Remodeled Quadplex with
For Sale
$350,000
50 S Rose St, Mount Clemens, MI 48043
Four-unit property with individual laundry, rear parking, and a renovated vacancy available for leasing.
Property Size2,312 SF
Days on Market8
Property Features for 50 S Rose St
General Information
Standard status
Active
Size
2,312 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,354
Amenities
in-unit laundry
on-site parking
storage units
Building Details
Building Size
2,312 SF
Year Built
1962
Buildings
1
Units
4
Listing Agency:
Keller Williams Realty Macomb-St. Clair Market Center
(586) 949-0200
Listed By:
John M Xuereb
(586) 949-0200
Source:
Elliman
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 20 at 10:17AM
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 Keller Williams Realty Macomb-St. Clair Market Center
Investment Insights
Based on property information with market context.
This four-unit residential income property in Mount Clemens includes a remodeled vacant apartment used for showings, along with three occupied units. Each apartment has private laundry facilities, and the building includes four rear storage units assigned one per tenant. Rear parking serves the property, while the current city rental C of O is up to date.
The property was built in 1962 and received a new roof in 2026. Existing residents occupy the building under month-to-month leases, and tenants are responsible for their own electric and gas service. The combination of a renovated vacant unit, dedicated storage, on-site parking, and established occupancy provides a straightforward quadplex configuration.
The property was built in 1962 and received a new roof in 2026. Existing residents occupy the building under month-to-month leases, and tenants are responsible for their own electric and gas service. The combination of a renovated vacant unit, dedicated storage, on-site parking, and established occupancy provides a straightforward quadplex configuration.
Key Highlights
- Four‑unit residential income property in Mount Clemens
- One vacant apartment has been completely remodeled
- Private laundry facilities in every unit
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
$24,475
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
6.99%
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%
$489,500
$489.5K
Cap Rate 7%
$349,643
$349.6K
Cap Rate 9%
$271,944
$271.9K
Market Conditions
NOI Build-Up for 2,312 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
$37.5K $16.20/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$35.0K $15.12/SF
− OpEx
−$10.5K −$4.54/SF
NOI
$24.5K $10.59/SF
Area
Macomb County, MI
Vacancy
6.65%
Lease Rate
$16.20 /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%
$489,500
Cap Rate 7%
$349,643
Cap Rate 9%
$271,944
Alternative Uses
Best Use
Multifamily LT 5
$349.6K
$305.9K – $407.9K
NOI $24,475 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$310.2K
$271.4K – $361.9K
NOI $21,712 @ 7.0% cap · market cap 6.20%
Theoretical Best
Specialty Retail
$432.8K
$378.7K – $505.0K
NOI $30,299 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
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?
Quadplex - Four-unit property with individual laundry, rear parking, and a renovated vacancy available for leasing.
Where is this quadplex located?
The property is located at 50 S Rose St Mount Clemens, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four‑unit residential income property in Mount Clemens; One vacant apartment has been completely remodeled; Private laundry facilities in every unit
