Brick Duplex with
4212 Webb Street, Detroit, MI 48204
For Sale
Contact for pricing
Multifamily, 2 Story, Detroit, MI
Property Size2,144 SF
Lot Size0.08 Acres
Price / SF$8.63
Days on Market9
Property Features for 4212 Webb 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
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: Nov 5
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 20261089775
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.
Built in 1929, this two-story brick duplex contains 2,144 square feet on a 0.08-acre lot. The room information identifies six bedrooms and two bathrooms, with a basement. The property requires full rehabilitation.
Located in Detroit’s Nardin Park neighborhood, the property is subject to a DLBA tax capture for the five tax years following transfer of ownership. That capture may not be compatible with tax abatements; the DLBA may consider waiving its rights and may require a payment in lieu of taxes based on the development pro forma and financing effects.
Located in Detroit’s Nardin Park neighborhood, the property is subject to a DLBA tax capture for the five tax years following transfer of ownership. That capture may not be compatible with tax abatements; the DLBA may consider waiving its rights and may require a payment in lieu of taxes based on the development pro forma and financing effects.
Key Highlights
- 2,144‑square‑foot brick duplex built in 1929
- 0.08‑acre lot in Detroit’s Nardin Park neighborhood
- Two‑story layout with six bedrooms, two bathrooms, and a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,492
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,840
$449.8K
Cap Rate 7%
$321,314
$321.3K
Cap Rate 9%
$249,911
$249.9K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$43.7K $20.40/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$40.9K $19.07/SF
− OpEx
−$18.4K −$8.58/SF
NOI
$22.5K $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%
$449,840
Cap Rate 7%
$321,314
Cap Rate 9%
$249,911
Alternative Uses
Best Use
Multifamily LT 5
$350.0K
$306.3K – $408.4K
NOI $24,503 @ 7.0% cap
Second Best
Apartment 5plus
$321.3K
$281.2K – $374.9K
NOI $22,492 @ 7.0% cap
Theoretical Best
Office A
$473.0K
$413.9K – $551.8K
NOI $33,108 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
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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 - The property requires comprehensive rehabilitation and includes a basement.
Where is this duplex located?
The property is located at 4212 Webb Street Detroit, MI.
What are key features of this property?
This property features: 2,144‑square‑foot brick duplex built in 1929; 0.08‑acre lot in Detroit’s Nardin Park neighborhood; Two‑story layout with six bedrooms, two bathrooms, and a basement
