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    1531 W Warren Ave Detroit, MI 48208

    For Sale
    $509,000

    MULTI_FAMILY - Detroit, MI

    Lot size:
    0.17 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 1531 W Warren Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 4, Bedroom 4, Bathroom 5, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
    Bedrooms
    4
    APN
    08006042.
    Basement
    Full
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1911
    Number of units
    4
    Building materials
    Brick

    Prep Realty (313) 355-3004

    Listing agent Ishma Best (313) 355-3004

    Listing date Nov 12, 2025

    MLS# 25057887 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Multifamily Investment Opportunity

    This four-unit multifamily property is located in the highly desirable Woodbridge neighborhood of Detroit. The property is 75% occupied, with all units featuring one bedroom and one bathroom. Currently, the property generates $3,065 per month in rental income. Situated on a tree-lined street, the location offers convenient access to Wayne State University, Henry Ford Hospital, the Detroit Medical Center (DMC), and various downtown amenities. The area experiences strong rental demand, presenting a favorable opportunity for investors seeking consistent cash flow. The property is walkable to restaurants, shops, and parks. The lot size is 0.17 acres. This turnkey property is located in a prime Detroit neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.079483
    Latitude
    42.351653

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in Woodbridge, generating $3,065 monthly.
    Where is this quadplex located?
    The property is located at 1531 W Warren Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $509,000.
    What are key features of this property?
    This property features: - Prime Woodbridge location near Wayne State, Henry Ford Hospital, DMC, and downtown amenities; - Turnkey 4-unit property generating $3,065/month; - 75% occupancy rate indicating immediate cash flow
    (313) 355-3004
    Request Owner's contact information
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    Detroit, MI 48208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1531 W Warren Ave Detroit, MI 48208
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