Updated 16-Unit Apartment
For Sale
$599,900
3550 Montclair St, Detroit, MI 48214
Updated 16-unit apartment building near Chrysler/Stellantis plant.
Property SizeContact for details
Lot Size0.23 Acres
Days on Market250
Property Features for 3550 Montclair St
General Information
Standard status
Active
Lot size
0.23 Acres
Property subtype
Investment
Building Details
Year Built
1925
Listing Agency:
REMAX LEADING EDGE
(313) 277-7777
Listed By:
Ryan E Kain · License #6501401697
(313) 277-7777
Source:
Elliman
Added: Nov 28, 2025
Changed: Jul 6
Last Checked: Aug 5 at 12:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX LEADING EDGE
Investment Insights
Based on property information with market context.
This is an updated 16-unit brick apartment building. Seven of the sixteen units are currently occupied. Significant updates were completed in 2022, including all-new windows, a new roof, two new boilers and hot water tanks, and some updated electrical and plumbing. Five of the sixteen units were completely remodeled with updated kitchens and bathrooms, and the remaining eleven units have had rental turnovers completed. The front half of the basement has space to add four units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately, while the owner pays for heating, common area electric, and water. The property is located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant, which is expected to have a positive economic impact on the surrounding areas.
Key Highlights
- Updated 16‑unit brick apartment building with significant renovations completed in 2022, including new windows, roof, boilers, and HWTs.
- Value‑add opportunity to add 4 units in the gutted basement, increasing potential income.
- Located near Chrysler/Stellantis's new auto manufacturing plant, potentially increasing tenant demand.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
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?
Apartment building - Updated 16-unit apartment building near Chrysler/Stellantis plant.
Where is this apartment building located?
The property is located at 3550 Montclair St Detroit, MI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Updated 16‑unit brick apartment building with significant renovations completed in 2022, including new windows, roof, boilers, and HWTs.; Value‑add opportunity to add 4 units in the gutted basement, increasing potential income.; Located near Chrysler/Stellantis's new auto manufacturing plant, potentially increasing tenant demand.
