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Novi, MI Apartment Buildings for Sale

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Apartment Building with Geothermal HVAC
Updated: Jun 2
Apartment Building with Geothermal HVAC

26095 Taft Road, Novi, MI 48374

$4,300,000
17,359 sqft 11.53 AC lot
17,359 SF building on 11.53 acres built in 2009
Zoned RT‑PRO & R1 Residential
12 one‑bedroom apartments with geothermal heating and cooling
Includes community room, dining room, and a commercial kitchen
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See what stands out in Oakland 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 Novi, 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.

12-Unit Residential Income Property
12-Unit Residential Income Property

28214 Oakmonte Cir W, New Hudson, MI 48165

$3,350,000
17,570 sqft

Well-maintained 12-unit condo building with all units occupied and a mix of 2- and 3-bedroom layouts.

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110-Unit Five-Story Apartment Building
110-Unit Five-Story Apartment Building

26620 Franklin Rd, Southfield, MI 48033

$3,025,000
52,285 sqft 1.41 AC lot

Senior living designation, B-3 zoning, and shared parking support a range of residential operating considerations.

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12-Unit Multifamily Condo Building
12-Unit Multifamily Condo Building

28214-28234 Oakmonte Circle West, New Hudson, MI 48165

Contact for pricing
17,570 sqft

Well-maintained 12-unit condo building with a mix of 2- and 3-bedroom units, all currently occupied.

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Southfield Apartment Building Portfolio
Southfield Apartment Building Portfolio

26717 Berg Rd, Southfield, MI 48033

Contact for pricing
280,000 sqft

Apartment building portfolio in Southfield's thriving rental market.

View details

Novi, MI Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Novi, MI on our real estate platform. These investment opportunities span a total of 17,359 square feet of properties for sale, with an estimated market value of $4,300,000.

Sale prices for two-family homes in Novi, MI average $4,300,000 — 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 62K
Population Growth (5Y) +11.9%
Median Household Income $124,389
College Educated 67.9%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
48374 $4.3M

Taxes & Financing

Tax Rate (average for all types) 4.06%
Property Tax per SF $88.65 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)

Property Size Breakdown

The majority of commercial real estate listings in Novi fall within the 100,000+ square foot range.

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