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    2255 Webb St Detroit, MI 48206

    For Sale
    $5,480,000

    Multi Family - Detroit, MI

    Type:Single Family Attached
    Days on Market:
    110
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 2255 Webb St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Number of units
    156
    Architectural style
    Other

    Eagle Realty LLC d/b/a Keller Williams Eagle Realty (305) 757-1700 [email protected]

    Listing agent Justin Zehel (305) 757-1700 License #3598465

    Listing date Aug 26, 2025

    MLS# A11865994 Listing URL

    Copyright © 2025 Miami 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 Russell Woods apartment complex features 156 units, presenting an add-value investment opportunity. The property, comprised of 28 buildings on a single plot of land, is partially occupied at 50%. The unit mix includes 100 one-bedroom, one-bath units and 56 two-bedroom, one-bath units. Occupied units are in good condition, while vacant units require minimal turnover work before renting. The property is fenced. Some roofs have been updated or replaced, and all windows have been upgraded to vinyl. The heating system is a mix of boiler heat for 48 units and individual furnaces for the remaining 108 units. Located in the Russell Woods Community of Detroit, the property offers good rents and the potential to become a cash cow with increased occupancy. Seller financing may be available with 50% down and the seller in first position.
    Location Intelligence

    Current Use by Public Records

    Russell Wood Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness 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
    -83.1090403
    Latitude
    42.3842626

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    FAQs

    What type of property is this?
    Apartment building - 156-unit apartment complex in Detroit's Russell Woods neighborhood.
    Where is this apartment building located?
    The property is located at 2255 Webb St Detroit, MI.
    What is the asking price?
    The asking price for this property is $5,480,000.
    What are key features of this property?
    This property features: - Add value investment opportunity with 156 units (100 one bed/one bath and 56 two bed/one bath).; - 50% occupancy provides immediate income with potential for significant increase.; - Seller financing available with 50% down.
    (305) 757-1700
    Request Owner's contact information
    2255 Webb St Detroit, MI 48206
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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
    2255 Webb St Detroit, MI 48206
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