Duplex with Private
5029 Trumbull St, Detroit, MI 48208
For Sale
$575,000
Both residences have dedicated laundry and basement areas, with separate layouts across the upper and lower levels.
Property Size4,090 SF
Price / SF$143.75
Days on Market48
Property Features for 5029 Trumbull St
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Gross Income
Average Monthly Rent
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Tenancy
Listing Agency:
O'Connor Realty Detroit, LLC
Listed By:
Daniel Ericksen · License MI #6501408419
(248) 376-2231
Source:
Elliman
Added: Sep 24
Changed: Nov 7
Last Checked: Nov 10 at 9:13AM
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 O'Connor Realty Detroit, LLC
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Investment Insights
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Built in 1910, this Detroit duplex contains about 4,000 square feet across two residences. The upper home spans two floors and has five bedrooms, two full bathrooms, two porches, and its own laundry room. The lower residence offers three bedrooms, one full bathroom, two porches, and separate laundry. Each unit also has private basement space. Both are occupied by Wayne State students.
The property is across the street from Wayne State’s campus and field house, with Lexington Bar, Bash Original Izakaya, Pie-Sci Pizza, and Woodbridge Pub a short walk away. Improvements include new furnaces, central A/C, and hot water tanks in 2021; refreshed kitchens and bathrooms; porch and fire escape work in 2018; many replacement windows; and a PVC backyard privacy fence installed in 2022.
The property is across the street from Wayne State’s campus and field house, with Lexington Bar, Bash Original Izakaya, Pie-Sci Pizza, and Woodbridge Pub a short walk away. Improvements include new furnaces, central A/C, and hot water tanks in 2021; refreshed kitchens and bathrooms; porch and fire escape work in 2018; many replacement windows; and a PVC backyard privacy fence installed in 2022.
Key Highlights
- About 4,000 square feet in a two‑unit property
- Upper residence has 5 bedrooms and 2 full bathrooms; lower residence has 3 bedrooms and 1 full bathroom
- Two porches and a separate laundry room for each residence; private basement areas also provided
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,714
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,280
$914.3K
Cap Rate 7%
$653,057
$653.1K
Cap Rate 9%
$507,933
$507.9K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$69.6K $17.40/SF
− Vacancy
−$4.3K −$1.07/SF
EGI
$65.3K $16.33/SF
− OpEx
−$19.6K −$4.90/SF
NOI
$45.7K $11.43/SF
Area
Detroit, MI
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,280
Cap Rate 7%
$653,057
Cap Rate 9%
$507,933
Alternative Uses
Best Use
Multifamily LT 5
$653.1K
$571.4K – $761.9K
NOI $45,714 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$599.5K
$524.5K – $699.4K
NOI $41,963 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$882.4K
$772.1K – $1.03M
NOI $61,769 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
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Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Detroit, MI
Properties on Market for Duplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have dedicated laundry and basement areas, with separate layouts across the upper and lower levels.
Where is this duplex located?
The property is located at 5029 Trumbull St Detroit, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: About 4,000 square feet in a two‑unit property; Upper residence has 5 bedrooms and 2 full bathrooms; lower residence has 3 bedrooms and 1 full bathroom; Two porches and a separate laundry room for each residence; private basement areas also provided
