Renovated Two-Unit
For Sale
$265,000
3756 Burlingame St, Detroit, MI 48206
Updated interiors, private basements, and separate living and dining areas support residential use in each unit.
Property Size2,208 SF
Price / SF$120.02
Days on Market59
Property Features for 3756 Burlingame St
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$31,200
Average Monthly Rent
$1,300
Site & Location
Neighborhood
Nardin Park
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1924
Buildings
1
Listing Agency:
Coldwell Banker Morehart Realty
Listed By:
Beyond MI Realty
(989) 214-2240
Source:
Beyondmirealty
Added: Sep 1
Changed: Oct 28
Last Checked: Oct 28 at 7:35AM
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 Coldwell Banker Morehart Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,208 square feet, with approximately 1,100 square feet in each residence. Both units offer 3 bedrooms and 1 bathroom, along with generously sized bedrooms, distinct living and dining rooms, and private basements. The building dates to 1924 and has undergone extensive interior renovation, including updated electrical, plumbing, drywall, flooring, kitchens, and bathrooms.
Exterior work includes new siding and gutters. The basement walls were professionally reinforced by Michigan Basements. Located at 3756 Burlingame St in Detroit, the property is currently occupied by tenants in both units.
Exterior work includes new siding and gutters. The basement walls were professionally reinforced by Michigan Basements. Located at 3756 Burlingame St in Detroit, the property is currently occupied by tenants in both units.
Key Highlights
- 2,208‑square‑foot duplex with two residential units
- Each unit includes 3 bedrooms and 1 bathroom
- Approximately 1,100 square feet of living space per floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,163
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,260
$463.3K
Cap Rate 7%
$330,900
$330.9K
Cap Rate 9%
$257,367
$257.4K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$45.0K $20.40/SF
− Vacancy
−$2.9K −$1.33/SF
EGI
$42.1K $19.07/SF
− OpEx
−$19.0K −$8.58/SF
NOI
$23.2K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,260
Cap Rate 7%
$330,900
Cap Rate 9%
$257,367
Alternative Uses
Best Use
Multifamily LT 5
$360.5K
$315.4K – $420.6K
NOI $25,234 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$330.9K
$289.5K – $386.1K
NOI $23,163 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$487.1K
$426.2K – $568.3K
NOI $34,097 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
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 - Updated interiors, private basements, and separate living and dining areas support residential use in each unit.
Where is this duplex located?
The property is located at 3756 Burlingame St Detroit, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,208‑square‑foot duplex with two residential units; Each unit includes 3 bedrooms and 1 bathroom; Approximately 1,100 square feet of living space per floor
