Brick Duplex with Attached
New
For Sale
$280,000
27099 Demrick Street, Roseville, MI 48066
Multifamily, 1 Story, Roseville, MI
Property Size1,716 SF
Lot Size0.17 Acres
Price / SF$163.17
Days on Market1
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
Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bathroom 2
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) 602-7537
Added: Aug 27
Last Checked: Aug 27 at 11:06PM
MLS# 20261068929
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 1,716-square-foot duplex contains two residential units, each arranged with two bedrooms and one bathroom. The ranch-style property was built in 1957 with brick construction, forced-air heating, and public water service. One unit includes an attached one-car garage connected by a breezeway, while the other has its own private driveway. A fenced yard adds outdoor space to the 0.17-acre parcel.
The property is located in Roseville, Michigan, within a Multi-Family, Residential zoning designation. The unit addresses are 27099 and 27097 Demrick Street, with parking provided through the attached garage and separate driveway. Basement space is also included among the property’s listed rooms.
The property is located in Roseville, Michigan, within a Multi-Family, Residential zoning designation. The unit addresses are 27099 and 27097 Demrick Street, with parking provided through the attached garage and separate driveway. Basement space is also included among the property’s listed rooms.
Key Highlights
- Two‑unit duplex with 1,716 square feet of property size
- Each unit includes 2 bedrooms and 1 bathroom
- Attached 1‑car garage with breezeway for the 27099 unit
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
6.49%
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 6.49%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.6K
NOI $16,115 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$321.3K
$281.1K – $374.8K
NOI $22,488 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
520
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 - Two residential units feature separate parking options, a fenced yard, and a single-story ranch configuration.
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 $280,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,716 square feet of property size; Each unit includes 2 bedrooms and 1 bathroom; Attached 1‑car garage with breezeway for the 27099 unit
