Two-Unit
New
For Sale
$329,000
9500 Charest St, Hamtramck, MI 48212
The two-bedroom residences each offer a separate unit, with central air and appliances included.
Property Size1,440 SF
Price / SF$228.47
Days on Market2
Property Features for 9500 Charest St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
central air
Trex covered front porch
Building Details
Year Built
1919
Buildings
1
Listing Agency:
Five Star Real Estate
(231) 733-3080
Listed By:
Oak & Stone Real Estate
(248) 266-0584
Source:
Oakandstonerealestate
Added: Oct 19
Last Checked: Oct 19 at 5:41AM
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 Five Star Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1919, this 1,440-square-foot duplex contains two 2-bedroom units. The property has central air, a newer furnace, and a full basement with new windows. A covered Trex front porch adds an outdoor feature, and appliances are included.
Recent improvements include a metal roof installed in 2023, a new water line system throughout the home, and a hot water tank added in 2025. The property is at 9500 Charest St in Hamtramck, near City Hall, parks, and restaurants.
Recent improvements include a metal roof installed in 2023, a new water line system throughout the home, and a hot water tank added in 2025. The property is at 9500 Charest St in Hamtramck, near City Hall, parks, and restaurants.
Key Highlights
- Two 2‑bedroom units in a 1,440‑square‑foot duplex
- Metal roof installed in 2023
- Hot water tank added in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,137
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,740
$282.7K
Cap Rate 7%
$201,957
$202.0K
Cap Rate 9%
$157,078
$157.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$21.6K $15.00/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$20.2K $14.03/SF
− OpEx
−$6.1K −$4.21/SF
NOI
$14.1K $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%
$282,740
Cap Rate 7%
$201,957
Cap Rate 9%
$157,078
Alternative Uses
Best Use
Multifamily LT 5
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$185.5K
$162.3K – $216.4K
NOI $12,982 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$266.6K
$233.3K – $311.0K
NOI $18,662 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-bedroom residences each offer a separate unit, with central air and appliances included.
Where is this duplex located?
The property is located at 9500 Charest St Hamtramck, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two 2‑bedroom units in a 1,440‑square‑foot duplex; Metal roof installed in 2023; Hot water tank added in 2025
