Turnkey 8-Unit Multifamily
13660 Ohio Street Detroit, MI 48238
For Sale
$675,000
MULTI_FAMILY - Other - Detroit, MI
Property Size5,832 SF
Lot Size0.28 Acres
Price / SF$115.74
Days on Market103
Property Features for 13660 Ohio Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
16
Bathrooms
8
Rooms
Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 16, Bedroom 2, Bathroom 7, Bedroom 15, Bedroom 4, Bedroom 9, Basement, Bathroom 5, Bedroom 3, Bedroom 11, Bedroom 7, Bedroom 14, Bedroom 13, Bathroom 6, Bedroom 8, Bedroom 10, Bathroom 8, Bedroom 12, Bathroom 1, Bathroom 4, Bedroom 6, Bathroom 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
Listing Agency:
Keller Williams Somerset
(248) 649-7200
Listed By:
James T Silver · License #6501302927
(248) 530-7292
Added: Apr 16
Changed: Jul 24
Last Checked: Jul 27 at 8:06PM
MLS# 20261025626
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.
Investment Insights
Based on property information with market context.
This turnkey 8-unit multifamily property is currently fully occupied, with all units updated and leased. Each unit offers two bedrooms and one full bathroom. Per the provided information, every unit has its own furnace, with tenants paying electricity and gas while the landlord pays water.
The property is located at 13660 Ohio Street in Detroit, MI 48238. The seller notes the building is just off Interstate 96 for convenient access throughout Metro Detroit, and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals.
The offering is presented as an income-producing, minimal-upfront-work investment. Buyer and BA are advised to verify all information, as some details in the MLS are noted as being based on another address due to a missing PRD for the subject address.
The property is located at 13660 Ohio Street in Detroit, MI 48238. The seller notes the building is just off Interstate 96 for convenient access throughout Metro Detroit, and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals.
The offering is presented as an income-producing, minimal-upfront-work investment. Buyer and BA are advised to verify all information, as some details in the MLS are noted as being based on another address due to a missing PRD for the subject address.
Key Highlights
- Brick multifamily built in 1927 with forced‑air heating
- 8‑unit property in the Davison‑Schoolcraft neighborhood of Detroit
- 100% occupancy with all units updated and leased
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
NOI $61,182 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,059 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 8-unit property with 100% occupancy; each unit has its own furnace and separate utility responsibilities.
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 $675,000.
What are key features of this property?
This property features: Brick multifamily built in 1927 with forced‑air heating; 8‑unit property in the Davison‑Schoolcraft neighborhood of Detroit; 100% occupancy with all units updated and leased
