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    Eight-Unit Apartment Complex
    Updated: Oct 14, 2024
    Eight-Unit Apartment Complex

    19161 Kelly Rd, Grosse Pointe, MI 48224

    $395,000
    5,092 sqft
    Two‑building, 8‑unit apartment complex for sale (19161 Kelly Rd & 16241 E 7 Mile Rd) in Detroit, MI
    Located on the northwest corner of E 7 Mile Rd and Kelly Rd, on the Detroit/Harper Woods border
    Year built: 1954
    Various improvements completed over the past year
    Potential for a ninth unit on the garden level
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    See what stands out in Wayne County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Grosse Pointe, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Six-Building Apartment Portfolio
    Six-Building Apartment Portfolio

    14299 Fordham Street, Detroit, MI 48205

    $2,999,999
    10,310 sqft 0.09 AC lot

    Portfolio combines an occupied room-rental property with five multifamily buildings at varying stages of rehabilitation and security.

    View details
    Multifamily Apartment Portfolio
    Multifamily Apartment Portfolio

    14296 Glenwood Street, Detroit, MI 48205

    $2,999,999
    9,744 sqft 0.17 AC lot

    Six Detroit apartment properties are offered together, including one occupied bed-rental asset and five buildings at varying rehabilitation stages.

    View details
    Six-Property Multifamily Portfolio
    Six-Property Multifamily Portfolio

    14299 Fordham St, Detroit, MI 48205

    $2,999,999

    Six multifamily buildings are offered together as one portfolio, combining one occupied renovated property with multiple secured, cleaned-out value-add sites.

    View details
    Two-Story Multifamily Building
    Two-Story Multifamily Building

    15255 Mayfield St, Detroit, MI 48205

    Contact for pricing
    13,216 sqft

    Two-story building with 24 bedrooms for up to 36 students.

    View details

    Grosse Pointe, MI Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Grosse Pointe, MI on our real estate platform. These investment opportunities span a total of 5,092 square feet of properties for sale, with an estimated market value of $395,000.

    Sale prices for two-family homes in Grosse Pointe, MI average $395,000 — 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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    Demographics Overview

    Population 98K
    Population Growth (5Y) -2.7%
    Median Household Income $85,838
    College Educated 64.6%

    High-Yield Neighborhoods for Investment

    Identify Grosse Pointe submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Detroit - 48224 $395K

    Taxes & Financing

    Tax Rate (average for all types) 5.33%
    Property Tax per SF $15.56 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wayne County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Wayne County

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