Renovated
For Sale
$337,000
7239 Barrie St, Dearborn, MI 48126
Two separate residences feature individual kitchens, updated finishes, and access to a detached garage and fenced outdoor area.
Property Size1,912 SF
Price / SF$176.26
Days on Market162
Property Features for 7239 Barrie St
General Information
Standard status
Active
Size
1,912 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
basement storage
fenced yard
Building Details
Year Built
1930
Year Renovated
2026
Buildings
1
Listing Agency:
RE/MAX Classic
Listed By:
Zainab Jaafar-Chami · License #6501416020
(734) 262-4200
Source:
Premiermichiganhomesearch
Added: May 9
Changed: Oct 10
Last Checked: Oct 16 at 12:15PM
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 Classic
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with 2 bedrooms, 1 full bathroom, and an individual kitchen. A renovation completed in 2026 added granite kitchen countertops, refreshed bathrooms, LVP flooring, new paint, updated electrical and plumbing, newer windows, a furnace, roof, gutters, soffits, appliances, and two water heaters. Both units receive natural light and offer functional living areas. Additional improvements include an unfinished basement for storage and a detached 2-car garage, while the fenced yard provides outdoor space.
The property is located at 7239 Barrie St in Dearborn, near Warren Ave and Chase Rd. Shopping, restaurants, coffee shops, parks, and schools are nearby, including access to Dearborn Public Schools. Walk Score is 73, Bike Score is 49, and Transit Score is 47.
The property is located at 7239 Barrie St in Dearborn, near Warren Ave and Chase Rd. Shopping, restaurants, coffee shops, parks, and schools are nearby, including access to Dearborn Public Schools. Walk Score is 73, Bike Score is 49, and Transit Score is 47.
Key Highlights
- Two‑unit duplex with 2 bedrooms, 1 full bathroom, and a kitchen in each unit
- Renovation completed in 2026 with updated electrical, plumbing, flooring, windows, and paint
- New roof, gutters, soffits, furnace, appliances, and two water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,771
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,420
$375.4K
Cap Rate 7%
$268,157
$268.2K
Cap Rate 9%
$208,567
$208.6K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$28.7K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$26.8K $14.03/SF
− OpEx
−$8.0K −$4.21/SF
NOI
$18.8K $9.82/SF
Area
Dearborn, MI
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,420
Cap Rate 7%
$268,157
Cap Rate 9%
$208,567
Alternative Uses
Best Use
Multifamily LT 5
$268.2K
$234.6K – $312.9K
NOI $18,771 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$245.2K
$214.5K – $286.1K
NOI $17,163 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$421.8K
$369.1K – $492.1K
NOI $29,526 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 48126, MI
55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
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 - Two separate residences feature individual kitchens, updated finishes, and access to a detached garage and fenced outdoor area.
Where is this duplex located?
The property is located at 7239 Barrie St Dearborn, MI.
What is the asking price?
The asking price for this property is $337,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms, 1 full bathroom, and a kitchen in each unit; Renovation completed in 2026 with updated electrical, plumbing, flooring, windows, and paint; New roof, gutters, soffits, furnace, appliances, and two water heaters
