Side-by-Side Duplex with Updated
746 Clairmount St, Detroit, MI 48202
For Sale
$299,950
Each residence has three bedrooms, one full bathroom and a private porch.
Property Size2,328 SF
Days on Market14
Property Features for 746 Clairmount St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Metropolitan Gems
Listed By:
Marvis Burns · License MI #6502432407
(313) 333-9465
Source:
Elliman
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 10 at 7:48AM
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 Metropolitan Gems
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Investment Insights
Based on property information with market context.
This side-by-side duplex at 746 Clairmount St in Detroit contains two residences, each with 3 bedrooms and 1 full bathroom. Both units have hardwood floors, renovated kitchens with stone countertops and shaker-style cabinetry, tiled bathrooms, and individual porches. The property was built in 1905 and has undergone extensive renovation.
The location has a Walk Score of 71, a Bike Score of 62 and a Transit Score of 47.
The location has a Walk Score of 71, a Bike Score of 62 and a Transit Score of 47.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1 full bathroom
- Renovated kitchens with stone countertops and shaker‑style cabinets
- Hardwood flooring and tiled bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,606
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,120
$532.1K
Cap Rate 7%
$380,086
$380.1K
Cap Rate 9%
$295,622
$295.6K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$40.5K $17.40/SF
− Vacancy
−$2.5K −$1.07/SF
EGI
$38.0K $16.33/SF
− OpEx
−$11.4K −$4.90/SF
NOI
$26.6K $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%
$532,120
Cap Rate 7%
$380,086
Cap Rate 9%
$295,622
Alternative Uses
Best Use
Multifamily LT 5
$380.1K
$332.6K – $443.4K
NOI $26,606 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$348.9K
$305.3K – $407.0K
NOI $24,422 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$513.6K
$449.4K – $599.2K
NOI $35,950 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
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Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Detroit, MI
Properties on Market for Duplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one full bathroom and a private porch.
Where is this duplex located?
The property is located at 746 Clairmount St Detroit, MI.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1 full bathroom; Renovated kitchens with stone countertops and shaker‑style cabinets; Hardwood flooring and tiled bathrooms in both units
