Building Details

Building Size 2,309 SF

Year Built 1929

Units 3

Listing Agency: eXp Realty LLC

Listed By: Revanda Benno Show Phone

Source: Elliman

Added: Apr 28 Changed: Oct 15 Last Checked: Oct 16 at 10:39AM

Report an Issue

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 eXp Realty LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1929, this two-unit duplex includes separate HVAC systems and water heaters for each residence. Both units are occupied by long-term tenants. Utility responsibilities are divided with tenants paying gas and electricity while the owner covers water.

Exterior features include a private garage, off-street parking, and a spacious backyard with a designated recreation area. New gutters were installed in Summer 2025, adding a recent exterior improvement. The property has a Walk Score of 66, a Bike Score of 54, and a Transit Score of 41, reflecting somewhat walkable conditions, bikeable access, and some transit service.

Key Highlights

• Two‑unit duplex built in 1929
• Long‑term tenants occupy both units
• Separate HVAC systems and water heaters for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,946

Cap Rate

9.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$418,920 $418.9K

Cap Rate 7%

$299,229 $299.2K

Cap Rate 9%

$232,733 $232.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,309 SF

Gross rent

$40.7K $17.64/SF

− Vacancy

−$2.6K −$1.15/SF

EGI

$38.1K $16.49/SF

− OpEx

−$17.1K −$7.42/SF

NOI

$20.9K $9.07/SF

Area

ZIP 48224

Vacancy

6.50%

Lease Rate

$17.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$418,920

Cap Rate 7%

$299,229

Cap Rate 9%

$232,733

Alternative Uses

Best Use

Multifamily LT 5

$325.0K

$284.4K – $379.2K (±1% cap)

NOI $22,749 @ 7.0% cap · market cap 9.90%

Second Best

Apartment 5plus

$299.2K

$261.8K – $349.1K (±1% cap)

NOI $20,946 @ 7.0% cap · market cap 9.11%

Theoretical Best

Office A

$582.4K

$509.6K – $679.5K (±1% cap)

NOI $40,768 @ 7.0% cap · market cap 17.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Skin Care Clinic Furniture & Home Goods Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

410

Businesses Nearby

Explore this area Business Placement

Demographics for 48224, MI

39,633

Population

16,786

Households

2.4

Avg Household Size

33

Median Age

14%

College-Educated

84%

High-School Grad

5.8 sq mi

ZIP Area

6,833

Density / Sq Mi

$42,963

Median Household Income

$30,997

Median Earnings

$1,213

Median Rent

$77,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Similar For Sale Nearby

See more

Two-Unit Brick Duplex

2980 Hazelwood Street, Detroit, MI 48206

$239,999

2,264 SF

View details

Renovated Two-Unit Duplex

6022 Hazlett Street, Detroit, MI 48210

$220,000

2,200 SF

View details

Duplex with Canal Access

847 Ashland Street, Detroit, MI 48215

$239,900

2,442 SF

View details

Two-Unit Duplex

3919 Devonshire Road, Detroit, MI 48224

$240,000

2,140 SF

View details

Brick Duplex With Two Decks

4205 Haverhill St, Detroit, MI 48224

$225,000

2,087 SF

View details

Updated Duplex with Private Basements

10842-38 Nottingham Road, Detroit, MI 48224

$195,000

2,400 SF

View details

Two-Story Duplex with Upper Balcony

1488 17th Street, Detroit, MI 48216

$190,000

2,378 SF

View details

Renovated Two-Unit Duplex

1583 Hurlbut Street, Detroit, MI 48214

$239,900

2,556 SF

View details

Two-Unit Brick Duplex

895 Blaine Street, Detroit, MI 48202

$250,000

2,502 SF

View details

Renovated Two-Unit Duplex

632 Clairmount Street, Detroit, MI 48202

$289,900

2,262 SF

View details

Brick Duplex with Detached Garage

17159 Indiana Street, Detroit, MI 48221

$170,000

2,307 SF

View details

Renovated Brick Duplex

4073 W Philadelphia Street, Detroit, MI 48204

$299,000

2,340 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Occupied duplex with separately metered utility responsibilities, individual HVAC systems, water heaters, and outdoor amenities.

Where is this duplex located?

The property is located at 4826 Yorkshire Rd Detroit, MI.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Two‑unit duplex built in 1929; Long‑term tenants occupy both units; Separate HVAC systems and water heaters for each unit