2-Unit
7542 Meadow Avenue, Warren, MI 48091
For Sale
$239,900
Multifamily, 2 Story, Warren, MI
Property Size2,256 SF
Lot Size0.09 Acres
Price / SF$106.34
Days on Market52
Property Features for 7542 Meadow Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Pets allowed
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Zaid Kassab
(248) 346-1194
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 11 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This two-story duplex contains two apartments: a lower unit with two bedrooms and one bathroom, and an upper unit with four bedrooms and one bathroom. The 2,256-square-foot building dates to 1942 and sits on a 0.09-acre lot. Both apartments are occupied, and landlord-owned appliances in each unit are included in the sale.
Improvements include updated kitchens and bathrooms, newer flooring and paint, newer furnaces and water heater, and updates to plumbing and electrical systems. The building also has vinyl windows with blinds and a newer front roof. Forced-air heat and public water serve the property.
An adjacent lot is described as buildable and is included with the property. The site is in Warren, Michigan.
Improvements include updated kitchens and bathrooms, newer flooring and paint, newer furnaces and water heater, and updates to plumbing and electrical systems. The building also has vinyl windows with blinds and a newer front roof. Forced-air heat and public water serve the property.
An adjacent lot is described as buildable and is included with the property. The site is in Warren, Michigan.
Key Highlights
- Two‑unit layout: lower apartment has 2 bedrooms and 1 bathroom; upper apartment has 4 bedrooms and 1 bathroom
- 2,256‑square‑foot building on a 0.09‑acre lot
- Adjacent buildable lot included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,618
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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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
$138,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Macomb County, MI
Properties on Market for Duplexes in Macomb County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The occupied property has a two-bedroom lower unit and a four-bedroom upper unit, with appliances included in both.
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 layout: lower apartment has 2 bedrooms and 1 bathroom; upper apartment has 4 bedrooms and 1 bathroom; 2,256‑square‑foot building on a 0.09‑acre lot; Adjacent buildable lot included with the property
