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    Multifamily Property in Warren, MI Title is generated by Realmo AI

    8033 JACKSON Avenue, Warren, MI 48089

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    Claim this Listing
    For Sale
    $155,000

    MULTI_FAMILY - Bungalow - Warren, MI

    Property size:
    1,250 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $124/SF
    Added:
    Apr 6, 2026
    Days on Market:
    66
    Last Refresh:
    Jun 10 at 4:06 am

    Property Features for 8033 JACKSON Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Commercial
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Basement
    Standard status
    Active
    APN
    1334352020
    Size
    1,250 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Description
    A J CHRISTE'S SUBDIVISION LOT 19 L21 P235
    Tax Annual Amount
    2030

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    2
    Number of units
    2
    Building materials
    Aluminum
    Roof type
    Asphalt
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Kevin Mahone

    Listing agent Kevin Mahone License #MISPE-6501414475

    Listing office Keller Williams Realty-Great Lakes 28220 Harper, St. Clair Shores, MI

    Listing date Apr 6, 2026

    MLS# 20261022363 Listing URL

    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.

    HighLights

    • Immediate rental income from tenant‑occupied upper unit.
    • Vacant, clean lower unit ready for immediate occupancy.
    • Tenants pay their own utilities, with water billed back, maximizing cash flow.
    • Newer HVAC system and water heater.
    • Low‑maintenance property with tenants handling snow removal.
    • Convenient location near shopping, dining, and major roadways.

    Overview

    This multifamily property, located in Warren, MI, presents a great investment opportunity. It features two units, each containing 2 bedrooms and 1 full bathroom. The upper unit is currently tenant-occupied with a reliable tenant who pays on time, providing immediate rental income. The lower unit is vacant, clean, and ready for occupancy. Each tenant is responsible for their own utilities, and water expenses are billed back to them, further enhancing cash flow. Recent updates include a newer HVAC system and water heater. The tenants handle snow removal, and lawn maintenance is minimal. The property is situated near shopping, dining, and major roadways. The lot size is 0.06 acres, and the property size is 1250 square feet. The property is zoned for commercial use.

    Local 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 $18.8k $15.00
    − Vacancy −$1.2k −$0.98
    EGI $17.5k $14.03
    − OpEx −$5.3k −$4.21
    NOI $12.3k $9.82
    1,250 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $175.3K
    $153.4K – $204.5K (±1% cap)
    NOI $12,272 @ 7.0% cap · market cap 7.92%
    Second Best
    Apartment 5plus
    $163.2K
    $142.8K – $190.4K (±1% cap)
    NOI $11,424 @ 7.0% cap · market cap 7.37%
    Theoretical Best
    Office A
    $275.8K
    $241.3K – $321.7K (±1% cap)
    NOI $19,303 @ 7.0% cap · market cap 12.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.024354
    Latitude
    42.450185

    FAQs

    What type of property is this?
    Duplex - Two-unit multifamily property with immediate rental income potential.
    Where is this duplex located?
    The property is located at 8033 JACKSON Avenue Warren, MI.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: Immediate rental income from tenant‑occupied upper unit.; Vacant, clean lower unit ready for immediate occupancy.; Tenants pay their own utilities, with water billed back, maximizing cash flow.
    More about this property
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