Two-Unit
New
For Sale
$240,000
3919 Devonshire Road, Detroit, MI 48224
Multifamily, 2 Story, Detroit, MI
Property Size2,140 SF
Lot Size0.11 Acres
Price / SF$112.15
Days on Market3
Property Features for 3919 Devonshire Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family,Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Basement, Bedroom 2
Pets allowed
Yes
Subdivision
EAST DETROIT DEVELOPMENT COS NO 1 - NEZ
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
I-94 to Cadieux rd. south to E Outer Dr, west to Devonshire Rd, south to property
Standard status
Active
APN
W27I250210S
Size
2,140 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
W DEVONSHIRE 501 EAST DETROIT DEVELOPMENT COS SUB NO 1 L36 P19 PLATS, WCR 21/427 40 X 114
Tax Annual Amount
486
Legal Description
W DEVONSHIRE 501 EAST DETROIT DEVELOPMENT COS SUB NO 1 L36 P19 PLATS, WCR 21/427 40 X 114
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1928
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Tudor
Listing Agency:
Golden Key Realty Group LLC
(248) 422-6962
Listed By:
Morgan Hoke
(313) 460-0463
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 18 at 2:06PM
MLS# 20261084135
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.
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Investment Insights
Based on property information with market context.
This renovated Detroit duplex contains 2,140 square feet across two residences. Each unit includes two bedrooms and one full bathroom. The brick building was constructed in 1928 and has a Tudor architectural style, forced-air heating, and public water service.
The property occupies a 0.11-acre lot and is zoned for multi-family and residential use.
The property occupies a 0.11-acre lot and is zoned for multi-family and residential use.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 2,140 square feet of building area
- 0.11‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,084
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,680
$421.7K
Cap Rate 7%
$301,200
$301.2K
Cap Rate 9%
$234,267
$234.3K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$32.1K $15.00/SF
− Vacancy
−$2.0K −$0.93/SF
EGI
$30.1K $14.07/SF
− OpEx
−$9.0K −$4.22/SF
NOI
$21.1K $9.85/SF
Area
ZIP 48224
Vacancy
6.17%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,680
Cap Rate 7%
$301,200
Cap Rate 9%
$234,267
Alternative Uses
Best Use
Multifamily LT 5
$301.2K
$263.6K – $351.4K
NOI $21,084 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$277.3K
$242.7K – $323.6K
NOI $19,413 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$539.8K
$472.3K – $629.8K
NOI $37,785 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
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 - Each residence has two bedrooms and one full bathroom, with multi-family residential zoning.
Where is this duplex located?
The property is located at 3919 Devonshire Road Detroit, MI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 2,140 square feet of building area; 0.11‑acre lot
