Brick Quadplex Requiring
2626 Tyler Street, Detroit, MI 48238
For Sale
Contact for pricing
Multifamily, 2 Story, Detroit, MI
Property Size3,696 SF
Lot Size0.07 Acres
Price / SF$5.38
Days on Market411
Property Features for 2626 Tyler 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: Sep 26, 2025
Changed: Oct 26
Last Checked: Nov 10 at 7:06PM
MLS# 20251038948
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 two-story quadplex contains 3,696 square feet across four residential units. The layout provides two bedrooms and one bathroom per unit, for a total of eight bedrooms and four bathrooms. Built in 1924, the brick property has forced-air heating, public water service, and a basement. Renovation work is needed to restore the building for continued residential use, and the property is zoned Residential.
Located at 2626 Tyler Street in Detroit, the property is offered through the Detroit Land Bank Authority program. A buyer must submit a project proposal, proof of funds, a renovation scope, and documentation of prior projects. Closing is subject to a DLBA Renovation/Development Agreement, with tax recapture applying for the five tax years after ownership transfer.
Located at 2626 Tyler Street in Detroit, the property is offered through the Detroit Land Bank Authority program. A buyer must submit a project proposal, proof of funds, a renovation scope, and documentation of prior projects. Closing is subject to a DLBA Renovation/Development Agreement, with tax recapture applying for the five tax years after ownership transfer.
Key Highlights
- Four‑unit layout with two bedrooms and one bathroom in each unit
- 3,696 square feet on a 0.07‑acre parcel
- Brick construction with forced‑air heating and public water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,774
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,480
$775.5K
Cap Rate 7%
$553,914
$553.9K
Cap Rate 9%
$430,822
$430.8K
Market Conditions
NOI Build-Up for 3,696 SF
Gross rent
$75.4K $20.40/SF
− Vacancy
−$4.9K −$1.33/SF
EGI
$70.5K $19.07/SF
− OpEx
−$31.7K −$8.58/SF
NOI
$38.8K $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%
$775,480
Cap Rate 7%
$553,914
Cap Rate 9%
$430,822
Alternative Uses
Best Use
Multifamily LT 5
$603.4K
$528.0K – $704.0K
NOI $42,240 @ 7.0% cap
Second Best
Apartment 5plus
$553.9K
$484.7K – $646.2K
NOI $38,774 @ 7.0% cap
Theoretical Best
Office A
$815.4K
$713.4K – $951.3K
NOI $57,075 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Detroit, MI
Properties on Market for Quadplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story residential property with four units, brick construction, and forced-air heating.
Where is this quadplex located?
The property is located at 2626 Tyler Street Detroit, MI.
What are key features of this property?
This property features: Four‑unit layout with two bedrooms and one bathroom in each unit; 3,696 square feet on a 0.07‑acre parcel; Brick construction with forced‑air heating and public water
