Renovated Two-Unit
For Sale
$229,000
5860 Hazlett Street, Detroit, MI 48210
Multifamily, 2 Story, Detroit, MI
Property Size1,930 SF
Lot Size0.16 Acres
Price / SF$118.65
Days on Market98
Property Features for 5860 Hazlett Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Basement
Pets allowed
Call
Interior features
Cable Available
Subdivision
Robert M Grindleys
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
East of Livernois
Standard status
Active
APN
W16I013414S
Size
1,930 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2026. E HAZLETT 12 BLK 5-ROBERT M GRINDLEYS SUB L15 P32 PLATS, W C R 16/100 30 X 115
Tax Annual Amount
2440
Legal Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2026. E HAZLETT 12 BLK 5-ROBERT M GRINDLEYS SUB L15 P32 PLATS, W C R 16/100 30 X 115
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1917
Floors in Building
2
Number of units
2
Building materials
Vinyl
Roof type
Asphalt
Architectural style
Colonial
Buildings
1
Listing Agency:
RE/MAX Leading Edge · RE/MAX International
(313) 277-7777
Listed By:
Nazareth Sanchez
(313) 728-6853
Added: Jul 24
Changed: Oct 28
Last Checked: Oct 29 at 12:06PM
MLS# 20261057517
Copyright © 2026 Realcomp Limited II. 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.
This 1,930-square-foot duplex contains two matching units, each with 3 bedrooms and 1 bathroom. Both residences feature remodeled kitchens, vinyl flooring, recessed lighting, updated bathrooms with floor-to-ceiling ceramic tile, and fresh interior paint. Separate entrances serve each unit. The property also includes a clean, unfinished basement, a new front porch, vinyl windows, newer roofing, whole-house PEX plumbing, a 200-amp electrical panel, and updated wiring. Constructed in 1917, the two-story Colonial is situated on a 0.16-acre lot, with an adjacent vacant lot included in the sale.
The property is located near Livernois and W Warren Ave, with access to I-94 and I-96. Henry Ford Hospital, Wayne State University, and the Motown Museum are nearby, while Downtown Detroit, Midtown, and Mexicantown are minutes away. Public water service and forced-air heating serve the building.
The property is located near Livernois and W Warren Ave, with access to I-94 and I-96. Henry Ford Hospital, Wayne State University, and the Motown Museum are nearby, while Downtown Detroit, Midtown, and Mexicantown are minutes away. Public water service and forced-air heating serve the building.
Key Highlights
- Two‑unit duplex with 1,930 square feet and two matching 3‑bedroom, 1‑bath units
- Renovated kitchens and bathrooms with floor‑to‑ceiling ceramic tile
- Separate entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,247
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,940
$404.9K
Cap Rate 7%
$289,243
$289.2K
Cap Rate 9%
$224,967
$225.0K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$39.4K $20.40/SF
− Vacancy
−$2.6K −$1.33/SF
EGI
$36.8K $19.07/SF
− OpEx
−$16.6K −$8.58/SF
NOI
$20.2K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,940
Cap Rate 7%
$289,243
Cap Rate 9%
$224,967
Alternative Uses
Best Use
Multifamily LT 5
$315.1K
$275.7K – $367.6K
NOI $22,057 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.5K
NOI $20,247 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$425.8K
$372.6K – $496.7K
NOI $29,804 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 48210, MI
27,155
Population
10,576
Households
2.6
Avg Household Size
28
Median Age
9%
College-Educated
57%
High-School Grad
4.9 sq mi
ZIP Area
5,542
Density / Sq Mi
$38,900
Median Household Income
$25,220
Median Earnings
$968
Median Rent
$60,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with separate entrances, remodeled kitchens, and ceramic-tile bathrooms.
Where is this duplex located?
The property is located at 5860 Hazlett Street Detroit, MI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,930 square feet and two matching 3‑bedroom, 1‑bath units; Renovated kitchens and bathrooms with floor‑to‑ceiling ceramic tile; Separate entrance for each unit
