Duplex with Street-Facing
For Sale
$289,900
534 Holbrook St, Detroit, MI 48202
Duplex in Detroit with two 2-bedroom, 1-bath units and an upper unit street-facing balcony.
Property Size1,966 SF
Price / SF$147.46
Days on Market106
Property Features for 534 Holbrook St
General Information
Standard status
Active
Size
1,966 SF
Property subtype
Multi-Unit (2-4)
Site & Location
Neighborhood
North End
Amenities
Asphalt Roof
Sewer Type: Municipal
Total Taxes: $5,547, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Hardwood Floor
Forced Air Heating, Natural Gas Heat Fuel, Gas Heat Fuel
Kitchen
Sale, Sale Type: Foreclosure, Availability Date: 2026-07-17
Basement Type: Full, Unfinished, Area Square Footage: 968
4 Bedrooms
Residential Style: 2600, Building Style: Duplex, 2 Stories, Built in 1912, Renovation Year: 2022
Neighborhood Name: North End
Property Zone Type: 100, Above Area Square Feet: 1966
2 Full Baths
Water Source: Municipal, Natural Gas Available
Dining Room
Living Room
Master Bedroom
Construction Type: Masonry - Brick, Deck, Patio, Covered Porch
Brick Siding
Oven, Refrigerator, Garbage Disposal, Washer, Dryer, Hot Water Heater
Building Details
Year Built
1912
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Connection - Detroit
(248) 505-2509
Listed By:
Dennis Jakub · License #6501449193
(313) 800-8465
Source:
Doyle-realty
Added: Jul 16
Changed: Oct 29
Last Checked: Oct 28 at 7:48AM
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 RE/MAX Connection - Detroit
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Investment Insights
Based on property information with market context.
Duplex located at 534 Holbrook St, built in 1912, featuring two residential units. Each unit offers 2 bedrooms and 1 full bathroom. The interiors include hardwood floors and oversized windows that bring in abundant natural light.
The kitchens are updated with original built-in cabinetry retained, supporting a blend of historic character and modern finishes. The upper unit includes access to a private street-facing balcony. The bathrooms feature updated vanities, tub/shower combinations, and natural light.
Outside, the property provides outdoor space for gardening or entertaining. The lower unit is currently tenant-occupied, providing steady occupancy. With a total property size of 1,966 square feet, the layout is designed for flexible living and straightforward furnishing in each apartment.
The kitchens are updated with original built-in cabinetry retained, supporting a blend of historic character and modern finishes. The upper unit includes access to a private street-facing balcony. The bathrooms feature updated vanities, tub/shower combinations, and natural light.
Outside, the property provides outdoor space for gardening or entertaining. The lower unit is currently tenant-occupied, providing steady occupancy. With a total property size of 1,966 square feet, the layout is designed for flexible living and straightforward furnishing in each apartment.
Key Highlights
- Duplex built in 1912
- Upper unit includes private street‑facing balcony
- Two 2‑bedroom, 1 full‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,468
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,360
$449.4K
Cap Rate 7%
$320,971
$321.0K
Cap Rate 9%
$249,644
$249.6K
Market Conditions
NOI Build-Up for 1,966 SF
Gross rent
$34.2K $17.40/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$32.1K $16.33/SF
− OpEx
−$9.6K −$4.90/SF
NOI
$22.5K $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%
$449,360
Cap Rate 7%
$320,971
Cap Rate 9%
$249,644
Alternative Uses
Best Use
Multifamily LT 5
$321.0K
$280.9K – $374.5K
NOI $22,468 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$294.6K
$257.8K – $343.8K
NOI $20,625 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$433.7K
$379.5K – $506.0K
NOI $30,360 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
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Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Detroit with two 2-bedroom, 1-bath units and an upper unit street-facing balcony.
Where is this duplex located?
The property is located at 534 Holbrook St Detroit, MI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Duplex built in 1912; Upper unit includes private street‑facing balcony; Two 2‑bedroom, 1 full‑bath units
