Two-Family Income
873-875 Beaconsfield Avenue Grosse Pointe Park, MI 48230
For Sale
$374,500
MULTI_FAMILY - Grosse Pointe Park, MI
Property Size2,230 SF
Lot Size0.07 Acres
Price / SF$167.94
Days on Market23
Property Features for 873-875 Beaconsfield Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Living Room, Basement, Bedroom 1, Bathroom 1
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 39-009-01-0214-002
- Size
- 2,230 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9883
Utilities
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1928
- Floors in Building
- 2
- Number of units
- 2
Listing Agency:
Lucido and Associates, Inc
(313) 882-1010
Listed By:
Alex M. Lucido · License #MISPE-6502119186
(313) 268-2000
Added: Jul 3
Changed: Jul 23
Last Checked: Jul 25 at 10:06AM
MLS# 50215885
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family income duplex offers a refreshed, updated layout across two units. Reported improvements include an updated roof, updated windows, and updated boilers, along with refinished hardwood floor surfaces. Laundry is provided by the owner, and unit utility responsibilities are clearly defined with 50/50 heat split between the units, landlord-paid water, and each unit paying its own electricity.
The second-floor unit is currently occupied by a tenant, providing immediate rental income. The first-floor unit is available and may support an owner-occupant or additional rental income.
The property is located at 873-875 Beaconsfield Avenue in Grosse Pointe Park, Michigan, in Wayne County.
The second-floor unit is currently occupied by a tenant, providing immediate rental income. The first-floor unit is available and may support an owner-occupant or additional rental income.
The property is located at 873-875 Beaconsfield Avenue in Grosse Pointe Park, Michigan, in Wayne County.
Key Highlights
- Two‑family property built in 1928 with multiple bedrooms and living space for each unit
- Second‑floor unit is occupied and pays $1,500/month for immediate rental income
- Major improvements completed: updated roof, windows, and boilers
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 | $33.5k | $15.00 |
| − Vacancy | −$2.2k | −$0.98 |
| EGI | $31.3k | $14.03 |
| − OpEx | −$9.4k | −$4.21 |
| NOI | $21.9k | $9.82 |
2,230 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$312.8K
$273.7K – $364.9K
NOI $21,893 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,103 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$412.9K
$361.3K – $481.7K
NOI $28,901 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated two-family duplex with two separate units, split heat, landlord-paid water, and on-site laundry provided.
Where is this duplex located?
The property is located at 873-875 Beaconsfield Avenue Grosse Pointe Park, MI.
What is the asking price?
The asking price for this property is $374,500.
What are key features of this property?
This property features: Two‑family property built in 1928 with multiple bedrooms and living space for each unit; Second‑floor unit is occupied and pays $1,500/month for immediate rental income; Major improvements completed: updated roof, windows, and boilers
