Historic Side-by-Side
For Sale
$499,000
4157 Trumbull St, Detroit, MI 48208
Two residences retain original architectural details, with flexible attic, basement, laundry, and storage areas.
Property Size3,500 SF
Price / SF$142.57
Days on Market28
Property Features for 4157 Trumbull St
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,851
Building Details
Buildings
1
Listing Agency:
Nika & Co
(248) 266-2566
Listed By:
Vadim Oss · License #6505433305
(248) 266-2566
Source:
Exprealty
Added: Jul 14
Changed: Aug 9
Last Checked: Aug 9 at 7:39AM
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 Nika & Co
Investment Insights
Based on property information with market context.
This 3,500-square-foot side-by-side duplex at 4157–4161 Trumbull St. retains substantial historic character across both residences. Interior features include coffered ceilings, original millwork, hardwood flooring, built-in cabinetry, and six fireplaces in total. Unit 4157 includes two full bathrooms, a finished third-floor attic, and an electrical panel installed in 2025. Unit 4161 provides one full bathroom and one half bathroom. The divided unfinished basement has a pass-through between sides, separate laundry areas, and storage space.
The property is located in Detroit’s Woodbridge Historic District, near Wayne State University, the Detroit Medical Center, and Henry Ford Health. Restaurants, cafés, breweries, nightlife, the Detroit Institute of Arts, and the Detroit Public Library are identified nearby. Regional access includes M-10, I-96, I-75, and I-94, with public transit outside the property.
The property is located in Detroit’s Woodbridge Historic District, near Wayne State University, the Detroit Medical Center, and Henry Ford Health. Restaurants, cafés, breweries, nightlife, the Detroit Institute of Arts, and the Detroit Public Library are identified nearby. Regional access includes M-10, I-96, I-75, and I-94, with public transit outside the property.
Key Highlights
- 3,500‑square‑foot side‑by‑side duplex in Detroit’s Woodbridge Historic District
- Six fireplaces across the two residences, plus coffered ceilings and original millwork
- Unit 4157 includes 2 full bathrooms and a finished third‑floor attic
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
$40,000
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
8.02%
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%
$800,000
$800.0K
Cap Rate 7%
$571,429
$571.4K
Cap Rate 9%
$444,444
$444.4K
Market Conditions
NOI Build-Up for 3,500 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
$60.9K $17.40/SF
− Vacancy
−$3.8K −$1.07/SF
EGI
$57.1K $16.33/SF
− OpEx
−$17.1K −$4.90/SF
NOI
$40.0K $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 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%
$800,000
Cap Rate 7%
$571,429
Cap Rate 9%
$444,444
Alternative Uses
Best Use
Multifamily LT 5
$571.4K
$500.0K – $666.7K
NOI $40,000 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$524.5K
$459.0K – $612.0K
NOI $36,717 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$772.1K
$675.6K – $900.8K
NOI $54,048 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,192
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences retain original architectural details, with flexible attic, basement, laundry, and storage areas.
Where is this duplex located?
The property is located at 4157 Trumbull St Detroit, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,500‑square‑foot side‑by‑side duplex in Detroit’s Woodbridge Historic District; Six fireplaces across the two residences, plus coffered ceilings and original millwork; Unit 4157 includes 2 full bathrooms and a finished third‑floor attic
