Two-Family Residential
For Sale
$300,000
3135 Belmont St, Hamtramck, MI 48212
Two-family home offered for sale in Hamtramck, positioned for easy access to shopping, dining, schools, parks, and major roadways.
Property Size2,130 SF
Price / SF$140.85
Days on Market102
Property Features for 3135 Belmont St
General Information
Standard status
Active
Size
2,130 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Wasim International Realty
Listed By:
Hamidur Rashid · License #6501405501
(313) 871-2030
Source:
Vmrealestatemichigan
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 30 at 3:03PM
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 Wasim International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family residential property is offered for sale in the City of Hamtramck. The home is presented as an investment opportunity or an owner-occupant option, and it is described as well located for daily convenience.
The property is marketed as being close to shopping, restaurants, schools, parks, and major roadways. WalkScore is listed as 83 (very walkable), BikeScore as 55 (bikeable), and TransitScore as 44 (some transit).
For showing arrangements, appointments are scheduled Monday, Tuesday, and Wednesday from 4:00 PM to 8:30 PM, and Thursday and Friday from 11:00 AM to 8:00 PM.
The property is marketed as being close to shopping, restaurants, schools, parks, and major roadways. WalkScore is listed as 83 (very walkable), BikeScore as 55 (bikeable), and TransitScore as 44 (some transit).
For showing arrangements, appointments are scheduled Monday, Tuesday, and Wednesday from 4:00 PM to 8:30 PM, and Thursday and Friday from 11:00 AM to 8:00 PM.
Key Highlights
- 2‑family home in Hamtramck built in 1920
- WalkScore of 83 (very walkable)
- BikeScore of 55 (bikeable)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,911
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,220
$418.2K
Cap Rate 7%
$298,729
$298.7K
Cap Rate 9%
$232,344
$232.3K
Market Conditions
NOI Build-Up for 2,130 SF
Gross rent
$32.0K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.9K $14.03/SF
− OpEx
−$9.0K −$4.21/SF
NOI
$20.9K $9.82/SF
Area
Wayne County, 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%
$418,220
Cap Rate 7%
$298,729
Cap Rate 9%
$232,344
Alternative Uses
Best Use
Multifamily LT 5
$298.7K
$261.4K – $348.5K
NOI $20,911 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$274.3K
$240.0K – $320.0K
NOI $19,202 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$394.4K
$345.1K – $460.1K
NOI $27,605 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home offered for sale in Hamtramck, positioned for easy access to shopping, dining, schools, parks, and major roadways.
Where is this duplex located?
The property is located at 3135 Belmont St Hamtramck, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2‑family home in Hamtramck built in 1920; WalkScore of 83 (very walkable); BikeScore of 55 (bikeable)
