Hamtramck Multifamily Home For
For Sale
$250,000
3170 Jacob St, Hamtramck, MI 48212
Well-maintained 2-unit property in vibrant Hamtramck neighborhood.
Property Size1,760 SF
Lot Size0.06 Acres
Days on Market266
Property Features for 3170 Jacob St
General Information
Standard status
Active
Size
1,760 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,372
Building Details
Building Size
1,760 SF
Year Built
1955
Units
2
Listing Agency:
(586) 457-3709
Listed By:
Dilwar Hossan
(586) 457-3709
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 14
Last Checked: Aug 20 at 10:00AM
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 Dilwar Hossan
Investment Insights
Based on property information with market context.
This well-maintained 2-unit multifamily home is located in Hamtramck. The property features a spacious 3-bedroom, 1-bath unit on the lower level and a comfortable 2-bedroom, 1-bath unit upstairs. It is ideal for rental income or multi-family living. A detached garage adds extra value and convenience for parking or storage. The home is located in a vibrant and diverse neighborhood, just minutes from shops, restaurants, schools, and major highways, making commuting convenient.
Key Highlights
- Two‑unit multifamily home ideal for rental income or multi‑family living.
- Spacious 3‑bedroom, 1‑bath unit on the lower level.
- Comfortable 2‑bedroom, 1‑bath unit upstairs.
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
$17,279
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
6.91%
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%
$345,580
$345.6K
Cap Rate 7%
$246,843
$246.8K
Cap Rate 9%
$191,989
$192.0K
Market Conditions
NOI Build-Up for 1,760 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
$26.4K $15.00/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$24.7K $14.03/SF
− OpEx
−$7.4K −$4.21/SF
NOI
$17.3K $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 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%
$345,580
Cap Rate 7%
$246,843
Cap Rate 9%
$191,989
Alternative Uses
Best Use
Multifamily LT 5
$246.8K
$216.0K – $288.0K
NOI $17,279 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$226.7K
$198.3K – $264.4K
NOI $15,866 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$325.9K
$285.1K – $380.2K
NOI $22,810 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,145
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
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 - Well-maintained 2-unit property in vibrant Hamtramck neighborhood.
Where is this duplex located?
The property is located at 3170 Jacob St Hamtramck, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit multifamily home ideal for rental income or multi‑family living.; Spacious 3‑bedroom, 1‑bath unit on the lower level.; Comfortable 2‑bedroom, 1‑bath unit upstairs.
