Duplex with Four-Car
For Sale
$340,000
27065 Dowland St, Warren, MI 48092
Two residential units have separate utilities, with one leased and the other occupied by the owner.
Property Size2,264 SF
Price / SF$150.18
Days on Market53
Property Features for 27065 Dowland St
General Information
Standard status
Active
Size
2,264 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,674
Building Details
Buildings
1
Listing Agency:
Good Company
(248) 733-5811
Listed By:
Andrea Rodriguez
(248) 787-1239
Source:
Exprealty
Added: Aug 14
Changed: Sep 13
Last Checked: Oct 4 at 3:40PM
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 Good Company
Investment Insights
Based on property information with market context.
This duplex contains two residential units with individually separated utilities, supporting straightforward management between the apartments. One unit is leased, while the other is occupied by the owner and offers flexibility for continued personal use or a future tenant. A four-car garage provides substantial enclosed parking and storage capacity.
The property is located at 27065 Dowland St in Warren, Michigan. Built in 1977, it combines a two-unit residential layout with a large accessory garage suitable for vehicle storage and other practical needs.
The property is located at 27065 Dowland St in Warren, Michigan. Built in 1977, it combines a two-unit residential layout with a large accessory garage suitable for vehicle storage and other practical needs.
Key Highlights
- Two‑unit duplex with separate utilities for each residence
- One unit is leased and the second is currently owner‑occupied
- Four‑car garage provides substantial enclosed parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,227
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,540
$444.5K
Cap Rate 7%
$317,529
$317.5K
Cap Rate 9%
$246,967
$247.0K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$34.0K $15.00/SF
− Vacancy
−$2.2K −$0.98/SF
EGI
$31.8K $14.03/SF
− OpEx
−$9.5K −$4.21/SF
NOI
$22.2K $9.82/SF
Area
Warren, 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%
$444,540
Cap Rate 7%
$317,529
Cap Rate 9%
$246,967
Alternative Uses
Best Use
Multifamily LT 5
$317.5K
$277.8K – $370.5K
NOI $22,227 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$295.6K
$258.6K – $344.9K
NOI $20,691 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$499.4K
$437.0K – $582.7K
NOI $34,961 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 48092, MI
27,186
Population
11,052
Households
2.5
Avg Household Size
42
Median Age
27%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
3,356
Density / Sq Mi
$71,761
Median Household Income
$40,174
Median Earnings
$1,186
Median Rent
$205,300
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have separate utilities, with one leased and the other occupied by the owner.
Where is this duplex located?
The property is located at 27065 Dowland St Warren, MI.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities for each residence; One unit is leased and the second is currently owner‑occupied; Four‑car garage provides substantial enclosed parking and storage
