Grosse Pointe Park Investment
For Sale
$425,000
Pending
925 Nottingham Road, Grosse Pointe Park, MI 48230
MULTI_FAMILY - Other - Grosse Pointe Park, MI
Property Size2,538 SF
Lot Size0.09 Acres
Days on Market99
Property Features for 925 Nottingham Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family,Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 1
Pets allowed
Yes
Interior features
Laundry Facility
Exterior features
Fenced
Fencing
Fenced
Subdivision
Denne & McAllister Jeff Ave RVrvw Park Sub
Elementary school district
Grosse Pointe
Middle school district
Grosse Pointe
High school district
Grosse Pointe
Directions
EAST OF CADIEUX SOUTH OF JEFFERSON
Standard status
Pending
APN
39009010115002
Size
2,538 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
PKXX115B 116A NLY 12 FT OF LOT 115 ADN THE SLY 24 FT OF LOT 116 DENNEE AND MC ALLISTERS JEFF AVE RIVERVIEW PARK SUB PC 126,127 L18 P10 WCR
Tax Annual Amount
5011
Legal Description
PKXX115B 116A NLY 12 FT OF LOT 115 ADN THE SLY 24 FT OF LOT 116 DENNEE AND MC ALLISTERS JEFF AVE RIVERVIEW PARK SUB PC 126,127 L18 P10 WCR
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1924
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Professionals · Keller Williams Realty
(734) 459-4700
Listed By:
Boyd E Rudy · License #6501299848
(734) 740-8404
Added: Apr 25
Changed: Jul 28
Last Checked: Aug 1 at 6:06AM
MLS# 20261028475
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.
Investment Insights
Based on property information with market context.
Located in Grosse Pointe Park, this furnished investment property presents a value-add opportunity. The property is situated in a desirable and walkable rental market. Recent upgrades totaling $96,000 have been completed, including kitchen and exterior improvements, mechanical updates, and interior paint. The property features classic architectural elements such as hardwood floors, woodwork, and built-ins. The flexible layout is suited for single-family conversion or multi-family use. Its location is near restaurants, shopping, and public transit, and within walking distance of Windmill Pointe Park and Patterson Park. Downtown Detroit is a 15-minute commute. Investment angles include house hacking, long-term rental, short-term or mid-term rental, and value-add flip potential. The seller will deliver a City Of Grosse Pointe Park Certificate Of Occupancy completing all required repairs including re-roofing the garage with acceptable offer. The lot size is 0.09 acres and the property size is 2538 square feet.
Key Highlights
- Open house Sat 5/2 12 PM
- Brick home built in 1924 with forced‑air heating and central air
- Public water; asphalt roof
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 | $38.1k | $15.00 |
| − Vacancy | −$2.5k | −$0.98 |
| EGI | $35.6k | $14.03 |
| − OpEx | −$10.7k | −$4.21 |
| NOI | $24.9k | $9.82 |
2,538 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.3K
NOI $24,917 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$326.9K
$286.0K – $381.3K
NOI $22,880 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$469.9K
$411.2K – $548.2K
NOI $32,892 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 48230, MI
17,559
Population
7,369
Households
2.4
Avg Household Size
42
Median Age
73%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
5,321
Density / Sq Mi
$131,155
Median Household Income
$65,716
Median Earnings
$1,451
Median Rent
$448,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Furnished investment property in a desirable, walkable rental market.
Where is this duplex located?
The property is located at 925 Nottingham Road Grosse Pointe Park, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Open house Sat 5/2 12 PM; Brick home built in 1924 with forced‑air heating and central air; Public water; asphalt roof
