Renovated Side-by-Side
For Sale
$300,000
444 E Philadelphia St, Detroit, MI 48202
Renovated duplex delivered fully vacant with two side-by-side residential units.
Property Size2,242 SF
Price / SF$133.81
Days on Market50
Property Features for 444 E Philadelphia St
General Information
Standard status
Active
Size
2,242 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North End
Road Access
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Real Estate One Inc
(734) 217-3000
Listed By:
In Network Real Estate Group
(248) 655-7955
Source:
Innetworkrealestate
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 28 at 8:08AM
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 Real Estate One Inc
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Investment Insights
Based on property information with market context.
This renovated duplex at 444 E Philadelphia Street contains approximately 2,142 square feet arranged as two spacious three-bedroom units. The side-by-side configuration provides distinct residential layouts, while the fully vacant status supports either immediate owner occupancy or a new leasing plan.
The property is located in Detroit’s North End neighborhood, with access to New Center, Midtown, and major employment centers. Nearby destinations include Oak & Reel, Kiesling, HOT BONES, Supino, Baobab Fare, Tangent Gallery, Milwaukee Cafe, and The Schvitz. The surrounding area also features historic homes and tree-lined streets.
The property is located in Detroit’s North End neighborhood, with access to New Center, Midtown, and major employment centers. Nearby destinations include Oak & Reel, Kiesling, HOT BONES, Supino, Baobab Fare, Tangent Gallery, Milwaukee Cafe, and The Schvitz. The surrounding area also features historic homes and tree-lined streets.
Key Highlights
- Renovated duplex at 444 E Philadelphia Street, Detroit, MI 48202
- Approximately 2,142 square feet
- Two spacious 3‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,623
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,460
$512.5K
Cap Rate 7%
$366,043
$366.0K
Cap Rate 9%
$284,700
$284.7K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$39.0K $17.40/SF
− Vacancy
−$2.4K −$1.07/SF
EGI
$36.6K $16.33/SF
− OpEx
−$11.0K −$4.90/SF
NOI
$25.6K $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%
$512,460
Cap Rate 7%
$366,043
Cap Rate 9%
$284,700
Alternative Uses
Best Use
Multifamily LT 5
$366.0K
$320.3K – $427.1K
NOI $25,623 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$336.0K
$294.0K – $392.0K
NOI $23,520 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$494.6K
$432.8K – $577.0K
NOI $34,622 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex delivered fully vacant with two side-by-side residential units.
Where is this duplex located?
The property is located at 444 E Philadelphia St Detroit, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Renovated duplex at 444 E Philadelphia Street, Detroit, MI 48202; Approximately 2,142 square feet; Two spacious 3‑bedroom units
