Updated Duplex With
For Sale
$299,900
4932 Reuter St, Dearborn, MI 48126
Two matching three-bedroom units offer flexible layouts in a multifamily property near Michigan Avenue.
Property Size2,832 SF
Price / SF$105.90
Days on Market96
Property Features for 4932 Reuter St
General Information
Standard status
Active
Size
2,832 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Site & Location
Neighborhood
Fordson West
Highway Access
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Real Estate One-Dbn Hts/Dbn
Listed By:
Ahmed M Almawri · License #6501344491
(313) 522-0110
Source:
Metrodetroithomeguide
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 28 at 9:00AM
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-Dbn Hts/Dbn
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Investment Insights
Based on property information with market context.
This duplex contains 2,832 square feet across two similarly arranged residences. Each unit includes three bedrooms, a living room, dining room, kitchen, and full bathroom, creating a consistent configuration for the property. Updates have been completed, and the building includes a one-car garage.
The property is located on Reuter St in Dearborn near Michigan Avenue. Restaurants, shopping, schools, parks, and everyday amenities are nearby, with access to major freeways and surrounding communities.
The property is located on Reuter St in Dearborn near Michigan Avenue. Restaurants, shopping, schools, parks, and everyday amenities are nearby, with access to major freeways and surrounding communities.
Key Highlights
- Two‑family duplex with 2,832 square feet
- Each unit includes 3 bedrooms, living room, dining room, kitchen, and full bathroom
- Updates completed throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,422
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,440
$508.4K
Cap Rate 7%
$363,171
$363.2K
Cap Rate 9%
$282,467
$282.5K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$49.3K $17.40/SF
− Vacancy
−$3.1K −$1.08/SF
EGI
$46.2K $16.32/SF
− OpEx
−$20.8K −$7.34/SF
NOI
$25.4K $8.98/SF
Area
Dearborn, MI
Vacancy
6.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,440
Cap Rate 7%
$363,171
Cap Rate 9%
$282,467
Alternative Uses
Best Use
Multifamily LT 5
$397.2K
$347.5K – $463.4K
NOI $27,803 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$363.2K
$317.8K – $423.7K
NOI $25,422 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$624.8K
$546.7K – $728.9K
NOI $43,733 @ 7.0% cap · market cap 14.58%
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
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 48126, MI
55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
Median Home Value
Check the figures for this property
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 - Two matching three-bedroom units offer flexible layouts in a multifamily property near Michigan Avenue.
Where is this duplex located?
The property is located at 4932 Reuter St Dearborn, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑family duplex with 2,832 square feet; Each unit includes 3 bedrooms, living room, dining room, kitchen, and full bathroom; Updates completed throughout the property
