5-Unit Brick Apartment
21500 Beaconsfield Street, St Clair Shores, MI 48080
For Sale
New
$499,000
Multifamily, 2 Story, St. Clair Shores, MI
Property Size3,791 SF
Lot Size0.28 Acres
Price / SF$131.63
Days on Market5
Property Features for 21500 Beaconsfield Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Pets allowed
Interior features
Exterior features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
shared laundry area
on-site parking lot
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Keller Williams Lakeside · Keller Williams Realty
(586) 532-0500
Listed By:
Randy B Gates
(248) 431-4321
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 20261090682
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.
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Investment Insights
Based on property information with market context.
This 3,791-square-foot brick apartment property contains five one-bedroom units, each approximately 700 square feet. Three are on the main floor, with two more upstairs; one main-floor residence has a private entrance. Each unit has a kitchen, walk-in pantry, living room, bedroom, full bathroom, and appliances. Gas and electricity are separately metered for all five units.
A common basement provides laundry facilities, extra storage, and a dedicated locker for each unit. The property occupies 0.28 acres in St. Clair Shores, with on-site parking for 10+ vehicles. Shopping, dining, and major expressways are nearby.
The roof was replaced in 2021, and two furnaces were installed in 2025. Three additional furnaces are included. The building was constructed in 1973 and is zoned Multi-Family.
A common basement provides laundry facilities, extra storage, and a dedicated locker for each unit. The property occupies 0.28 acres in St. Clair Shores, with on-site parking for 10+ vehicles. Shopping, dining, and major expressways are nearby.
The roof was replaced in 2021, and two furnaces were installed in 2025. Three additional furnaces are included. The building was constructed in 1973 and is zoned Multi-Family.
Key Highlights
- Five one‑bedroom units, each approximately 700 sq. ft.
- 3,791‑square‑foot brick building on a 0.28‑acre lot
- All five units have separate gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,602
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,040
$712.0K
Cap Rate 7%
$508,600
$508.6K
Cap Rate 9%
$395,578
$395.6K
Market Conditions
NOI Build-Up for 3,791 SF
Gross rent
$69.6K $18.36/SF
− Vacancy
−$4.9K −$1.29/SF
EGI
$64.7K $17.07/SF
− OpEx
−$29.1K −$7.68/SF
NOI
$35.6K $9.39/SF
Area
Macomb County, MI
Vacancy
7.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,040
Cap Rate 7%
$508,600
Cap Rate 9%
$395,578
Alternative Uses
Best Use
Apartment 5plus
$508.6K
$445.0K – $593.4K
NOI $35,602 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$709.7K
$621.0K – $828.0K
NOI $49,682 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
756
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five one-bedroom residences are separately metered and share basement laundry and storage facilities.
Where is this apartment building located?
The property is located at 21500 Beaconsfield Street St Clair Shores, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Five one‑bedroom units, each approximately 700 sq. ft.; 3,791‑square‑foot brick building on a 0.28‑acre lot; All five units have separate gas and electric meters
