Renovated Multi-Family Bungalow in
8366 Navy Street, Detroit, MI 48209
New
MULTI_FAMILY - Bungalow - Detroit, MI
Property size:
1,700 SFLot size:
0.08 AcresPrice / SF:
$134/SF- Added:
- May 22, 2026
- Days on Market:
- 7
- Last Refresh:
- May 28 at 4:06 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, Bathroom 1, Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 1
- 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
MLS# 20261037553
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
- Renovated for multi‑family living or rental income, featuring multiple private entrances, two furnaces, and two water heaters.
- Completely updated with new insulation, electrical, plumbing, energy‑efficient windows, and mechanicals.
- High‑end finishes including luxury vinyl plank flooring, designer tile, quartz countertops, and custom cabinetry.
- Move‑in ready condition with fresh paint and brand‑new systems.
- Smart floor plan offering space, privacy, and functionality adaptable to various living arrangements.
- Desirable location near schools, restaurants, shopping, and public transit.
Overview
This renovated property offers modern living and versatility, suitable for various living arrangements, including single-family or multi-family setups. With multiple private entrances, it is ideal for extended families, in-law suites, rental income, or a home-based business. The property has been updated with new insulation, electrical, and plumbing systems. High-end craftsmanship is evident throughout, featuring luxury vinyl plank flooring, designer tile, quartz countertops, custom cabinetry, and sleek lighting. Both kitchens include stylish backsplashes and ample storage, while the bathrooms feature vanities and modern finishes. The move-in-ready home also offers fresh paint, updated mechanicals, energy-efficient windows, and brand-new systems. For added comfort and flexibility, the property includes two furnaces and two water heaters, making it suited for dual living or rental scenarios. The floor plan offers space, privacy, and functionality, allowing the option to live in one unit and rent the other, create separate spaces for family members, or enjoy the entire home. Located in a desirable neighborhood close to schools, restaurants, shopping, and public transit, this property combines style, location, and income potential. The property is 1700 square feet and sits on a 0.08-acre lot.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$215.9K
NOI $19,428 @ 9.00% cap · cautious / downside scenario
Moderate
$277.5K
NOI $19,428 @ 7.00% cap · market / base-case scenario
Aggressive
$388.6K
NOI $19,428 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 |
1,700 SF · lease $17.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$277.5K
$242.9K – $323.8K
NOI $19,428 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$254.8K
$222.9K – $297.2K
NOI $17,834 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$375.0K
$328.2K – $437.5K
NOI $26,252 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.129602
- Latitude
- 42.308144
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated multi-family property with modern updates and income potential.
Where is this duplex located?
The property is located at 8366 Navy Street Detroit, MI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Renovated for multi‑family living or rental income, featuring multiple private entrances, two furnaces, and two water heaters.; Completely updated with new insulation, electrical, plumbing, energy‑efficient windows, and mechanicals.; High‑end finishes including luxury vinyl plank flooring, designer tile, quartz countertops, and custom cabinetry.
