Updated Brick Quadplex with
For Sale
$349,900
2441 Holbrook St, Hamtramck, MI 48212
Rental-certified multifamily property with separate entrances, basement laundry hookups, and flexible unit access.
Property Size3,036 SF
Price / SF$115.25
Days on Market49
Property Features for 2441 Holbrook St
General Information
Standard status
Active
Size
3,036 SF
Property subtype
Multi-Family
Building Details
Year Built
1914
Listing Agency:
Diamond Realty & Associates, LLC
Listed By:
Leanne Conger
(586) 214-4663
Source:
Premiermichiganhomesearch
Added: Sep 2
Changed: Oct 14
Last Checked: Oct 19 at 10:01AM
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 Diamond Realty & Associates, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated, rental-certified quadplex contains four residential units, each with a kitchen, bathroom, living room, and two bedrooms. Separate entrances serve the units, including two front entries, one rear entry, and one side entry. The brick building includes a large front porch, a common hallway, a full basement, and attic space. A detached? No, source says brick two-car garage; avoid detached. The property also includes a brick two-car garage.
The shared hallway connects to the basement and attic, while the basement provides multiple washer and dryer hookups. One unit is occupied under a month-to-month lease, and the other three units are available for full viewing. The property was built in 1914 and is located in Hamtramck with access to major freeways and downtown Detroit.
The shared hallway connects to the basement and attic, while the basement provides multiple washer and dryer hookups. One unit is occupied under a month-to-month lease, and the other three units are available for full viewing. The property was built in 1914 and is located in Hamtramck with access to major freeways and downtown Detroit.
Key Highlights
- Four‑unit rental‑certified property with updated interiors
- Brick construction with a brick two‑car garage
- Each unit includes a kitchen, bath, living room, and two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,806
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,120
$596.1K
Cap Rate 7%
$425,800
$425.8K
Cap Rate 9%
$331,178
$331.2K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$45.5K $15.00/SF
− Vacancy
−$3.0K −$0.98/SF
EGI
$42.6K $14.03/SF
− OpEx
−$12.8K −$4.21/SF
NOI
$29.8K $9.82/SF
Area
Wayne County, MI
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,120
Cap Rate 7%
$425,800
Cap Rate 9%
$331,178
Alternative Uses
Best Use
Multifamily LT 5
$425.8K
$372.6K – $496.8K
NOI $29,806 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$391.0K
$342.1K – $456.2K
NOI $27,369 @ 7.0% cap · market cap 7.82%
Theoretical Best
Specialty Retail
$562.1K
$491.8K – $655.8K
NOI $39,347 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Rental-certified multifamily property with separate entrances, basement laundry hookups, and flexible unit access.
Where is this quadplex located?
The property is located at 2441 Holbrook St Hamtramck, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Four‑unit rental‑certified property with updated interiors; Brick construction with a brick two‑car garage; Each unit includes a kitchen, bath, living room, and two bedrooms
