Triplex With Three-Car
For Sale
$699,000
764 Harcourt Road, Grosse Pointe Park, MI 48230
Three residential units offer individual HVAC, in-unit laundry, fireplaces, and private outdoor space.
Property Size4,950 SF
Price / SF$141.21
Days on Market56
Property Features for 764 Harcourt Road
General Information
Standard status
Active
Size
4,950 SF
Property subtype
Residential Income / Multi Family
Net Operating Income
$58,000
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$18,581
Amenities
Ceiling Fan(s), Central Air
Hot Water, Steam, Natural Gas
Unfinished
Yes
No
6
Awnings, Chimney Caps
Porch, Deck
Building Details
Year Built
1928
Listing Agency:
Jim Saros Real Estate Services
(313) 886-9030
Listed By:
James B Saros · License #6501398798
(313) 886-9030
Source:
Compass
Added: Jun 11
Changed: Aug 5
Last Checked: Aug 5 at 11:02AM
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 Jim Saros Real Estate Services
Investment Insights
Based on property information with market context.
Located at 764 Harcourt Road in Grosse Pointe Park, this 1928 triplex contains 4950 square feet across three residential units. The first-floor apartment includes three bedrooms and a three-season room, while each unit has central air conditioning and heating, in-unit laundry, a gas fireplace, two full bathrooms, an updated kitchen, an updated bathroom, and outdoor space.
Property improvements include updated windows, HVAC, and plumbing, along with a newer roof. The site includes a three-car garage with power, a carport, and a large driveway providing additional parking. The sale also includes a half lot on the south end of the property, with landscaping adjacent to the three-season room. Existing rental income is in place, and the property supports owner occupancy in the first-floor apartment alongside the other two units.
Property improvements include updated windows, HVAC, and plumbing, along with a newer roof. The site includes a three-car garage with power, a carport, and a large driveway providing additional parking. The sale also includes a half lot on the south end of the property, with landscaping adjacent to the three-season room. Existing rental income is in place, and the property supports owner occupancy in the first-floor apartment alongside the other two units.
Key Highlights
- Three‑unit residential property with 4950 square feet
- Each unit includes central AC and heating, in‑unit laundry, a gas fireplace, and 2 full bathrooms
- First‑floor 3 BR apartment with a three‑season room
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.3k | $15.00 |
| − Vacancy | −$4.8k | −$0.98 |
| EGI | $69.4k | $14.03 |
| − OpEx | −$20.8k | −$4.21 |
| NOI | $48.6k | $9.82 |
4,950 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$694.2K
$607.5K – $810.0K
NOI $48,597 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$637.5K
$557.8K – $743.7K
NOI $44,624 @ 7.0% cap · market cap 6.38%
Theoretical Best
Specialty Retail
$916.5K
$801.9K – $1.07M
NOI $64,152 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 48230, MI
17,559
Population
7,369
Households
2.4
Avg Household Size
42
Median Age
73%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
5,321
Density / Sq Mi
$131,155
Median Household Income
$65,716
Median Earnings
$1,451
Median Rent
$448,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer individual HVAC, in-unit laundry, fireplaces, and private outdoor space.
Where is this triplex located?
The property is located at 764 Harcourt Road Grosse Pointe Park, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑unit residential property with 4950 square feet; Each unit includes central AC and heating, in‑unit laundry, a gas fireplace, and 2 full bathrooms; First‑floor 3 BR apartment with a three‑season room
