Two-Story Brick
4021 Elmhurst Street, Detroit, MI 48204
For Sale
Contact for pricing
Multifamily, 2 Story, Detroit, MI
Property Size2,414 SF
Lot Size0.07 Acres
Price / SF$8.29
Days on Market327
Property Features for 4021 Elmhurst Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
RCH Brokerage Legacy Inc
Listed By:
Leonard A Pickett III · License MI #6501306589
(248) 440-2268
Added: Dec 23, 2025
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 20251060934
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 two-story duplex contains 2,414 square feet on a 0.07-acre parcel. Built in 1925, the brick residence follows a Colonial architectural style and includes four bedrooms, two bathrooms, and a basement. Forced-air heating and public water serve the property.
The building requires full rehabilitation. The property is located in Detroit’s Nardin Park neighborhood and is identified for residential use. Buyer offers must include a rehabilitation plan and financing documentation, including proof of funds or a pre-approval letter for a new construction loan.
The building requires full rehabilitation. The property is located in Detroit’s Nardin Park neighborhood and is identified for residential use. Buyer offers must include a rehabilitation plan and financing documentation, including proof of funds or a pre-approval letter for a new construction loan.
Key Highlights
- 2,414‑square‑foot duplex on a 0.07‑acre parcel
- Four bedrooms and two bathrooms
- Two‑story brick construction built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,325
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,500
$506.5K
Cap Rate 7%
$361,786
$361.8K
Cap Rate 9%
$281,389
$281.4K
Market Conditions
NOI Build-Up for 2,414 SF
Gross rent
$49.2K $20.40/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$46.0K $19.07/SF
− OpEx
−$20.7K −$8.58/SF
NOI
$25.3K $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%
$506,500
Cap Rate 7%
$361,786
Cap Rate 9%
$281,389
Alternative Uses
Best Use
Multifamily LT 5
$394.1K
$344.9K – $459.8K
NOI $27,588 @ 7.0% cap
Second Best
Apartment 5plus
$361.8K
$316.6K – $422.1K
NOI $25,325 @ 7.0% cap
Theoretical Best
Office A
$532.5K
$466.0K – $621.3K
NOI $37,278 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
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Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Detroit, MI
Properties on Market for Duplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Colonial-style duplex with a basement, forced-air heating, and substantial rehabilitation requirements.
Where is this duplex located?
The property is located at 4021 Elmhurst Street Detroit, MI.
What are key features of this property?
This property features: 2,414‑square‑foot duplex on a 0.07‑acre parcel; Four bedrooms and two bathrooms; Two‑story brick construction built in 1925
