Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    7239 Barrie Street Dearborn, MI 48126

    View on Map
    Claim this Listing
    New
    For Sale
    $349,900

    MULTI_FAMILY - Other - Dearborn, MI

    Property size:
    1,912 SF
    Price / SF:
    $183/SF
    Added:
    May 1, 2026
    Days on Market:
    2
    Last Refresh:
    May 2 at 4:06 pm

    Property Features for 7239 Barrie Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-Family
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Parking
    2
    Pets allowed
    Yes
    Standard status
    Active
    APN
    32821006331021
    Size
    1,912 SF

    Taxes and HOA fees

    Tax Description
    LOT 90 INCLUDING HALF OF THE VACATED ALLEY IN THE REAR THEREOF WARREN VINEYARDS SUB
    Tax Annual Amount
    3315

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Zainab Jaafar-Chami
    Zainab Jaafar-Chami

    Listing agent Zainab Jaafar-Chami License #6501416020

    Listing office RE/MAX Classic 42078 Ford Rd, Farmington Hills, MI

    Listing date May 1, 2026

    MLS# 20261024637 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.

    Overview

    Renovated Dearborn Duplex Opportunity

    This fully renovated multifamily duplex in Dearborn, MI, presents a move-in ready opportunity for both buyers and investors. The two-unit property is situated in a convenient Dearborn location, close to shopping, coffee shops, restaurants, and everyday amenities, with access to Dearborn Public Schools. Each of the two separate units features 2 bedrooms, 1 full bathroom, and its own kitchen, making it suitable for rental income, owner-occupant living, or multi-generational use. Renovated in 2026, updates include new kitchens with granite countertops, updated bathrooms, LVP flooring throughout, fresh paint, updated electrical and plumbing, newer windows including the upper unit and additional replaced windows, a new furnace, new roof, new gutters, new soffits, new appliances, and two new water heaters. Each unit offers a bright and functional layout with great natural light and comfortable living space. The property also includes an unfinished basement for storage and a detached 2-car garage. A fenced yard provides additional outdoor space. Located near Warren Ave and Chase Rd, the home offers convenient access to shopping, dining, coffee shops, parks, and schools. The property size is 1912 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Dearborn
    County
    Wayne
    State
    Michigan
    Longitude
    -83.193375
    Latitude
    42.344414

    Nearby Similar for Sale

    • $1,100,000
      4,336 SF

      Dearborn Commercial Property For Sale

      Adaptable commercial asset with long-term potential on 0.57 acres.
      10118 Eagle Street, Dearborn, MI 48120
      View Details
    • $250,000
      15,000 SF

      Turn-Key Dessert Cafe Opportunity

      Thriving dessert cafe in Downtown West Dearborn for sale.
      1025 Mason, Dearborn, MI 48124
      View Details
    • $275,000
      4,595 SF

      Dearborn Collision Shop with Equipment

      Turn-key collision shop with paint booth in prime location.
      5410 Oakman Boulevard, Dearborn, MI 48126
      View Details
    • $35,000
      1,200 SF

      Turn-Key Salon in High-Traffic Plaza

      Fully renovated salon in prime location with low overhead.
      9704 Dix Avenue, Dearborn, MI 48120
      View Details
    • $1,800,000
      4,800 SF

      Established Auto Repair Business Opportunity

      Thriving auto repair business and real estate for sale in Dearborn.
      14433 W Warren Avenue, Dearborn, MI 48126
      View Details
    • $299,900
      1,910 SF

      Versatile Multi-Family Property Near Fordson

      Spacious multi-family property with three living spaces and great flexibility.
      6120 MIDDLESEX Street, Dearborn, MI 48126
      View Details
    • $1,950,000
      10,700 SF

      East Dearborn Mechanic Shop Opportunity

      Automotive repair facility in the heart of East Dearborn.
      4181 Schaefer Rd, Dearborn, MI 48126
      View Details
    • $289,999

      Dearborn Multi-Family Investment Opportunity

      Multi-family home in prime Dearborn location near schools and amenities.
      4649 Jonathon Street, Dearborn, MI 48126
      View Details
    • $349,900

      Move-in Ready West Dearborn Office

      Freestanding office building in prime West Dearborn location.
      2119 Monroe St, Dearborn, MI 48124
      View Details
    • $725,000
      8,000 SF

      East Dearborn Warehouse Space Available

      Over 8,000 sq ft warehouse on over 0.25 acres.
      5420 Oakman Blvd, Dearborn, MI 48126
      View Details
    • $600,000
      1,400 SF

      Dearborn Commercial/Industrial Building For Sale

      Well-maintained 1,400 SF commercial/industrial building on large lot.
      10500 Southern St, Dearborn, MI 48126
      View Details
    • $375,000

      Established Liquor Store Opportunity

      Liquor store with consistent sales and low occupancy costs.
      7551 Wyoming Ave, Dearborn, MI 48126
      View Details

    FAQs

    What type of property is this?
    Duplex - Move-in ready, renovated duplex in a convenient Dearborn location.
    Where is this duplex located?
    The property is located at 7239 Barrie Street Dearborn, MI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Fully renovated in 2026, ensuring a move‑in ready, turn‑key property.; Two separate units, each with 2 bedrooms, 1 full bathroom, and a kitchen, ideal for rental income or multi‑generational living.; New roof, furnace, gutters, soffits, appliances, and two new water heaters.
    (248) 737-6800
    We can help!
    Listing Contact
    Zainab Jaafar-Chami
    Zainab Jaafar-Chami
    Real Estate License ID: 6501416020
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    7239 Barrie Street, Dearborn, MI 48126

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!