Residential Income Property with
49510 Keweenaw Court, Chesterfield, MI 48047
For Sale
New
$399,900
RESIDENTIAL, Duplex, Chesterfield, MI
Property Size2,242 SF
Price / SF$178.37
Days on Market2
Property Features for 49510 Keweenaw Court
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Pets allowed
Interior features
Exterior features
Fireplace
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Taxes and HOA fees
HOA Fee
Utilities
Heating system
Cooling system
Water source
Amenities
Vaulted Ceiling
Open Concept
Custom Features
Walnut cabinetry
Granite counters
Full Wall Stone Fireplace
Walk-in Closet
Custom Tub
Walk-in Shower
Open Basement
Trex Deck with Built In BarBQue
Building Details
Year built
Architectural style
Listing Agency:
Realty Executives Home Towne Shelby · Realty Executives International
(586) 726-4600
Listed By:
Rosalie Iwig · License MI #6506046822
(586) 612-5336
Added: Nov 14
Last Checked: Nov 15 at 10:06AM
MLS# 50227695
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,242-square-foot ranch-style residence was built in 2018 and has two bedrooms. Its open-concept main level features vaulted ceilings, walnut cabinetry, granite countertops, and a stone fireplace. The primary suite has a walk-in closet and an adjoining bathroom with a custom tub and walk-in shower. The basement includes an office area, storage shelving, a laundry sink, and a sump pump with backup overflow. A Trex deck with railing and a built-in barbecue overlooks a greenbelt.
The home is in a cul-de-sac setting within a community adjoining woods and the Salt River. Brandenburg Park is across Jefferson, and the remarks also note nearby grocery shopping, dining, freeway access, downtown New Baltimore, and the Chesterfield Community Center. Additional features include central air, forced-air heat, a garage, and a lawn sprinkler system.
The home is in a cul-de-sac setting within a community adjoining woods and the Salt River. Brandenburg Park is across Jefferson, and the remarks also note nearby grocery shopping, dining, freeway access, downtown New Baltimore, and the Chesterfield Community Center. Additional features include central air, forced-air heat, a garage, and a lawn sprinkler system.
Key Highlights
- 2,242‑square‑foot ranch‑style residence built in 2018
- Two bedrooms, including a primary suite with walk‑in closet and adjoining bath
- Basement has a separate office area, storage shelving, laundry sink, and sump pump with backup overflow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,055
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,100
$421.1K
Cap Rate 7%
$300,786
$300.8K
Cap Rate 9%
$233,944
$233.9K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$41.2K $18.36/SF
− Vacancy
−$2.9K −$1.29/SF
EGI
$38.3K $17.07/SF
− OpEx
−$17.2K −$7.68/SF
NOI
$21.1K $9.39/SF
Area
Macomb County, MI
Vacancy
7.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,100
Cap Rate 7%
$300,786
Cap Rate 9%
$233,944
Alternative Uses
Best Use
Apartment 5plus
$300.8K
$263.2K – $350.9K
NOI $21,055 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$419.7K
$367.3K – $489.7K
NOI $29,382 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
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Business Placement
Demographics for 48047, MI
39,775
Population
16,765
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,210
Density / Sq Mi
$95,381
Median Household Income
$50,151
Median Earnings
$1,109
Median Rent
$297,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Macomb County, MI
Properties on Market for Residential income properties in Macomb County
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, a finished office area in the basement, and a garage are among the residence’s practical features.
Where is this residential income property located?
The property is located at 49510 Keweenaw Court Chesterfield, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,242‑square‑foot ranch‑style residence built in 2018; Two bedrooms, including a primary suite with walk‑in closet and adjoining bath; Basement has a separate office area, storage shelving, laundry sink, and sump pump with backup overflow
