5572 Kensington Avenue, Detroit, MI 48224
Recently updated duplex offers income-producing residential living with a move-in-ready setup.
- Added:
- Apr 1, 2026
- Days on Market:
- 86
- Last Refresh:
- Jun 20 at 3:36 am
Property Features for 5572 Kensington Avenue
General Information
- Standard status
- Active
- Size
- 2,142 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1929
Listing office KW Showcase Realty
Listing date Apr 1, 2026
Source Crexi
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 KW Showcase Realty
HighLights
- Duplex home built in 1929
- Recently updated duplex setup designed for move‑in‑ready living
Overview
The property is located at 5572 Kensington Avenue in Detroit, MI 48224. As the listing notes, it is positioned for buyers looking to step in after updates rather than wait for immediate improvements.
For buyers interested in residential income, an updated duplex can simplify the early ownership phase by starting with a recently refreshed interior. It may also appeal to owner-occupants who want to live in one unit while having the option to rent the other. With the information provided, prospective buyers should confirm the specific update scope, unit configuration details, and any remaining considerations directly with the seller or listing broker.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $15.00 |
| − Vacancy | −$2.0k | −$0.93 |
| EGI | $30.1k | $14.07 |
| − OpEx | −$9.0k | −$4.22 |
| NOI | $21.1k | $9.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9377109
- Latitude
- 42.4084887
