625 HORTON St Detroit, MI 48202
Move-in-ready duplex featuring comprehensive renovations and modern amenities.
- Added:
- Mar 10, 2026
- Days on Market:
- 123
- Last Refresh:
- Jul 4 at 2:05 pm
Property Features for 625 HORTON St
General Information
- Standard status
- Active
- Size
- 2,146 SF
- Lot size
- 0.09 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1913
Listing office KW Professionals (248) 762-9186
Listing date Mar 10, 2026
Source Elliman
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 KW Professionals
Investment Insights
Based on property information with market context.
Key Highlights
- Completely renovated with new soffits, windows, electrical, plumbing, and paint.
- Two identical units, each approximately 1073 sqft.
- Modern kitchens feature stainless steel appliances, ample storage, and marble‑tiled floors.
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 | $37.3k | $17.40 |
| − Vacancy | −$2.3k | −$1.07 |
| EGI | $35.0k | $16.33 |
| − OpEx | −$10.5k | −$4.90 |
| NOI | $24.5k | $11.43 |
