Residential Income Property with
New
For Sale
$349,900
52843 Sable Drive, Macomb, MI 48042
RESIDENTIAL, Duplex, Macomb, MI
Property Size1,667 SF
Lot Size28.87 Acres
Price / SF$209.90
Days on Market1
Property Features for 52843 Sable Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Laundry Room, Bathroom 1, Bathroom 2, Den, Bedroom 2, Basement
Patio and Porch features
Patio, Porch
Pets allowed
Number Limit, Size Limit, Call
Interior features
Cable/Internet Avail., Cathedral/Vaulted Ceiling, Hardwood Floors, Sump Pump, Walk-In Closet, Window Treatment(s)
Exterior features
Lawn Sprinkler, Patio, Porch
Fireplace
1
Appliances
Disposal, Dryer, Humidifier, Microwave, Range/Oven, Refrigerator, Washer
Subdivision
Silver Pines Village Condo#810
Lot features
Cul-De-Sac, Dead End, Subdivision, Sidewalks
Elementary school district
Utica Community Schools
Middle school district
Utica Community Schools
High school district
Utica Community Schools
Standard status
Active
APN
20-08-17-126-027
Size
1,667 SF
Lot size
28.87 Acres
Taxes and HOA fees
Tax Year
2025
HOA Fee
$250 Monthly
Utilities
Heating system
Forced Air, Humidity Control (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
gas fireplace
paver patio
full basement
first-floor laundry
Building Details
Year built
2004
Floors in Building
2
Architectural style
Split Level
Listing Agency:
Keller Williams Realty Lakeside
(586) 532-0500
Listed By:
Joseph A. Iacona · License #6501229629
(586) 557-0268
Added: Sep 3
Last Checked: Sep 3 at 10:06PM
MLS# 50220722
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.
Investment Insights
Based on property information with market context.
Located at 52843 Sable Drive in Macomb, Michigan, this 1,667-square-foot residential income property is an end-unit condo in the Silver Pines Subdivision. The split-level layout includes a living room with a gas fireplace, kitchen, breakfast nook, den or office, first-floor laundry, and a primary suite with a walk-in closet and full bath. A second bedroom and full bath are located upstairs.
The property also includes a full basement, paver patio, porch, lawn sprinkler system, central air, forced-air heating, hardwood floors, vaulted ceilings, and a sump pump. Built in 2004, the home has public water service and includes kitchen appliances, a washer, dryer, humidifier, and window treatments.
The property also includes a full basement, paver patio, porch, lawn sprinkler system, central air, forced-air heating, hardwood floors, vaulted ceilings, and a sump pump. Built in 2004, the home has public water service and includes kitchen appliances, a washer, dryer, humidifier, and window treatments.
Key Highlights
- 1,667‑square‑foot end‑unit condo in Silver Pines Subdivision
- Split‑level layout with two bedrooms, three bathrooms, den or office, and first‑floor laundry
- Primary suite includes a walk‑in closet and full bath
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
$15,655
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
4.47%
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%
$313,100
$313.1K
Cap Rate 7%
$223,643
$223.6K
Cap Rate 9%
$173,944
$173.9K
Market Conditions
NOI Build-Up for 1,667 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
$30.6K $18.36/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$28.5K $17.07/SF
− OpEx
−$12.8K −$7.68/SF
NOI
$15.7K $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 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%
$313,100
Cap Rate 7%
$223,643
Cap Rate 9%
$173,944
Alternative Uses
Best Use
Apartment 5plus
$223.6K
$195.7K – $260.9K
NOI $15,655 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.1K
$273.1K – $364.1K
NOI $21,846 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 48042, MI
33,398
Population
12,067
Households
2.8
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
22.8 sq mi
ZIP Area
1,465
Density / Sq Mi
$125,433
Median Household Income
$61,261
Median Earnings
$1,569
Median Rent
$374,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit condo with a split-level layout, private patio, fireplace, and finished living spaces across two levels.
Where is this residential income property located?
The property is located at 52843 Sable Drive Macomb, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,667‑square‑foot end‑unit condo in Silver Pines Subdivision; Split‑level layout with two bedrooms, three bathrooms, den or office, and first‑floor laundry; Primary suite includes a walk‑in closet and full bath
