Two-Unit
For Sale
$235,000
7631 Maple St, Dearborn, MI 48126
Duplex with separate residences suited to rental use or owner occupancy with additional household income potential.
Property Size1,491 SF
Days on Market14
Property Features for 7631 Maple St
General Information
Standard status
Active
Size
1,491 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,461
Building Details
Building Size
1,491 SF
Year Built
1920
Units
2
Listing Agency:
Legacy
Listed By:
Michael M Phillips · License #6502387592
(313) 403-0011
Source:
Elliman
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 16 at 5:12PM
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 Legacy
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two distinct residential units, offering flexibility for an owner to occupy one residence while renting the other or lease both units. The separate-unit layout supports multiple occupancy and rental strategies without combining the residences.
The property is located at 7631 Maple St in Dearborn, within ZIP code 48126. Shopping, dining, schools, major roads, and freeway access are identified nearby. Walk Score is 83, Bike Score is 50, and Transit Score is 47, reflecting walkable access, bikeable conditions, and available transit service.
The property is located at 7631 Maple St in Dearborn, within ZIP code 48126. Shopping, dining, schools, major roads, and freeway access are identified nearby. Walk Score is 83, Bike Score is 50, and Transit Score is 47, reflecting walkable access, bikeable conditions, and available transit service.
Key Highlights
- Two separate residential units
- Built in 1920
- Owner‑occupancy and rental‑use flexibility
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
$14,638
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
6.23%
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%
$292,760
$292.8K
Cap Rate 7%
$209,114
$209.1K
Cap Rate 9%
$162,644
$162.6K
Market Conditions
NOI Build-Up for 1,491 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
$22.4K $15.00/SF
− Vacancy
−$1.5K −$0.98/SF
EGI
$20.9K $14.03/SF
− OpEx
−$6.3K −$4.21/SF
NOI
$14.6K $9.82/SF
Area
Dearborn, MI
Vacancy
6.50%
Lease Rate
$15.00 /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%
$292,760
Cap Rate 7%
$209,114
Cap Rate 9%
$162,644
Alternative Uses
Best Use
Multifamily LT 5
$209.1K
$183.0K – $244.0K
NOI $14,638 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,384 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$328.9K
$287.8K – $383.7K
NOI $23,024 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 48126, MI
55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with separate residences suited to rental use or owner occupancy with additional household income potential.
Where is this duplex located?
The property is located at 7631 Maple St Dearborn, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two separate residential units; Built in 1920; Owner‑occupancy and rental‑use flexibility
