8366 Navy Street Detroit, MI 48209
MULTI_FAMILY - Bungalow - Detroit, MI
- Added:
- May 22, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 14 at 5:06 am
Property Features for 8366 Navy Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 1, Bathroom 2
- Pets allowed
- Yes
- Standard status
- Active
- APN
- 20003914
- Size
- 1,700 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- N NAVY 294 CROSMANS SUB L16 P93 PLATS, WCR 20/183 30 X 114.74A
- Tax Annual Amount
- 250
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1913
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Aluminum
- Architectural style
- Bungalow
Listing agent Frank Miley (313) 846-0960
Listing office Empire Realty Group 6271 Schaefer, MI (313) 846-0960
Listing date May 22, 2026
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Investment Insights
Based on property information with market context.
Located at 8366 Navy Street in Detroit, the property is set up for residents who want to be near everyday amenities, with the listing noting proximity to schools, restaurants, shopping, and public transit.
Configured for privacy and adaptability, this duplex can work for an owner-occupant looking to live in one space while renting the other, or for anyone needing separate areas for extended family or a home-based setup. With the extensive renovation and updated building systems, it presents as a ready-to-move-in option for multifamily buyers seeking a home that can function as more than one living situation.
Key Highlights
- Renovated bungalow home built in 1913 with aluminum construction materials
- Two furnaces and two water heaters for dual‑living or rental flexibility
- Both kitchens feature quartz countertops, custom cabinetry, and designer backsplashes
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 | $29.6k | $17.40 |
| − Vacancy | −$1.8k | −$1.07 |
| EGI | $27.8k | $16.33 |
| − OpEx | −$8.3k | −$4.90 |
| NOI | $19.4k | $11.43 |
