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Two Homes on One Lot

3132-3134 Van Alstyne St, Wyandotte, MI 48192

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For Sale

$259,900

Two separate homes on one lot in desirable location.

Type:Investment

Property size:

1,940 SF

Lot size:

0.07 Acres

Price / SF:

$133/SF

HighLights

Prime location on prestigious Van Alstyne Street, downtown near waterfront parks, shops, and restaurants.
Two separate homes on one lot offering income potential or multi‑generational living.
Front house: 3‑bedroom bungalow (approx. 1,100 sq ft) with full basement and newer furnace.
Rear carriage house: 1‑bedroom unit (approx. 840 sq ft) above a garage with additional space and interior stairway.
Partial waterfront view of the Detroit River.
All existing appliances in both units are included.

We can help!

Contact an agent

Charles Mix

Learn more

For Sale

$259,900

Two separate homes on one lot in desirable location.

Type:Investment

Property size:

1,940 SF

Lot size:

0.07 Acres

Price / SF:

$133/SF

Added:: Mar 24, 2026
Days on Market:: 105
Last Refresh:: Mar 21 at 8:02 am

Property Features for 3132-3134 Van Alstyne St

General Information

Standard status: Active
Size: 1,940 SF
Lot size: 0.07 Acres
Property subtype: Investment

Building Details

Year Built: 1907

We can help!

Contact an agent

Charles Mix

Listing office RE/MAX Innovation

Listing date Mar 24, 2026

Source Elliman

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 RE/MAX Innovation

HighLights

Prime location on prestigious Van Alstyne Street, downtown near waterfront parks, shops, and restaurants.
Two separate homes on one lot offering income potential or multi‑generational living.
Front house: 3‑bedroom bungalow (approx. 1,100 sq ft) with full basement and newer furnace.
Rear carriage house: 1‑bedroom unit (approx. 840 sq ft) above a garage with additional space and interior stairway.
Partial waterfront view of the Detroit River.
All existing appliances in both units are included.

Overview

Located on Van Alstyne Street, this property features two separate homes on one lot within a privacy fenced yard. The front house is a three-bedroom, approximately 1,100 square foot bungalow-style home with a full basement and a newer furnace. It also features a covered front porch. The rear unit is an approximately 840 square foot carriage house with a one-bedroom unit on the upper floor, additional square footage, and a one-car garage on the ground level. An interior stairway leads to the lower ground level. All existing appliances in both units are included but not warranted. The property is located downtown, very near scenic waterfront parks, and within walking distance of Wyandotte's shops, restaurants, and riverfront golf course. It offers a partial waterfront view of the Detroit River across the street. The property offers the opportunity to live in one house and receive income from the other, or to provide a separate living space for family. The property retains vintage charm and character.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$29.1k	$15.00
− Vacancy	−$1.9k	−$0.98
EGI	$27.2k	$14.03
− OpEx	−$8.2k	−$4.21
NOI	$19.0k	$9.82

1,940 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$272.1K

$238.1K – $317.4K (±1% cap)

NOI $19,046 @ 7.0% cap · market cap 7.33%

Second Best

Apartment 5plus

$249.8K

$218.6K – $291.5K (±1% cap)

NOI $17,489 @ 7.0% cap · market cap 6.73%

Theoretical Best

Specialty Retail

$359.2K

$314.3K – $419.0K (±1% cap)

NOI $25,142 @ 7.0% cap · market cap 9.67%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Wyandotte
County: Wayne
State: Michigan
Longitude: -83.149065
Latitude: 42.2014338

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For sale
Duplexes
MI
Wyandotte
48192
3132-3134 Van Alstyne St

What type of property is this?

Duplex - Two separate homes on one lot in desirable location.

Where is this duplex located?

The property is located at 3132-3134 Van Alstyne St Wyandotte, MI.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: Prime location on prestigious Van Alstyne Street, downtown near waterfront parks, shops, and restaurants.; Two separate homes on one lot offering income potential or multi‑generational living.; Front house: 3‑bedroom bungalow (approx. 1,100 sq ft) with full basement and newer furnace.