Brick Multifamily
For Sale
$230,000
4186 Drouillard Street, Lincoln Park, MI 48146
Multifamily, 1 Story, Lincoln Park, MI
Property Size1,200 SF
Lot Size0.10 Acres
Price / SF$191.67
Days on Market95
Property Features for 4186 Drouillard Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Multi-Family
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Pets allowed
Call
Subdivision
Lincoln Park Highlands Sub
Elementary school district
Lincoln Park
Middle school district
Lincoln Park
High school district
Lincoln Park
Directions
Southfield S/E to Fort, South to Goddard, to Drouillard
Standard status
Active
APN
45021080174000
Size
1,200 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
QD174 175A1 LOT 174 AND THE N 5 FT OF LOT 175 ALSO E 1/2 ADJ VAC ALLEY LINCOLN PARK HIGHLANDS SUB FRAC SEC 19 L46 P91 WCR
Tax Annual Amount
3092
Legal Description
QD174 175A1 LOT 174 AND THE N 5 FT OF LOT 175 ALSO E 1/2 ADJ VAC ALLEY LINCOLN PARK HIGHLANDS SUB FRAC SEC 19 L46 P91 WCR
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
3
Building materials
Brick
Architectural style
Ranch
Listing Agency:
Keller Williams Somerset · Keller Williams Realty
(248) 649-7200
Listed By:
Joseph Hammel · License #6501422602
(248) 422-1685
Added: Jul 6
Changed: Oct 7
Last Checked: Oct 8 at 11:06PM
MLS# 20261050386
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.
Investment Insights
Based on property information with market context.
This 1,200-square-foot brick multifamily property was built in 1958 and has a ranch-style layout, forced-air heating, and public water. The room information lists three bedrooms and three bathrooms. The property is offered as-is and is currently fully leased.
The site encompasses 0.1 acres and is zoned Multi-Family. A cap rate of approximately 8–9% is reported.
The site encompasses 0.1 acres and is zoned Multi-Family. A cap rate of approximately 8–9% is reported.
Key Highlights
- Currently fully leased
- Approximately 8–9% cap rate
- 1,200 Square Feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,818
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,360
$216.4K
Cap Rate 7%
$154,543
$154.5K
Cap Rate 9%
$120,200
$120.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.9K $17.40/SF
− Vacancy
−$1.2K −$1.01/SF
EGI
$19.7K $16.39/SF
− OpEx
−$8.9K −$7.38/SF
NOI
$10.8K $9.01/SF
Area
Wayne County, MI
Vacancy
5.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,360
Cap Rate 7%
$154,543
Cap Rate 9%
$120,200
Alternative Uses
Best Use
Apartment 5plus
$154.5K
$135.2K – $180.3K
NOI $10,818 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$222.2K
$194.4K – $259.2K
NOI $15,552 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Currently leased units provide in-place occupancy in a property zoned Multi-Family.
Where is this multifamily property located?
The property is located at 4186 Drouillard Street Lincoln Park, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Currently fully leased; Approximately 8–9% cap rate; 1,200 Square Feet
