Colonial Triplex
For Sale
$249,999
4826 Yorkshire Road, Detroit, MI 48224
MULTI_FAMILY - Colonial - Detroit, MI
Property Size2,309 SF
Lot Size0.11 Acres
Price / SF$108.27
Days on Market154
Property Features for 4826 Yorkshire Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Basement, Bedroom 2, Bedroom 1, Bedroom 4
Parking
2
Exterior features
Awning/Overhang(s)
Subdivision
Grosse Pointe View
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
94 To Cadieux, East On Cadieux, Right On E Warren, Left On Yorkshire
Standard status
Active
APN
W21I073173S
Size
2,309 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
E YORKSHIRE 33 GROSSE POINTE VIEW SUB L48 P35 PLATS, W C R 21/717 40 X 123.49A NEZH CERT #2006-1757, NEZ PARCEL #27061757.
Tax Annual Amount
8524
Legal Description
E YORKSHIRE 33 GROSSE POINTE VIEW SUB L48 P35 PLATS, W C R 21/717 40 X 123.49A NEZH CERT #2006-1757, NEZ PARCEL #27061757.
Utilities
Heating system
Hot Water(Heating), Forced Air
Water source
Public
Amenities
private garage
spacious backyard
dedicated recreation area
Building Details
Year built
1929
Floors in Building
2
Number of units
3
Building materials
Brick
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
EXP Z Real Estate
(248) 937-1337
Listed By:
Revanda Benno
(888) 501-7085
Added: Mar 11
Changed: Aug 3
Last Checked: Aug 11 at 10:06AM
MLS# 20261014895
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 Colonial-style triplex property on a 0.11-acre lot features brick construction, an asphalt roof, and a layout that includes a basement and multiple bedrooms and bathrooms. Heating is provided by forced air and hot water systems. The home is set up with separate HVAC systems and water heaters for each unit, with tenants responsible for gas and electricity while the owner covers water.
Exterior updates include new gutters installed in Summer 2025. Additional exterior features include an awning/overhang. The property also offers off-street parking, a private garage, and a spacious backyard with a dedicated recreation area.
The property is connected to public water, and it is classified under Residential zoning. Built in 1929, this is a brick, Colonial multifamily with separate mechanicals that can simplify day-to-day utility management.
Exterior updates include new gutters installed in Summer 2025. Additional exterior features include an awning/overhang. The property also offers off-street parking, a private garage, and a spacious backyard with a dedicated recreation area.
The property is connected to public water, and it is classified under Residential zoning. Built in 1929, this is a brick, Colonial multifamily with separate mechanicals that can simplify day-to-day utility management.
Key Highlights
- 0.11‑acre lot with Colonial architectural style and brick construction
- Separate HVAC systems and water heaters for each unit; tenants pay gas and electricity; owner pays water
- New gutters installed in Summer 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,980
$455.0K
Cap Rate 7%
$324,986
$325.0K
Cap Rate 9%
$252,767
$252.8K
Market Conditions
NOI Build-Up for 2,309 SF
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.
Gross rent
$34.6K $15.00/SF
− Vacancy
−$2.1K −$0.93/SF
EGI
$32.5K $14.07/SF
− OpEx
−$9.7K −$4.22/SF
NOI
$22.7K $9.85/SF
Area
ZIP 48224
Vacancy
6.17%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,980
Cap Rate 7%
$324,986
Cap Rate 9%
$252,767
Alternative Uses
Best Use
Multifamily LT 5
$325.0K
$284.4K – $379.2K
NOI $22,749 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$299.2K
$261.8K – $349.1K
NOI $20,946 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$582.4K
$509.6K – $679.5K
NOI $40,768 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
455
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separate HVAC and water heaters for each unit, plus off-street parking and a private garage.
Where is this triplex located?
The property is located at 4826 Yorkshire Road Detroit, MI.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: 0.11‑acre lot with Colonial architectural style and brick construction; Separate HVAC systems and water heaters for each unit; tenants pay gas and electricity; owner pays water; New gutters installed in Summer 2025
