Brick Duplex with Private
New
For Sale
$225,000
908 Winchester Ave, Lincoln Park, MI 48146
Two self-contained residences have separate entrances and independent heating and cooling controls.
Property Size2,064 SF
Price / SF$109.01
Days on Market2
Property Features for 908 Winchester Ave
General Information
Standard status
Active
Size
2,064 SF
Total Parking Spaces
2
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,015
Amenities
shared unfinished basement
fenced backyard
front porch
private balcony
Building Details
Building Size
2,064 SF
Year Built
1929
Buildings
1
Units
2
Construction
brick
Listed By:
Thomas A Harding II · License #6501381013
(734) 812-6900
Source:
Elliman
Added: Nov 3
Last Checked: Nov 3 at 2:27PM
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 Thomas A Harding II
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Investment Insights
Based on property information with market context.
This 2,064-square-foot brick duplex, built in 1929, contains two residences, each with two bedrooms, one full bathroom, a kitchen, and a private entrance. Separate heating and cooling controls serve each unit. The upper residence is vacant and includes living and dining areas, arched doorways, original architectural details, and a private balcony. A tenant occupies the main-level unit and is expected to remain after the sale.
The property occupies a corner lot at 908 Winchester Avenue in Lincoln Park. Additional features include a shared unfinished basement, detached two-car garage, fenced backyard, and front porch. The two units provide separate living spaces within one multifamily property, with distinct entrances and climate controls.
The property occupies a corner lot at 908 Winchester Avenue in Lincoln Park. Additional features include a shared unfinished basement, detached two-car garage, fenced backyard, and front porch. The two units provide separate living spaces within one multifamily property, with distinct entrances and climate controls.
Key Highlights
- Two‑unit duplex with 2,064 square feet of living space
- Each unit has two bedrooms, one full bathroom, a kitchen, and a private entrance
- Upper unit is vacant; main‑level tenant will remain with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,263
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,260
$405.3K
Cap Rate 7%
$289,471
$289.5K
Cap Rate 9%
$225,144
$225.1K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$31.0K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.9K $14.03/SF
− OpEx
−$8.7K −$4.21/SF
NOI
$20.3K $9.82/SF
Area
Wayne County, MI
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,260
Cap Rate 7%
$289,471
Cap Rate 9%
$225,144
Alternative Uses
Best Use
Multifamily LT 5
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,607 @ 7.0% cap · market cap 8.27%
Theoretical Best
Specialty Retail
$382.1K
$334.4K – $445.8K
NOI $26,749 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
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Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two self-contained residences have separate entrances and independent heating and cooling controls.
Where is this duplex located?
The property is located at 908 Winchester Ave Lincoln Park, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,064 square feet of living space; Each unit has two bedrooms, one full bathroom, a kitchen, and a private entrance; Upper unit is vacant; main‑level tenant will remain with the sale
