Renovated Two-Unit
For Sale
$459,900
7436 Oakland St, Detroit, MI 48211
Vacant duplex with updated interiors, two-bedroom residences, and flexible occupancy options.
Property Size2,166 SF
Price / SF$212.33
Days on Market50
Property Features for 7436 Oakland St
General Information
Standard status
Active
Size
2,166 SF
Property subtype
Investment
Site & Location
Neighborhood
Milwaukee Junction
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,352
Building Details
Building Size
2,166 SF
Year Built
1910
Units
2
Listing Agency:
Downtown Realty
Listed By:
Marta Kopania · License #6501424283
(734) 301-6553
Source:
Elliman
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 28 at 8:18AM
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 Downtown Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 2,166 square feet and was comprehensively renovated from the interior. Each residence offers 2 bedrooms and 1 full bathroom, with open living areas, oversized windows, wide-plank flooring, recessed lighting, exposed-brick details, and neutral finishes. Kitchens include quartz countertops, contemporary cabinetry, tiled backsplashes, stainless-steel appliances, and ample work surfaces. The bathrooms feature modern vanities, updated tile, and glass-enclosed showers.
The property is currently vacant, allowing a purchaser to establish new leases or occupy one residence while leasing the other. Built in 1910, it is located near New Center, Midtown, Wayne State University, the College for Creative Studies, Henry Ford Hospital, the Fisher Building, the QLINE, Eastern Market, and Downtown Detroit. WalkScore is 83, BikeScore is 74, and TransitScore is 53.
The property is currently vacant, allowing a purchaser to establish new leases or occupy one residence while leasing the other. Built in 1910, it is located near New Center, Midtown, Wayne State University, the College for Creative Studies, Henry Ford Hospital, the Fisher Building, the QLINE, Eastern Market, and Downtown Detroit. WalkScore is 83, BikeScore is 74, and TransitScore is 53.
Key Highlights
- Approximately 2,166 square feet with two residential units
- Each unit includes 2 bedrooms and 1 full bathroom
- Full‑gut renovation with updated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,754
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,080
$495.1K
Cap Rate 7%
$353,629
$353.6K
Cap Rate 9%
$275,044
$275.0K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$37.7K $17.40/SF
− Vacancy
−$2.3K −$1.07/SF
EGI
$35.4K $16.33/SF
− OpEx
−$10.6K −$4.90/SF
NOI
$24.8K $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 Rate 5%
$495,080
Cap Rate 7%
$353,629
Cap Rate 9%
$275,044
Alternative Uses
Best Use
Multifamily LT 5
$353.6K
$309.4K – $412.6K
NOI $24,754 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$324.6K
$284.0K – $378.7K
NOI $22,723 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$477.8K
$418.1K – $557.5K
NOI $33,448 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
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Business Placement
Demographics for 48211, MI
5,447
Population
2,518
Households
2.2
Avg Household Size
32
Median Age
16%
College-Educated
74%
High-School Grad
4.2 sq mi
ZIP Area
1,297
Density / Sq Mi
$33,347
Median Household Income
$23,172
Median Earnings
$985
Median Rent
$66,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with updated interiors, two-bedroom residences, and flexible occupancy options.
Where is this duplex located?
The property is located at 7436 Oakland St Detroit, MI.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Approximately 2,166 square feet with two residential units; Each unit includes 2 bedrooms and 1 full bathroom; Full‑gut renovation with updated kitchens and bathrooms
