Renovated Multifamily Property in
For Sale
$1,280,000
4110-4114 Trumbull Street, Detroit, MI 48208
Three-unit multifamily property in Detroit's historic Woodbridge neighborhood.
Property Size4,950 SF
Price / SF$258.59
Days on Market195
Property Features for 4110-4114 Trumbull Street
General Information
Standard status
Active
Size
4,950 SF
Property subtype
Multi Family
Listing Agency:
Douglas Rose Realty
(810) 623-0228
Listed By:
Cooper Przekop · License #6501409524
(248) 880-2186
Source:
Blueowlprop
Added: Mar 27
Changed: Oct 2
Last Checked: Oct 7 at 11:49AM
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 Douglas Rose Realty
Investment Insights
Based on property information with market context.
The renovated three-unit multifamily property at 4110-4114 Trumbull is located in Detroit’s historic Woodbridge neighborhood. The property totals approximately 4,950 square feet. It is fully leased and stabilized, featuring spacious unit layouts and high-quality finishes. A rear carport provides four dedicated parking spaces. All three units are individually parceled as a condominium and benefit from a NEZ-R tax abatement. Located along Trumbull Avenue, the property sits within one of Detroit’s most desirable and architecturally significant neighborhoods, known for its historic homes and tree-lined streets. It also offers close proximity to Midtown and Downtown. Woodbridge is known for its preserved Victorian architecture and strong community character. The district has experienced steady reinvestment. Located directly adjacent to Midtown, the property benefits from proximity to major institutional anchors including Wayne State University, the Detroit Medical Center, and Henry Ford Health. Woodbridge continues to attract residents seeking historic character with close proximity to Midtown and Downtown, creating consistent demand for well-located residential properties within the neighborhood. Woodbridge remains one of Detroit’s most supply-constrained and stable residential neighborhoods, supporting long-term residential investment.
Key Highlights
- Fully leased and stabilized three‑unit multifamily property in Detroit's desirable Woodbridge neighborhood.
- NEZ‑R tax abatement provides significantly reduced property taxes and enhances investment returns.
- Individually parceled as a condominium.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,571
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,420
$1.1M
Cap Rate 7%
$808,157
$808.2K
Cap Rate 9%
$628,567
$628.6K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$86.1K $17.40/SF
− Vacancy
−$5.3K −$1.07/SF
EGI
$80.8K $16.33/SF
− OpEx
−$24.2K −$4.90/SF
NOI
$56.6K $11.43/SF
Area
Detroit, MI
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,420
Cap Rate 7%
$808,157
Cap Rate 9%
$628,567
Alternative Uses
Best Use
Multifamily LT 5
$808.2K
$707.1K – $942.9K
NOI $56,571 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$741.8K
$649.1K – $865.5K
NOI $51,929 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.09M
$955.5K – $1.27M
NOI $76,439 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily property in Detroit's historic Woodbridge neighborhood.
Where is this triplex located?
The property is located at 4110-4114 Trumbull Street Detroit, MI.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Fully leased and stabilized three‑unit multifamily property in Detroit's desirable Woodbridge neighborhood.; NEZ‑R tax abatement provides significantly reduced property taxes and enhances investment returns.; Individually parceled as a condominium.
