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    Detroit Multifamily Investment Opportunity
    Updated: Apr 16
    Detroit Multifamily Investment Opportunity

    13660 Ohio Street, Detroit, MI 48238

    $725,000
    5,832 sqft · 0.28 AC lot
    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
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    This listing looks promising.

    Here's a quick look at some key insights for

    13660 Ohio Street, Detroit, MI 48238

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $61K
      Annual

    • Price @ 7% Cap

      $874K
      Above asking

    • Property Type

      Residential Income
      Built 1927
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    Fully Renovated 18-Unit Apartment Building
    Updated: Jun 15
    Fully Renovated 18-Unit Apartment Building

    13233 La Salle Boulevard, Detroit, MI 48238

    $999,999
    9,000 sqft · 0.20 AC lot
    18‑unit apartment building, mix of 1- and 2‑bedroom units
    Fully renovated building
    Approximately 50% occupied; collect rents Day 1 while filling remaining units
    Year built 1927
    Vinyl construction materials with forced‑air heating
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    Mixed-Use Building with Storefronts
    Mixed-Use Building with Storefronts

    14318 E Jefferson Avenue, Detroit, MI 48215

    $749,900
    5,874 sqft · 0.16 AC lot

    Five-unit style mixed-use building includes three storefronts and two upper apartments, with a ready-to-operate restaurant space.

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    Six-Property Multifamily Portfolio
    Six-Property Multifamily Portfolio

    18036 SCHOENHERR Street, Detroit, MI 48205

    $2,999,999
    16,860 sqft · 0.30 AC lot

    Six multifamily buildings sold together, including one fully renovated and occupied unit with five others prepared for redevelopment.

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    Multifamily Portfolio for Sale
    Multifamily Portfolio for Sale

    18029 SCHOENHERR Street, Detroit, MI 48205

    $2,999,999
    6,702 sqft · 0.11 AC lot

    Six multifamily properties are offered together, with one fully renovated and occupied and five in cleared, secured condition.

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    Multifamily Portfolio Package
    Multifamily Portfolio Package

    14296 Glenwood Street, Detroit, MI 48205

    $2,999,999
    9,744 sqft · 0.17 AC lot

    Six Detroit multifamily properties sold together, mixing an occupied renovated asset with multiple buildings ready for further renovation.

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    Detroit Multifamily Investment Opportunity
    Detroit Multifamily Investment Opportunity

    10400 Whittier Street, Detroit, MI 48224

    $500,000
    10,222 sqft · 0.21 AC lot

    16-unit apartment building with value-add potential in Detroit.

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    Art Deco Mixed-Use Apartment Building
    Art Deco Mixed-Use Apartment Building

    15523 Mack Avenue, Detroit, MI 48224

    $1,000,000
    14,592 sqft · 0.17 AC lot

    Mixed-use asset with 18 residential units and 2 commercial spaces on Mack Avenue.

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    Multifamily Portfolio Redevelopment
    Multifamily Portfolio Redevelopment

    10820 SCHOOLCRAFT Street, Detroit, MI 48238

    $2,999,999
    8,516 sqft · 0.09 AC lot

    Portfolio sale of six multifamily properties in Detroit, including a fully renovated occupied asset and multiple secured, rehab-ready buildings.

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    32-Unit Apartment Building
    32-Unit Apartment Building

    14440 Frankfort Street, Detroit, MI 48224

    $800,000
    32,934 sqft · 0.75 AC lot

    32-unit mix of one- and two-bedroom apartments with 2021 exterior and systems updates and renovated kitchens.

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    Detroit Multifamily Investment Opportunity
    Detroit Multifamily Investment Opportunity

    1197 VIRGINIA PARK Street, Detroit, MI 48202

    $1,075,000
    11,100 sqft · 0.32 AC lot

    Well-maintained 9-unit property in desirable Virginia Park neighborhood.

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    16-Unit Apartment Building
    16-Unit Apartment Building

    19131 Lahser Road, Detroit, MI 48219

    $900,000
    15,106 sqft · 0.35 AC lot

    Detroit, MI 16-unit income property with 12 units occupied and remaining units available for lease-up.

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    Brick 8-Unit Multifamily Building
    Brick 8-Unit Multifamily Building

    11744 Cascade Street, Detroit, MI 48204

    $499,999
    3,370 sqft · 0.07 AC lot

    Eight 1-bedroom units in a brick multifamily building with forced-air heat and public water/sewer service.

