5K
NOI $23,250 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated duplex with two 2-bedroom units, updated kitchens and baths, and new A/C.
Where is this duplex located?
The property is located at 2084 MARKESE Avenue Lincoln Park, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Fully renovated 2‑unit income property with two 2‑bedroom units; Updated kitchens and baths, plus a 1/2 bath in the basement; Refinished hardwood flooring and LVT flooring
