Brick
For Sale
Contact for pricing
2262 Taylor Street, Detroit, MI 48206
Multifamily, 2 Story, Detroit, MI
Property Size2,770 SF
Lot Size0.10 Acres
Price / SF$8.60
Days on Market124
Property Features for 2262 Taylor Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Basement, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Pets allowed
Yes
Subdivision
Joy Farm Also P39
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
South of Clairmount
Standard status
Active
APN
W10I002351S
Size
2,770 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
N TAYLOR 432 JOY FARM SUB L32 P39-40 PLATS, W C R 10/99 35 X 120.50
Tax Annual Amount
4776
Legal Description
N TAYLOR 432 JOY FARM SUB L32 P39-40 PLATS, W C R 10/99 35 X 120.50
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1921
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Adams Realty Services
Listed By:
William J Adams · License #6501158021
(248) 582-3300
Added: Jun 29
Changed: Oct 23
Last Checked: Oct 30 at 1:06AM
MLS# 20261049677
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 2,770-square-foot duplex was built in 1921 and has brick construction. The two-story layout includes four bedrooms, two bathrooms, and a basement, with forced-air heating and public water service. The property requires a total renovation.
Set on 0.1 acres in Detroit, the residence is located at 2262 Taylor Street in Wayne County. The owner reports that there is currently no access to the property.
Set on 0.1 acres in Detroit, the residence is located at 2262 Taylor Street in Wayne County. The owner reports that there is currently no access to the property.
Key Highlights
- 2,770‑square‑foot duplex on 0.1 acres
- Built in 1921 with brick construction
- Four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,059
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,180
$581.2K
Cap Rate 7%
$415,129
$415.1K
Cap Rate 9%
$322,878
$322.9K
Market Conditions
NOI Build-Up for 2,770 SF
Gross rent
$56.5K $20.40/SF
− Vacancy
−$3.7K −$1.33/SF
EGI
$52.8K $19.07/SF
− OpEx
−$23.8K −$8.58/SF
NOI
$29.1K $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%
$581,180
Cap Rate 7%
$415,129
Cap Rate 9%
$322,878
Alternative Uses
Best Use
Multifamily LT 5
$452.2K
$395.7K – $527.6K
NOI $31,657 @ 7.0% cap · market cap 132.82%
Second Best
Apartment 5plus
$415.1K
$363.2K – $484.3K
NOI $29,059 @ 7.0% cap · market cap 121.92%
Theoretical Best
Office A
$611.1K
$534.7K – $712.9K
NOI $42,775 @ 7.0% cap · market cap 179.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
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Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story residential income property with a basement and forced-air heating.
Where is this duplex located?
The property is located at 2262 Taylor Street Detroit, MI.
What are key features of this property?
This property features: 2,770‑square‑foot duplex on 0.1 acres; Built in 1921 with brick construction; Four bedrooms and two bathrooms
