Updated Brick Duplex with
For Sale
$289,900
534 Holbrook St, Detroit, MI 48202
Residential Income, Detroit, MI
Property Size1,966 SF
Price / SF$147.46
Days on Market106
Property Features for 534 Holbrook St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1
Patio and Porch features
Patio, Deck
Interior features
Master Downstairs
Subdivision
North End
Standard status
Active
APN
03002415.
Size
1,966 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5547
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1912
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Connection - Detroit
Listed By:
Dennis Jakub
(248) 505-2509
Added: Jul 16
Changed: Oct 22
Last Checked: Oct 29 at 12:06PM
MLS# 11887402
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1912, this 1,966-square-foot brick duplex contains two residential units, each arranged with two bedrooms and one full bathroom. Interior details include hardwood flooring, oversized windows, original built-in kitchen cabinetry, updated finishes, and practical floor plans. The upper apartment adds a private street-facing balcony, while the property also provides deck and patio areas.
Heating is provided by forced-air natural gas, with public water service and an asphalt roof. The lower unit is tenant-occupied and produces monthly rental income. Located at 534 Holbrook St in Detroit’s North End, the property sits a few blocks east of Woodward Avenue, north of Midtown and New Center, with Downtown Detroit less than 10 minutes away.
Heating is provided by forced-air natural gas, with public water service and an asphalt roof. The lower unit is tenant-occupied and produces monthly rental income. Located at 534 Holbrook St in Detroit’s North End, the property sits a few blocks east of Woodward Avenue, north of Midtown and New Center, with Downtown Detroit less than 10 minutes away.
Key Highlights
- 1,966‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units
- Brick construction dating to 1912
- Upper unit includes a private street‑facing balcony
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
2
Residential units
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 - Two residential units feature hardwood floors, updated kitchens, and public water service.
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: 1,966‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units; Brick construction dating to 1912; Upper unit includes a private street‑facing balcony
