Well-Maintained Duplex in
For Sale
$290,000
27099 Demrick Street, Roseville, MI 48066
MULTI_FAMILY - Ranch - Roseville, MI
Property Size1,716 SF
Lot Size0.17 Acres
Price / SF$168
Days on Market165
Property Features for 27099 Demrick Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Multi-Family,Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Basement
Pets allowed
Yes
Subdivision
Roseville Farms # 02
Elementary school district
Roseville
Middle school district
Roseville
High school district
Roseville
Directions
S on Gratiot Ave, Right on E 11 Mile Rd, Right on Demrick St
Standard status
Active
APN
1417352039
Size
1,716 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
ROSEVILLE FARMS #2 N 75 FT LOT4
Tax Annual Amount
7743
Legal Description
ROSEVILLE FARMS #2 N 75 FT LOT4
Utilities
Heating system
Forced Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Building materials
Brick
Architectural style
Ranch
Listing Agency:
Vanguard Realty Group
(248) 650-6206
Listed By:
Elvis Xhihani · License #6501406468
(248) 650-6206
Added: Feb 25
Changed: Aug 3
Last Checked: Aug 9 at 4:06PM
MLS# 20261011245
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex presents an opportunity for investors or owner-occupants. Each of the two units includes 2 bedrooms and 1 bathroom. One unit, 27099, features an attached 1-car garage with a breezeway, while the other, 27097, offers a private driveway for parking. The property, situated on a 0.17-acre lot, also includes a fenced yard. The property is located in Roseville, MI. The property is zoned for Multi-Family and Residential use. The property size is 1,716 square feet. This income-producing property has room to increase rents and boost NOI.
Key Highlights
- Duplex built in 1957 with a ranch architectural style
- Brick construction with forced‑air heating
- Each unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,165
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,300
$363.3K
Cap Rate 7%
$259,500
$259.5K
Cap Rate 9%
$201,833
$201.8K
Market Conditions
NOI Build-Up for 1,716 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.8K $16.20/SF
− Vacancy
−$1.8K −$1.08/SF
EGI
$26.0K $15.12/SF
− OpEx
−$7.8K −$4.54/SF
NOI
$18.2K $10.59/SF
Area
Macomb County, MI
Vacancy
6.65%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$363,300
Cap Rate 7%
$259,500
Cap Rate 9%
$201,833
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.1K – $302.8K
NOI $18,165 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.6K
NOI $16,115 @ 7.0% cap · market cap 5.56%
Theoretical Best
Specialty Retail
$321.3K
$281.1K – $374.8K
NOI $22,488 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Roseville duplex: two units, fenced yard, income potential.
Where is this duplex located?
The property is located at 27099 Demrick Street Roseville, MI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Duplex built in 1957 with a ranch architectural style; Brick construction with forced‑air heating; Each unit offers 2 bedrooms and 1 bathroom
