Brick Duplex with Two
4824 CORTLAND Street, Detroit, MI 48204
For Sale
Contact for pricing
Multifamily, 2 Story, Detroit, MI
Property Size2,406 SF
Lot Size0.09 Acres
Price / SF$6.23
Days on Market741
Property Features for 4824 CORTLAND Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
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:
Keller Williams Realty-Great Lakes
(586) 541-4000
Listed By:
Erick Monzo · License MI #6502427681
(586) 210-3350
Added: Nov 4, 2024
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 20240079043
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,406 square feet within a two-story residential structure built in 1926. The property has brick construction, Colonial architectural styling, two bathrooms, multiple bedrooms, and a basement. Public water service and forced-air heating are in place.
Located in Detroit’s 48204 ZIP Code, the property occupies a 0.09-acre lot and is zoned Residential. It is being sold as is and is positioned for restoration. The Detroit Land Bank Authority retains a tax-capture right for the five tax years following transfer, which may affect eligibility for otherwise available tax abatement.
Located in Detroit’s 48204 ZIP Code, the property occupies a 0.09-acre lot and is zoned Residential. It is being sold as is and is positioned for restoration. The Detroit Land Bank Authority retains a tax-capture right for the five tax years following transfer, which may affect eligibility for otherwise available tax abatement.
Key Highlights
- Two‑unit duplex with 2,406 square feet
- Built in 1926 with brick construction and Colonial styling
- 0.09‑acre residential lot in Detroit, MI 48204
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,241
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,820
$504.8K
Cap Rate 7%
$360,586
$360.6K
Cap Rate 9%
$280,456
$280.5K
Market Conditions
NOI Build-Up for 2,406 SF
Gross rent
$49.1K $20.40/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$45.9K $19.07/SF
− OpEx
−$20.7K −$8.58/SF
NOI
$25.2K $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%
$504,820
Cap Rate 7%
$360,586
Cap Rate 9%
$280,456
Alternative Uses
Best Use
Multifamily LT 5
$392.8K
$343.7K – $458.3K
NOI $27,497 @ 7.0% cap
Second Best
Apartment 5plus
$360.6K
$315.5K – $420.7K
NOI $25,241 @ 7.0% cap
Theoretical Best
Office A
$530.8K
$464.4K – $619.2K
NOI $37,154 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
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
$53,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Two-unit residential property with a basement, public water service, and forced-air heating.
Where is this duplex located?
The property is located at 4824 CORTLAND Street Detroit, MI.
What are key features of this property?
This property features: Two‑unit duplex with 2,406 square feet; Built in 1926 with brick construction and Colonial styling; 0.09‑acre residential lot in Detroit, MI 48204
