Three-Unit Ranch
For Sale
$260,000
1518 Hanover Street, Lincoln Park, MI 48146
Multifamily, 1 Story, Lincoln Park, MI
Property Size3,024 SF
Lot Size0.19 Acres
Price / SF$85.98
Days on Market13
Property Features for 1518 Hanover Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Multi-Family
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Pets allowed
Yes
Exterior features
Fenced
Fencing
Fenced
Subdivision
Elmwood Heights Sub
Elementary school district
Lincoln Park
Middle school district
Lincoln Park
High school district
Lincoln Park
Directions
Southfield to Hanover
Standard status
Active
APN
45006030061310
Size
3,024 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
EA61 EA62* LOT 61 A ND LOT 62 ELMWOOD HEIGHTS SUB PC 50 L35 P31 WCR
Tax Annual Amount
5708
Legal Description
EA61 EA62* LOT 61 A ND LOT 62 ELMWOOD HEIGHTS SUB PC 50 L35 P31 WCR
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
on-site laundry
Building Details
Year built
2015
Floors in Building
1
Number of units
3
Building materials
Brick, Vinyl
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
KW Professionals · Keller Williams Realty
(734) 459-4700
Listed By:
Jeff Glover · License #6501317808
(734) 259-1100
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 25 at 11:06AM
MLS# 20261064422
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.
Built in 2015, this 3,024-square-foot ranch-style triplex contains three separate residences. Each apartment includes one bedroom, a living room, dining area, and bathroom. The building combines brick and vinyl exterior materials, with forced-air heating, window-unit cooling, and an asphalt roof. A fenced setting adds separation from the surrounding area.
Residents have access to on-site laundry, a shared parking lot, and additional parking at the front of the building. Each unit has its own utility meter, while water is included in the rental terms. The property is fully leased with long-term tenants in place and is located at 1518 Hanover Street in Lincoln Park, Michigan.
Residents have access to on-site laundry, a shared parking lot, and additional parking at the front of the building. Each unit has its own utility meter, while water is included in the rental terms. The property is fully leased with long-term tenants in place and is located at 1518 Hanover Street in Lincoln Park, Michigan.
Key Highlights
- Three‑unit multifamily building with 3,024 square feet
- Each apartment includes 1 bedroom, living room, dining area, and bathroom
- 100% leased with long‑term tenants in place
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased property with on-site laundry, shared parking, and separately metered utilities for each residence.
Where is this triplex located?
The property is located at 1518 Hanover Street Lincoln Park, MI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Three‑unit multifamily building with 3,024 square feet; Each apartment includes 1 bedroom, living room, dining area, and bathroom; 100% leased with long‑term tenants in place
