Brick Duplex with Two
For Sale
$230,000
7335 Curtis Street, Detroit, MI 48221
Multifamily, 2 Story, Detroit, MI
Property Size1,680 SF
Lot Size0.09 Acres
Price / SF$136.90
Days on Market54
Property Features for 7335 Curtis Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Pets allowed
Yes
Subdivision
Lee & Thatchers
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
S of 7 Mile W of Livernois
Standard status
Active
APN
W16I008406S
Size
1,680 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
S CURTIS 8 LEE & THATCHERS SUB L14 P59 PLATS, W C R 16/287 33 X 124
Tax Annual Amount
2572
Legal Description
S CURTIS 8 LEE & THATCHERS SUB L14 P59 PLATS, W C R 16/287 33 X 124
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1942
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
DOBI Real Estate
(248) 385-3350
Listed By:
Adrian Quinlan
(248) 385-3350
Added: Jul 9
Changed: Aug 24
Last Checked: Aug 31 at 2:06PM
MLS# 20261052550
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.
This two-unit duplex contains 1,680 square feet within a brick structure built in 1942. Each unit includes two bedrooms and one full bathroom, providing a straightforward residential configuration. The property also includes a basement, forced-air heating, and public water service.
Set on a 0.09-acre lot in Detroit’s 48221 postal area, the property is located on Curtis Street in Wayne County. Residential zoning supports its existing multifamily configuration, while the separate units offer flexibility for leasing arrangements or an owner-occupied setup as described in the property information.
Set on a 0.09-acre lot in Detroit’s 48221 postal area, the property is located on Curtis Street in Wayne County. Residential zoning supports its existing multifamily configuration, while the separate units offer flexibility for leasing arrangements or an owner-occupied setup as described in the property information.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit
- 1,680 square feet of building area on a 0.09‑acre lot
- Brick construction, built in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,200
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$384,000
$384.0K
Cap Rate 7%
$274,286
$274.3K
Cap Rate 9%
$213,333
$213.3K
Market Conditions
NOI Build-Up for 1,680 SF
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.
Gross rent
$29.2K $17.40/SF
− Vacancy
−$1.8K −$1.07/SF
EGI
$27.4K $16.33/SF
− OpEx
−$8.2K −$4.90/SF
NOI
$19.2K $11.43/SF
Area
Detroit, MI
Vacancy
6.17%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$384,000
Cap Rate 7%
$274,286
Cap Rate 9%
$213,333
Alternative Uses
Best Use
Multifamily LT 5
$274.3K
$240.0K – $320.0K
NOI $19,200 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$251.8K
$220.3K – $293.7K
NOI $17,624 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$370.6K
$324.3K – $432.4K
NOI $25,943 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 48221, MI
38,204
Population
17,452
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
7,347
Density / Sq Mi
$55,583
Median Household Income
$37,019
Median Earnings
$1,174
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Residentially zoned duplex with two rental units, forced-air heating, and public water service.
Where is this duplex located?
The property is located at 7335 Curtis Street Detroit, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom per unit; 1,680 square feet of building area on a 0.09‑acre lot; Brick construction, built in 1942
