Duplex With Private
254 Lincoln Ave, Clawson, MI 48017
For Sale
$359,995
Pending
Two residences offer one- and two-bedroom layouts, individual access, and laundry facilities.
Property Size1,646 SF
Days on Market17
Property Features for 254 Lincoln Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private entrances
laundry facilities
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listed By:
Saif Siddiqui
(248) 989-9446
Source:
Elliman
Added: Oct 24
Changed: Nov 8
Last Checked: Nov 8 at 7:21AM
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 Saif Siddiqui
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.
Built in 1962, this ranch-style duplex contains two separate residences: one with a bedroom and one with two. Each has a private entrance and hardwood-style flooring, with laundry facilities available on site. A tree-lined yard serves the property. Updates include a roof installed in 2019, a concrete driveway completed in 2020, and Wallside windows added in 2022 with a transferable lifetime warranty.
The property is at 254 Lincoln Avenue in Clawson, within walking distance of downtown restaurants, coffee shops, shopping, and entertainment. The Noble Village development is also identified among the nearby downtown destinations.
The property is at 254 Lincoln Avenue in Clawson, within walking distance of downtown restaurants, coffee shops, shopping, and entertainment. The Noble Village development is also identified among the nearby downtown destinations.
Key Highlights
- Two units: one 1‑bedroom and one 2‑bedroom
- Ranch‑style duplex built in 1962
- Private entrances and laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,787
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,740
$435.7K
Cap Rate 7%
$311,243
$311.2K
Cap Rate 9%
$242,078
$242.1K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$32.6K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$31.1K $18.91/SF
− OpEx
−$9.3K −$5.67/SF
NOI
$21.8K $13.24/SF
Area
Oakland County, MI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,740
Cap Rate 7%
$311,243
Cap Rate 9%
$242,078
Alternative Uses
Best Use
Multifamily LT 5
$311.2K
$272.3K – $363.1K
NOI $21,787 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$288.4K
$252.4K – $336.5K
NOI $20,190 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 48017, MI
11,353
Population
5,827
Households
1.9
Avg Household Size
39
Median Age
44%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,160
Density / Sq Mi
$86,935
Median Household Income
$62,650
Median Earnings
$1,255
Median Rent
$251,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Oakland County, MI
Properties on Market for Duplexes in Oakland County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer one- and two-bedroom layouts, individual access, and laundry facilities.
Where is this duplex located?
The property is located at 254 Lincoln Ave Clawson, MI.
What is the asking price?
The asking price for this property is $359,995.
What are key features of this property?
This property features: Two units: one 1‑bedroom and one 2‑bedroom; Ranch‑style duplex built in 1962; Private entrances and laundry facilities
