3465 Wager St, Detroit, MI 48206

Building Details

Year Built

1923

Listing office Bellabay Realty Tri-Counties n***@comcast.net Show Phone

Listing date Mar 11, 2026

Source Elliman

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Overview

This four-unit multifamily property, with over 3300 square feet, presents a significant investment opportunity. The property requires a full rehabilitation. It is suited for investors looking for buy-and-hold income potential or a fix-and-flip project. The sale is contingent on a buyer/seller executed development agreement. Proposals must include proof of funds documentation, development timelines, and offer amounts. Renovation experience, whether with the Detroit Land Bank Authority (DLBA) or not, must include addresses and before/after photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Pharmacy Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Detroit

County

Wayne

State

Michigan

Longitude

-83.1178

Latitude

42.3714

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FAQs

What type of property is this?

Quadplex - Four-unit multifamily property requiring full rehabilitation for investors.

Where is this quadplex located?

The property is located at 3465 Wager St Detroit, MI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Great investment opportunity in a thriving area.; Four‑unit multi‑family property with over 3300 square feet.; Suitable for both buy‑and‑hold and fix‑and‑flip strategies.