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Well-Maintained Multifamily Home

6242 Calhoun Street Dearborn, MI 48126

Claim this Listing
New
For Sale
$319,000

MULTI_FAMILY - Other - Dearborn, MI

Property size:
1,812 SF
Lot size:
0.11 Acres
Price / SF:
$176/SF
Added:
Jul 9, 2026
Days on Market:
2
Last Refresh:
Jul 10 at 9:06 pm

Property Features for 6242 Calhoun Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
4
Bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Basement
Parking
2
Pets allowed
Yes
Interior features
Laundry Facility
Exterior features
Fenced
Fencing
Fenced
Standard status
Active
APN
32821008302011
Size
1,812 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Description
LOT 147 ROBT OAKMANS OAKMAN BLVD & SCHAEFER AVE SUB NO 1
Tax Annual Amount
3476

Utilities

Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air, Window Unit(s)
Water source
Public

Building Details

Year built
1926
Floors in Building
2
Number of units
2
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other

Listing agent Aneesa Al Najjar

Listing office EXP Realty Main 39555 Orchard Hill Place Ste 600, Royal Oak, MI

Listing date Jul 9, 2026

MLS# 20261052190 Listing URL

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.


Investment Insights

Based on property information with market context.

Located at 6242 Calhoun Street in Dearborn, this well-maintained multifamily home is offered for sale under Multi-Family zoning. The property features four bedrooms and two and a half bathrooms, with a versatile layout designed for comfortable everyday living. Interior features include bright interiors, functional floor plans, a convenient side entrance, and two walk-in closets. Updates include a new water heater and a new furnace.

The listing also notes an open house on Saturday, July 11, 2026, from 1:00 to 4:00 PM. The property sits on an approximately 0.11-acre lot and includes about 1,812 square feet of space.

This residence is presented as an owner-occupant or rental-income option, with the flexibility to live in one portion while renting another or to add to a rental portfolio. Schedule a private showing to review the layout and finishes in person.

Key Highlights

  • 4‑bed, 2.5‑bath multifamily home with a versatile layout for owner‑occupants, multigenerational living, or rentals
  • Side entrance plus 2 walk‑in closets
  • New water heater and new furnace

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 $27.2k $15.00
− Vacancy −$1.8k −$0.98
EGI $25.4k $14.03
− OpEx −$7.6k −$4.21
NOI $17.8k $9.82
1,812 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$254.1K
$222.4K – $296.5K (±1% cap)
NOI $17,789 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$232.4K
$203.3K – $271.1K (±1% cap)
NOI $16,266 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$399.7K
$349.8K – $466.4K (±1% cap)
NOI $27,981 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Plumbing Service Nursing Home Garden Center Catering Service Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Home Appliance Store Fish Market Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Multifamily home with side entrance, walk-in closets, and new water heater and furnace.
Where is this duplex located?
The property is located at 6242 Calhoun Street Dearborn, MI.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 4‑bed, 2.5‑bath multifamily home with a versatile layout for owner‑occupants, multigenerational living, or rentals; Side entrance plus 2 walk‑in closets; New water heater and new furnace
Contact an agent
More about this property
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