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    Detroit Multifamily Investment Opportunity Title is generated by Realmo AI

    13660 Ohio Street, Detroit, MI 48238

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    Claim this Listing
    For Sale
    $725,000

    MULTI_FAMILY - Other - Detroit, MI

    Property size:
    5,832 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $124/SF
    Added:
    Apr 16, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 12 at 7:06 am

    Property Features for 13660 Ohio Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Commercial
    Bedrooms
    16
    Bathrooms
    8
    Rooms
    Bathroom 5, Bathroom 6, Bedroom 9, Bedroom 15, Bathroom 8, Bedroom 2, Bedroom 12, Bedroom 6, Bedroom 16, Bathroom 2, Bedroom 13, Bedroom 8, Bathroom 1, Bedroom 14, Bedroom 11, Bathroom 7, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 7, Bedroom 1, Basement, Bedroom 10, Bedroom 5, Bedroom 3
    Pets allowed
    Call
    Standard status
    Active
    APN
    W16I033668S
    Size
    5,832 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    E OHIO 118 THRU 116 JOHN M WELCH JRS WYOMING- SCHOOLCRAFT SUB L46 P98 PLATS, W C R 16/338 122.04 IRREG
    Tax Annual Amount
    18932

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    8
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    James T Silver

    Listing agent James T Silver License #6502374648

    Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI

    Listing date Apr 16, 2026

    MLS# 20261025626 Listing URL

    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.

    HighLights

    • Brick multifamily built in 1927 with forced‑air heating and public water service
    • 8‑unit rental property with 100% occupancy and all units updated and leased
    • Unit mix: eight 2‑bedroom units with 1 full bathroom each
    • Current income of $1,000 per month per unit
    • Each unit has its own furnace
    • Utilities setup: tenants pay electrical and gas; landlord pays water

    Overview

    This well-maintained multifamily property is located in Detroit's Davison-Schoolcraft neighborhood. The property features eight units, each with 2 bedrooms and 1 full bathroom. All units are updated and leased, with 100% occupancy. Each unit generates $1,000 per month. The property is located just off Interstate 96, providing easy access throughout Metro Detroit. It is also minutes from the University of Detroit Mercy, Detroit Golf Club, and nearby hospitals. The property is a fully occupied, income-producing property. The lot size is 0.28 acres and the property size is 5832 square feet. Each unit has its own furnace. Tenants pay for electrical and gas, while the landlord pays for water. The current seller has owned and managed the property for the last 20 years.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $119.0k $20.40
    − Vacancy −$7.7k −$1.33
    EGI $111.2k $19.07
    − OpEx −$50.1k −$8.58
    NOI $61.2k $10.49
    5,832 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $874.0K
    $764.8K – $1.02M (±1% cap)
    NOI $61,182 @ 7.0% cap · market cap 8.44%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,059 @ 7.0% cap · market cap 12.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.154869
    Latitude
    42.388344

    FAQs

    What type of property is this?
    Apartment building - Turnkey 8-unit property in desirable Detroit neighborhood.
    Where is this apartment building located?
    The property is located at 13660 Ohio Street Detroit, MI.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Brick multifamily built in 1927 with forced‑air heating and public water service; 8‑unit rental property with 100% occupancy and all units updated and leased; Unit mix: eight 2‑bedroom units with 1 full bathroom each
    More about this property
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