Two-Unit Duplex with Hardwood
For Sale
Contact for pricing
9650 Cascade St, Detroit, MI 48204
The property contains two three-bedroom residences, each with one bath and its own separate entrance.
Property Size2,880 SF
Price / SF$6.94
Days on Market70
Property Features for 9650 Cascade St
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
Complete rehab needed
Site & Location
Neighborhood
Petoskey-Otsego
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
RCH Brokerage Legacy Inc
Listed By:
Leonard A Pickett III · License #6501306589
(313) 510-7887
Source:
Premiermichiganhomesearch
Added: Aug 22
Changed: Oct 25
Last Checked: Oct 7 at 3:53PM
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 RCH Brokerage Legacy Inc
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Investment Insights
Based on property information with market context.
Built in 1925, this Detroit duplex contains 2,880 square feet arranged as two residential units. Each unit offers three bedrooms and one bathroom, providing a consistent two-unit layout for renovation planning. Hardwood flooring extends throughout the interiors, and the residences have separate entrances for distinct access.
The property requires complete rehabilitation. Located at 9650 Cascade St in Detroit, Michigan, the asset offers an existing duplex configuration with defined unit layouts and original interior features to evaluate as part of a redevelopment or renovation scope.
The property requires complete rehabilitation. Located at 9650 Cascade St in Detroit, Michigan, the asset offers an existing duplex configuration with defined unit layouts and original interior features to evaluate as part of a redevelopment or renovation scope.
Key Highlights
- 2,880‑square‑foot duplex built in 1925
- Two residential units, each with 3 bedrooms and 1 bath
- Hardwood floors throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,213
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,260
$604.3K
Cap Rate 7%
$431,614
$431.6K
Cap Rate 9%
$335,700
$335.7K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$58.8K $20.40/SF
− Vacancy
−$3.8K −$1.33/SF
EGI
$54.9K $19.07/SF
− OpEx
−$24.7K −$8.58/SF
NOI
$30.2K $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%
$604,260
Cap Rate 7%
$431,614
Cap Rate 9%
$335,700
Alternative Uses
Best Use
Multifamily LT 5
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 164.57%
Second Best
Apartment 5plus
$431.6K
$377.7K – $503.6K
NOI $30,213 @ 7.0% cap · market cap 151.07%
Theoretical Best
Office A
$635.3K
$555.9K – $741.2K
NOI $44,474 @ 7.0% cap · market cap 222.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
367
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains two three-bedroom residences, each with one bath and its own separate entrance.
Where is this duplex located?
The property is located at 9650 Cascade St Detroit, MI.
What are key features of this property?
This property features: 2,880‑square‑foot duplex built in 1925; Two residential units, each with 3 bedrooms and 1 bath; Hardwood floors throughout the property
