4-Unit Colonial
9359 Broadstreet Avenue, Detroit, MI 48204
For Sale
Contact for pricing
Multifamily, 2 Story, Detroit, MI
Property Size5,198 SF
Lot Size0.13 Acres
Price / SF$3.08
Days on Market413
Property Features for 9359 Broadstreet Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
Bellabay Realty Tri Counties
Listed By:
Natasha C Richards · License MI #6502385914
(248) 274-6614
Added: Sep 24, 2025
Changed: Oct 26
Last Checked: Nov 10 at 7:06PM
MLS# 20251036427
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.
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Investment Insights
Based on property information with market context.
This 5,198-square-foot quadplex occupies a 0.13-acre lot in Detroit. Built in 1924, the brick property features Colonial architecture, forced-air heating, public water service, two stories, four family units, eight bedrooms, and four bathrooms. A basement is also included in the room configuration.
The property is located at 9359 Broadstreet Avenue in Detroit’s 48204 ZIP code, near Henry Ford Hospital and the Motown Museum. Downtown Detroit is accessible by a short drive or bicycle trip. The site is zoned Multi-Family,Residential and is presented as a renovation project requiring a buyer’s redevelopment plan.
The property is located at 9359 Broadstreet Avenue in Detroit’s 48204 ZIP code, near Henry Ford Hospital and the Motown Museum. Downtown Detroit is accessible by a short drive or bicycle trip. The site is zoned Multi-Family,Residential and is presented as a renovation project requiring a buyer’s redevelopment plan.
Key Highlights
- Four‑family‑unit quadplex with 5,198 square feet
- 0.13‑acre Detroit lot at 9359 Broadstreet Avenue
- Built in 1924 with brick construction and Colonial architecture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,531
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,620
$1.1M
Cap Rate 7%
$779,014
$779.0K
Cap Rate 9%
$605,900
$605.9K
Market Conditions
NOI Build-Up for 5,198 SF
Gross rent
$106.0K $20.40/SF
− Vacancy
−$6.9K −$1.33/SF
EGI
$99.1K $19.07/SF
− OpEx
−$44.6K −$8.58/SF
NOI
$54.5K $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%
$1,090,620
Cap Rate 7%
$779,014
Cap Rate 9%
$605,900
Alternative Uses
Best Use
Multifamily LT 5
$848.6K
$742.6K – $990.1K
NOI $59,405 @ 7.0% cap
Second Best
Apartment 5plus
$779.0K
$681.6K – $908.9K
NOI $54,531 @ 7.0% cap
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,269 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
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Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Detroit, MI
Properties on Market for Quadplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with public water, forced-air heat, and four bathrooms.
Where is this quadplex located?
The property is located at 9359 Broadstreet Avenue Detroit, MI.
What are key features of this property?
This property features: Four‑family‑unit quadplex with 5,198 square feet; 0.13‑acre Detroit lot at 9359 Broadstreet Avenue; Built in 1924 with brick construction and Colonial architecture
