Two-Unit Colonial
9650 Cascade Street, Detroit, MI 48204
For Sale
Contact for pricing
Multifamily, 2 Story, Detroit, MI
Property Size2,880 SF
Lot Size0.08 Acres
Price / SF$6.94
Days on Market345
Property Features for 9650 Cascade Street
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
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
RCH Brokerage Legacy Inc
Listed By:
Leonard A Pickett III · License MI #6501306589
(248) 440-2268
Added: Dec 5, 2025
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 20251059009
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 two-unit duplex contains 2,880 square feet on a 0.08-acre residential parcel. Each unit includes three bedrooms and one bathroom, with separate entrances and hardwood flooring throughout. The property is a two-story Colonial-style structure built in 1925 with wood construction and forced-air heating. Complete rehabilitation is needed.
Located in Detroit’s 48204 ZIP code, the property is served by public water. Its residential zoning and duplex configuration provide a defined income-property format, while the existing room layout includes a basement and six bedrooms total across the building.
Located in Detroit’s 48204 ZIP code, the property is served by public water. Its residential zoning and duplex configuration provide a defined income-property format, while the existing room layout includes a basement and six bedrooms total across the building.
Key Highlights
- Two‑unit duplex with three bedrooms and one bathroom per unit
- 2,880 square feet on a 0.08‑acre lot
- Separate entrances for both units
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
Second Best
Apartment 5plus
$431.6K
$377.7K – $503.6K
NOI $30,213 @ 7.0% cap
Theoretical Best
Office A
$635.3K
$555.9K – $741.2K
NOI $44,474 @ 7.0% cap
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
$53,600
Median Home Value
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Market
Average Price Trend$/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 - Two residential units provide three bedrooms, one bath, hardwood flooring, and separate entrances in each unit.
Where is this duplex located?
The property is located at 9650 Cascade Street Detroit, MI.
What are key features of this property?
This property features: Two‑unit duplex with three bedrooms and one bathroom per unit; 2,880 square feet on a 0.08‑acre lot; Separate entrances for both units
