Side-by-Side Duplex
926 Navahoe St, Detroit, MI 48215
For Sale
Contact for pricing
As-is duplex property offers a renovation-focused setup for building owners seeking residential rental income potential.
Property Size2,016 SF
Price / SF$9.87
Days on Market151
Property Features for 926 Navahoe St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Atlas Properties Inc
Listed By:
Adam Hage · License MI #6506046052
(313) 598-2566
Source:
Premiermichiganhomesearch
Added: Jun 17
Changed: Oct 26
Last Checked: Oct 7 at 1:51PM
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 Atlas Properties Inc
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Investment Insights
Based on property information with market context.
This DLBA-owned property consists of side-by-side duplexes arranged as residential income units. The sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement, with the property sold as-is.
The property is located at 926 Navahoe St in Detroit’s Jefferson Chalmers neighborhood. Public remarks note convenient access to the Detroit River and several nearby parks, as well as the Jefferson Avenue corridor for shopping and dining. Access to Downtown Detroit and Grosse Pointe is described as easy, and the area is characterized as continuing to receive both public and private investment.
For buyers considering a renovation project, DLBA requires a complete proposal package that includes the intended use, renovation timeline, proof of funds, and a detailed scope of work with cost breakdown. The proposal must also include documentation of prior renovation projects, including addresses and photos. The DLBA retains the right to tax recapture for five years following transfer of ownership, and certain tax abatements, lot combinations, or assemblages may require additional DLBA review and approval. Buyer to verify all information.
The property is located at 926 Navahoe St in Detroit’s Jefferson Chalmers neighborhood. Public remarks note convenient access to the Detroit River and several nearby parks, as well as the Jefferson Avenue corridor for shopping and dining. Access to Downtown Detroit and Grosse Pointe is described as easy, and the area is characterized as continuing to receive both public and private investment.
For buyers considering a renovation project, DLBA requires a complete proposal package that includes the intended use, renovation timeline, proof of funds, and a detailed scope of work with cost breakdown. The proposal must also include documentation of prior renovation projects, including addresses and photos. The DLBA retains the right to tax recapture for five years following transfer of ownership, and certain tax abatements, lot combinations, or assemblages may require additional DLBA review and approval. Buyer to verify all information.
Key Highlights
- As‑is side‑by‑side duplexes in Detroit’s Jefferson Chalmers area (926 Navahoe St), built in 1923
- DLBA‑owned property; sale is subject to approval by the Detroit Land Bank Authority and a DLBA Renovation/Development Agreement
- Buyer must submit a complete proposal package, including intended use, renovation timeline, proof of funds, and detailed scope/cost breakdown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,149
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,980
$423.0K
Cap Rate 7%
$302,129
$302.1K
Cap Rate 9%
$234,989
$235.0K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$41.1K $20.40/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$38.5K $19.07/SF
− OpEx
−$17.3K −$8.58/SF
NOI
$21.1K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,980
Cap Rate 7%
$302,129
Cap Rate 9%
$234,989
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,040 @ 7.0% cap
Second Best
Apartment 5plus
$302.1K
$264.4K – $352.5K
NOI $21,149 @ 7.0% cap
Theoretical Best
Office A
$444.7K
$389.2K – $518.9K
NOI $31,132 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
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Business Placement
Demographics for 48215, MI
10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Detroit, MI
Properties on Market for Duplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - As-is duplex property offers a renovation-focused setup for building owners seeking residential rental income potential.
Where is this duplex located?
The property is located at 926 Navahoe St Detroit, MI.
What are key features of this property?
This property features: As‑is side‑by‑side duplexes in Detroit’s Jefferson Chalmers area (926 Navahoe St), built in 1923; DLBA‑owned property; sale is subject to approval by the Detroit Land Bank Authority and a DLBA Renovation/Development Agreement; Buyer must submit a complete proposal package, including intended use, renovation timeline, proof of funds, and detailed scope/cost breakdown
