Apartment Building

Hazel Park, MI Apartment Buildings for Sale

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Ferndale, MI Warren, MI Madison Heights, MI Detroit, MI Highland Park, MI Pleasant Ridge, MI Royal Oak, MI Hamtramck, MI
18-Unit Multifamily Building
Updated: Jun 22
18-Unit Multifamily Building

1241-1251 E Woodward Heights Blvd, Hazel Park, MI 48030

$4,000,000
18‑unit multifamily apartment building built in 2019
Major price reduction on the first building: $220,000 (now offered at $1,500,000)
Rent roll and financials available to qualified buyers
Location minutes from the I‑75 and I‑696 interchange
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Hazel Park, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Partially Remodeled Multifamily Building
Partially Remodeled Multifamily Building

415 Hilton Road, Ferndale, MI 48220

$555,000
3,312 sqft 0.30 AC lot

Multifamily property with seven partially remodeled units, plus shared laundry facilities and parking for all units.

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Duplex and Income Apartment Building
Duplex and Income Apartment Building

23736 Sherwood Avenue, Warren, MI 48091

Contact for pricing
2,536 sqft

Two-building residential income setup with separate units and in-unit laundry on one building.

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Move-In Ready Condo with Basement
Move-In Ready Condo with Basement

5279 E. 11 Mile, Warren, MI 48092

$133,000
968 sqft

Charming 2-bedroom condo with basement, ready for immediate occupancy.

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Partially Remodeled Multifamily Property
Partially Remodeled Multifamily Property

415 Hilton Rd, Ferndale, MI 48220

$555,000

Partially remodeled 8-unit multifamily with parking and shared laundry facilities; all units are currently vacant.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land
Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000
0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Detached Two-Family Residence
Detached Two-Family Residence

69 Martense Street, Brooklyn, NY 11226

$1,888,888
0.10 AC lot

Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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Off-Market Properties in Hazel Park, MI

Consider similar Off-Market properties in Hazel Park, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1241 Woodward Heights Blvd
Multifamily properties

1241 Woodward Heights Blvd, Hazel Park, MI 48030

Value Estimation by Request
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Hazel Park, MI Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Hazel Park, MI on our real estate platform.

Sale prices for two-family homes in Hazel Park, MI average $4,000,000 — 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 15K
Population Growth (5Y) -9.9%
Median Household Income $62,878
College Educated 30.8%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
48030 $1.9M

Taxes & Financing

Tax Rate (average for all types) 6.91%
Property Tax per SF $49.27 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Oakland County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

Retail

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Hazel Park fall within the 10,000 to 25,000 square foot range.

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