Rented 4-Bed Duplex
449 W Evelyn Avenue Hazel Park, MI 48030
New
449 W Evelyn Avenue, Hazel Park, MI, 48030
$190,000
For Sale
$190,000
MULTI_FAMILY - Other - Hazel Park, MI
Property Size1,134 SF
Lot Size0.07 Acres
Price / SF$167.55
Days on Market3
Property Features for 449 W Evelyn Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
- Pets allowed
- Call
- Standard status
- Active
- APN
- 2535406003
- Size
- 1,134 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 35 FORD HEIGHTS SUB LOT 273, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
- Tax Annual Amount
- 4085
Utilities
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl
- Architectural style
- Other
Listing Agency
Keller Williams Somerset
(248) 649-7200
888 W Big Beaver Road #200, Troy, MI
Listed by
Joseph Hammel · License #6501422602
(248) 649-7200
Added: Jul 17 Checked: Jul 19 at 5:06 am
MLS# 20261053500
Listing URL
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 for-sale multifamily property includes two duplex units, each offering four bedrooms and two bathrooms. The units are described as already rented, generating cash flow for investors. Walkthrough photo and video are available through the listing agent.
The property is located at 449 W Evelyn Avenue in Hazel Park, Oakland County, Michigan (48030), and is identified as being on the border of Ferndale. The listing notes the property has similar finishes and layouts to other homes that have sold or are pending in the area.
Lot size is listed as 0.07 acres and the overall property size is 1,134 square feet. Zoning is Multi-Family. Showing requests must be submitted through ShowingTime, and offers should be submitted as a single PDF offer package including pre-approval or POF, sent to the agent as directed in the remarks.
The property is located at 449 W Evelyn Avenue in Hazel Park, Oakland County, Michigan (48030), and is identified as being on the border of Ferndale. The listing notes the property has similar finishes and layouts to other homes that have sold or are pending in the area.
Lot size is listed as 0.07 acres and the overall property size is 1,134 square feet. Zoning is Multi-Family. Showing requests must be submitted through ShowingTime, and offers should be submitted as a single PDF offer package including pre-approval or POF, sent to the agent as directed in the remarks.
Key Highlights
- 1925‑built duplex with vinyl construction and wall furnace heating
- Duplex unit layout includes 4 bedrooms and 2 bathrooms (each side described as 4‑bed/2‑bath)
- Public water supply
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $19.80 |
| − Vacancy | −$1.0k | −$0.89 |
| EGI | $21.4k | $18.91 |
| − OpEx | −$6.4k | −$5.67 |
| NOI | $15.0k | $13.24 |
1,134 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.4K
$187.6K – $250.2K
NOI $15,010 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$244.6K
$214.0K – $285.4K
NOI $17,122 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two rented 4-bedroom, 2-bath duplex units provide residential income under multifamily zoning.
Where is this duplex located?
The property is located at 449 W Evelyn Avenue Hazel Park, MI.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1925‑built duplex with vinyl construction and wall furnace heating; Duplex unit layout includes 4 bedrooms and 2 bathrooms (each side described as 4‑bed/2‑bath); Public water supply
