Two-Unit Brick
2224 ANDERDON Street, Detroit, MI 48215
For Sale
Contact for pricing
Multifamily, 2 Story, Detroit, MI
Property Size2,800 SF
Lot Size0.10 Acres
Price / SF$7.14
Days on Market551
Property Features for 2224 ANDERDON Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 541-4000
Listed By:
Erick Monzo · License MI #6502427681
(586) 210-3350
Added: May 13, 2025
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 20250026978
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.
Located on ANDERDON Street in Detroit, this 2,800-square-foot duplex is arranged as a two-story Colonial residence with full-brick construction. The layout includes two residential units, two bedrooms, two bathrooms, and a basement, with forced-air heating and public water service. Built in 1926, the property is presented for restoration and renovation and is zoned Residential.
The parcel contains 0.1 acres in Detroit’s 48215 postal area. Ownership is subject to a DLBA tax capture for the five tax years following transfer. The tax capture may affect eligibility for otherwise available tax abatements, and requests to waive those rights may be reviewed by the DLBA.
The parcel contains 0.1 acres in Detroit’s 48215 postal area. Ownership is subject to a DLBA tax capture for the five tax years following transfer. The tax capture may affect eligibility for otherwise available tax abatements, and requests to waive those rights may be reviewed by the DLBA.
Key Highlights
- 2,800‑square‑foot duplex on a 0.1‑acre parcel
- Two‑story full‑brick Colonial construction
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,374
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,480
$587.5K
Cap Rate 7%
$419,629
$419.6K
Cap Rate 9%
$326,378
$326.4K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$57.1K $20.40/SF
− Vacancy
−$3.7K −$1.33/SF
EGI
$53.4K $19.07/SF
− OpEx
−$24.0K −$8.58/SF
NOI
$29.4K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,480
Cap Rate 7%
$419,629
Cap Rate 9%
$326,378
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$400.0K – $533.3K
NOI $32,000 @ 7.0% cap
Second Best
Apartment 5plus
$419.6K
$367.2K – $489.6K
NOI $29,374 @ 7.0% cap
Theoretical Best
Office A
$617.7K
$540.5K – $720.6K
NOI $43,238 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
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Business Placement
Demographics for 48215, MI
10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Detroit, MI
Properties on Market for Duplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-story colonial layout includes two residential units and a basement.
Where is this duplex located?
The property is located at 2224 ANDERDON Street Detroit, MI.
What are key features of this property?
This property features: 2,800‑square‑foot duplex on a 0.1‑acre parcel; Two‑story full‑brick Colonial construction; Built in 1926
