Michigan Apartment Buildings for Sale

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Updated: Jun 24

Corner Medical Clinic with Apartments

69206 N Main St, Richmond, MI 48062

$649,900

4,860 sqft

Prominent downtown commercial corner with a light, bright first‑floor storefront and flexible B‑2 zoning
Currently operating as a medical sports recovery clinic (Ste 1‑A) with commercial use allowed on the first 2 floors
Five additional income‑generating apartments with leases in place
High‑quality new front and rear doors with sidelights and transom updated in 2026
Storefront window display style and curb‑appeal architecture, located in a historic walking downtown area

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69206 N Main St, Richmond, MI

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$51K
Annual
Price @ 7% Cap

$728K
Above asking
Property Type

Multi-Family Dwellings
Built 1920

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Updated: Aug 18

Remodeled 18-Unit Apartment Building

St Joseph, MI 49085

$2,495,000

14,086 sqft 0.81 AC lot

18‑unit apartment building with 14,086 square feet
0.81‑acre parcel at 917 Pearl Street in St. Joseph
Gutted to the studs and fully remodeled with new electric
Separate electric meters with tenants paying electric
Washer and dryer provided in each unit

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Three-Building Apartment Property

4987 Loeb Road, Charlevoix, MI 49720

$1,495,000

6,317 sqft 2.00 AC lot

Leased apartment compound with commercial zoning, established improvements, and capacity for an additional unit.

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Mixed-Use Property With Rental Units

525 W Mitchell Street, Petoskey, MI 49770

$1,870,000

10,580 sqft

Mixed-use property combines residential rentals, office and retail space, and an on-site house.

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Two-Story Apartment Building

29425 W Jefferson Avenue, Rockwood, MI 48173

$1,900,000

12,144 sqft 1.32 AC lot

Twenty-four-unit apartment property with a varied unit mix, basement, municipal utilities, and on-site parking.

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Fully Renovated Apartment Building

13233 La Salle Boulevard, Detroit, MI 48238

$999,999

9,000 sqft 0.20 AC lot

Renovated 18-unit multifamily building with one- and two-bedroom apartments, forced-air heat, and public water.

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10-Unit Apartment Portfolio

218 S COTTAGE STREET, Cadillac, MI 49601

$575,000

6,100 sqft

Three nearby rental properties offer off-street parking and access to downtown shopping, dining, entertainment, and employment.

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Fifteen-Unit Apartment Building

1019 E Broadway Street, Mt Pleasant, MI 48858

$969,900

13,200 sqft 1.35 AC lot

Fifteen-unit multifamily property with frame construction, an asphalt roof, and established residential zoning.

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Garden-Style Apartment Community

15925 W 11 Mile Rd, Southfield, MI 48076

$1,375,000

7,600 sqft 0.70 AC lot

8-unit, fully occupied garden-style community with in-unit washer/dryer and 14 parking spaces on two two-story buildings.

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Colonial Duplex Multifamily

1600 Holland Avenue, Port Huron, MI 48060

$2,500,000

14,976 sqft 1.70 AC lot

Eight duplex units with significant upgrades in the past two years, fully occupied, and separate utilities for each unit.

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10-Unit Apartment Building on US-41

42280 Willson Memorial Drive, Chassell, MI 49916

$640,000

8,184 sqft 1.03 AC lot

10-unit apartment building with studio through two-bedroom units, updated interiors, parking, coin laundry, and sprinkler system.

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30-Unit Apartment Building

21124 Schoolcraft, Detroit, MI 48223

$1,650,000

19,500 sqft 0.42 AC lot

1968-built, B4-zoned 30-unit apartment property with one-bedroom units, on-site parking, and immediate access to I-96 and M-39.

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10-Unit Apartment Building

42280 Willson Memorial Drive, Chassell, MI 49916

$640,000

8,184 sqft 1.03 AC lot

Multifamily property with mixed unit sizes, updated interiors, tenant-controlled HVAC, coin laundry, and extensive parking.

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Art Deco Apartment Building

15523 Mack Avenue, Detroit, MI 48224

$1,000,000

14,592 sqft 0.17 AC lot

20-unit mixed-use building with 18 residential units and 2 commercial spaces, built in 1929.

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48-Unit Multifamily Apartment Community

23411 Fenkell, Detroit, MI 48223

$2,640,000

54,309 sqft 2.27 AC lot

48-unit apartment community on 2.27 acres with separate electric metering, refurbished boilers, and rebuilt balconies.

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Multifamily Property with Covered Deck

430 Bridge Avenue, Alma, MI 48801

$305,000

4,288 sqft 0.32 AC lot

Residential, multi-family property with a two-bedroom apartment, two studio units, and a covered deck for tenant convenience.

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Brick Multifamily Redevelopment Portfolio

18029 SCHOENHERR Street, Detroit, MI 48205

$2,999,999

6,702 sqft 0.11 AC lot

Portfolio of six brick multifamily properties sold together, including one fully renovated, occupied building and five with rehab underway.

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Six-Unit Apartment Building

320 Koch Ave, Ann Arbor, MI 48103

$1,700,000

4,248 sqft

R4B-zoned multifamily property with fully occupied units in Ann Arbor.

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Brick Multi-Family Portfolio with Rehab

14296 Glenwood Street, Detroit, MI 48205

$2,999,999

9,744 sqft 0.17 AC lot

Zoned multi-family with brick construction and forced-air heating, offered as a six-property portfolio sold together only.

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18-Unit Apartment Building

917 PEARL ST, Saint Joseph, MI 49085

$2,495,000

14,086 sqft

Multifamily asset near downtown St. Joseph, Lake Michigan beaches, shopping, dining, and parks.

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Downtown Mixed-Use Building

98 W Center Street, Douglas, MI 49406

$1,490,000

4,548 sqft 0.20 AC lot

Three-story building includes two retail units on the main level and multiple apartments, with recent 2025 remodeling.

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12-Unit Ranch Multifamily Complex

4222 Drouillard Street Unit SourceFi, Lincoln Park, MI 48146

$1,095,000

7,133 sqft

12-unit ranch complex of four adjacent buildings, each unit has private entrance and separate utilities.

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Six-Property Multifamily Portfolio

14299 Fordham Street, Detroit, MI 48205

$2,999,999

10,310 sqft 0.09 AC lot

Six multifamily buildings in a portfolio sale; brick construction with forced-air heat, public water, built in 1928.

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Mixed-Use Building with Retail and Apartments

405 W Main Street, Ionia, MI 48846

$700,000

11,386 sqft 0.21 AC lot

Fully leased mixed-use building with street-level retail and five leased apartments on the second floor.

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Michigan Apartment Buildings Market Trends and Statistics

Explore 451 apartment buildings for sale in Michigan, showcased through 451 active listings on our real estate platform. These investment opportunities span a total of 4,099,231 square feet of properties for sale, with an estimated market value of $373,355,468.

Sale prices for two-family homes in Michigan start at $45,999, averaging $1,141,759, and reaching up to $11,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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