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    8-Unit Multifamily Building
    8-Unit Multifamily Building

    15080 Greenfield Road, Detroit, MI 48227

    $399,000
    7,080 sqft · 0.19 AC lot

    Eight-unit residential income building with five units occupied and three vacancies, offering current and future rental income.

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    Detroit Multifamily Investment Opportunity
    Detroit Multifamily Investment Opportunity

    12927 Plymouth Road, Detroit, MI 48227

    $499,000
    4,467 sqft · 0.28 AC lot

    High-performing 10-unit apartment building with development potential.

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    Updated 16-Unit Brick Apartment
    Updated 16-Unit Brick Apartment

    3550 Montclair Street, Detroit, MI 48214

    $599,900
    10,944 sqft · 0.23 AC lot

    Brick multifamily with 2022 capital improvements, partially remodeled interiors, and separate metering for electric and cooking gas.

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    Multifamily Apartment Building For Sale
    Multifamily Apartment Building For Sale

    250 Eliot Street, Detroit, MI 48201

    $650,000
    7,823 sqft · 0.16 AC lot

    Multifamily residential building with renovation financing options available, offered for sale in Detroit.

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    Detroit Multifamily Investment Opportunity
    Detroit Multifamily Investment Opportunity

    1408 Lee Place, Detroit, MI 48206

    $399,000
    19,686 sqft · 0.21 AC lot

    29-unit apartment building in Detroit's Herman Kiefer sub.

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    Detroit Multifamily Investment Opportunity
    Detroit Multifamily Investment Opportunity

    326 Eastlawn Street, Detroit, MI 48215

    $1,890,900
    24,912 sqft · 2.20 AC lot

    Package deal: 20 homes, tenant-occupied and vacant.

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    Remodeled 60-Unit Section 8 Housing
    Remodeled 60-Unit Section 8 Housing

    15860 Joy Road, Detroit, MI 48228

    $3,999,950
    48,336 sqft · 1.72 AC lot

    60-unit multifamily in Detroit with 100% occupancy, Section 8 tenancy, and tenants paying all utilities.

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    Commercial-Zoned Multifamily Building
    Commercial-Zoned Multifamily Building

    491 E GRAND Boulevard, Detroit, MI 48207

    $399,999
    3,904 sqft · 0.20 AC lot

    Commercial-zoned multifamily property for sale with 0.2-acre lot and compact 3,904 SF footprint.

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    Fully Occupied Detroit Apartment Building
    Fully Occupied Detroit Apartment Building

    3633 Oakman Boulevard, Detroit, MI 48204

    $350,000
    5,752 sqft · 0.13 AC lot

    Nine-unit apartment building in Detroit with immediate income potential.

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    Well-Maintained 12-Unit Apartment Building
    Well-Maintained 12-Unit Apartment Building

    8133 Kentucky Street, Detroit, MI 48204

    $799,999
    0.17 AC lot

    Well-maintained 12-unit multifamily property with potential to add two units in the basement, subject to approvals.

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    Stabilized Multifamily Portfolio in Detroit
    Stabilized Multifamily Portfolio in Detroit

    7536 DUNEDIN ST, Detroit, MI 48206

    $2,163,000
    22,827 sqft · 1.08 AC lot

    28-unit multifamily portfolio in Detroit's Virginia Park/LaSalle Gardens corridor.

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    Detroit, MI Apartment Buildings Market Trends and Statistics

    Explore 101 apartment buildings for sale in Detroit, MI, showcased through 101 active listings on our real estate platform. These investment opportunities span a total of 1,296,865 square feet of properties for sale, with an estimated market value of $113,949,243.

    Sale prices for two-family homes in Detroit, MI start at $50,000, averaging $1,808,718, and reaching up to $25,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 850K
    Population Growth (5Y) -4.2%
    Median Household Income $48,716
    College Educated 21.2%

    High-Yield Neighborhoods for Investment

    Identify Detroit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Highland Park $249.9K
    Harper Woods $469.9K
    Detroit $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 3.32%
    Property Tax per SF $36.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wayne County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Detroit fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Detroit, MI

    • 48205
    • 48206
    • 48224
    • 48238
    • 48204
    • 48228
    • 48201
    • 48202
    • 48208
    • 48213
    • 48221
    • 48227

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