Updated Two-Unit
New
For Sale
$239,900
7542 Meadow Avenue, Warren, MI 48091
Multifamily, 2 Story, Warren, MI
Property Size2,256 SF
Lot Size0.09 Acres
Price / SF$106.34
Days on Market7
Property Features for 7542 Meadow Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking
2
Pets allowed
Call
Elementary school district
Van Dyke
Middle school district
Van Dyke
High school district
Van Dyke
Directions
South of 9 Mile West Off Van Dyke
Subdivision
Warren
Standard status
Active
APN
1333428006
Size
2,256 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
PIPER'S VAN DYKE NO. 9 LOT 2734 L7 P93
Tax Annual Amount
307
Legal Description
PIPER'S VAN DYKE NO. 9 LOT 2734 L7 P93
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1942
Floors in Building
2
Number of units
2
Building materials
Aluminum
Architectural style
Colonial
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Zaid Kassab
(248) 346-1194
Added: Sep 21
Changed: Sep 26
Last Checked: Sep 27 at 12:06PM
MLS# 20261076376
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 2,256-square-foot duplex, built in 1942, contains two apartments: one with 2 bedrooms and 1 bathroom, and another with 4 bedrooms and 1 bathroom. Both units are occupied, and their leases are paid through housing agencies. The property includes landlord-owned appliances for each apartment.
Reported improvements include updated plumbing and electrical work, newer panels serving both units, forced-air heating, newer furnace and water heater, vinyl windows with blinds, and a newer front roof. Interior painting and finishes have also been refreshed. The property sits on a 0.09-acre lot, with an adjacent lot described as buildable.
Reported improvements include updated plumbing and electrical work, newer panels serving both units, forced-air heating, newer furnace and water heater, vinyl windows with blinds, and a newer front roof. Interior painting and finishes have also been refreshed. The property sits on a 0.09-acre lot, with an adjacent lot described as buildable.
Key Highlights
- Two‑unit duplex with 2,256 square feet of building area
- Lower apartment: 2 bedrooms and 1 bathroom; upper apartment: 4 bedrooms and 1 bathroom
- Built in 1942 on a 0.09‑acre lot
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
$20,618
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
8.59%
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%
$412,360
$412.4K
Cap Rate 7%
$294,543
$294.5K
Cap Rate 9%
$229,089
$229.1K
Market Conditions
NOI Build-Up for 2,256 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
$39.8K $17.64/SF
− Vacancy
−$2.3K −$1.02/SF
EGI
$37.5K $16.62/SF
− OpEx
−$16.9K −$7.48/SF
NOI
$20.6K $9.14/SF
Area
Warren, MI
Vacancy
5.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$412,360
Cap Rate 7%
$294,543
Cap Rate 9%
$229,089
Alternative Uses
Best Use
Multifamily LT 5
$316.4K
$276.9K – $369.1K
NOI $22,148 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,618 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$497.7K
$435.5K – $580.6K
NOI $34,838 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 48091, MI
32,267
Population
12,919
Households
2.5
Avg Household Size
37
Median Age
17%
College-Educated
82%
High-School Grad
7.9 sq mi
ZIP Area
4,084
Density / Sq Mi
$53,400
Median Household Income
$31,877
Median Earnings
$1,231
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two apartments offer distinct bedroom layouts, with leases paid through housing agencies.
Where is this duplex located?
The property is located at 7542 Meadow Avenue Warren, MI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,256 square feet of building area; Lower apartment: 2 bedrooms and 1 bathroom; upper apartment: 4 bedrooms and 1 bathroom; Built in 1942 on a 0.09‑acre lot
