Remodeled Colonial
New
For Sale
$350,000
50 S Rose Street, Mount Clemens, MI 48043
MULTI_FAMILY - Colonial - Mt. Clemens, MI
Property Size2,312 SF
Lot Size0.16 Acres
Price / SF$151.38
Days on Market3
Property Features for 50 S Rose Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2
Pets allowed
Cats OK
Interior features
Circuit Breakers, Laundry Facility
Subdivision
Wood Sub
Elementary school district
Mount Clemens
Middle school district
Mount Clemens
High school district
Mount Clemens
Directions
South of Cass Ave. on the west side of the street.
Standard status
Active
APN
051115229033
Size
2,312 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
WOOD SUB LOTS 26 & 27.
Tax Annual Amount
4354
Legal Description
WOOD SUB LOTS 26 & 27.
Utilities
Heating system
Forced Air
Water source
Public
Amenities
on-site parking
storage units
in-unit laundry
Building Details
Year built
1962
Floors in Building
2
Number of units
4
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
KW Platinum · Keller Williams Realty
(586) 949-0200
Listed By:
John M Xuereb
(586) 949-0200
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 14 at 4:06AM
MLS# 20261063611
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 2,312-square-foot Colonial-style quadplex contains four residential units, each with private in-unit laundry. One apartment is vacant and has been fully remodeled for immediate leasing, while the remaining units include two long-term tenancies and one newer tenancy. Current occupants are on month-to-month leases, and residents pay their own electric and gas service.
The 1962 building sits on a 0.16-acre residentially zoned parcel at 50 S Rose Street in Mt. Clemens. Improvements include forced-air heating, circuit breakers, public water, an asphalt roof installed in 2026, and aluminum and brick construction. Rear parking is provided on site, along with four exterior storage units allocated one per apartment. The current city rental C of O is up to date.
The 1962 building sits on a 0.16-acre residentially zoned parcel at 50 S Rose Street in Mt. Clemens. Improvements include forced-air heating, circuit breakers, public water, an asphalt roof installed in 2026, and aluminum and brick construction. Rear parking is provided on site, along with four exterior storage units allocated one per apartment. The current city rental C of O is up to date.
Key Highlights
- Four‑unit Colonial building with 2,312 square feet
- One vacant apartment has been fully remodeled for leasing
- In‑unit laundry provided in all 4 units
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
800
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 residential building with in-unit laundry, rear parking, and a recently remodeled vacant apartment.
Where is this quadplex located?
The property is located at 50 S Rose Street 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 Colonial building with 2,312 square feet; One vacant apartment has been fully remodeled for leasing; In‑unit laundry provided in all 4 units
