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Detroit Four-Unit with Parking Lot
For Sale
$499,900

268 Marston St, Detroit, MI 48202

Four-unit property with adjacent parking lot in Detroit's North End.

Property Size4,838 SF
Days on Market93

Property Features for 268 Marston St

General Information

Standard status Active
Size 4,838 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $3,391

Building Details

Building Size 4,838 SF
Year Built 1913
Units 4
Listing Agency: M77 LLC
Listed By: Patricia J Raymond · License #6502368307
Source: Elliman
Added: May 21 Changed: Aug 9 Last Checked: Aug 20 at 11:51AM

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 M77 LLC

Investment Insights

Based on property information with market context.

This four-unit, all-brick property is located in Detroit's historic North End, an area noted for ongoing rehabilitation and construction, and within walking distance of Woodward Avenue and Grand Boulevard. The property features four units, each with two bedrooms and one bathroom. The basement includes storage areas, laundry hookups, and tubs for each unit. A key feature is the adjacent lot, which has a parking area with a security gate accessible to tenants via a remote door opener. One unit has been fully remodeled, while two others are partially updated. One unit is vacant and requires a complete renovation. Each unit is equipped with its own forced air furnace and water heater. Similar units in the area rent for approximately $1100 to $1350. The property has a bike score of 56, indicating it is bikeable, a walk score of 70, indicating it is somewhat walkable, and a transit score of 47, indicating some transit options are available.

Key Highlights

  • Four‑unit all‑brick building in Detroit's historic North End, a rapidly developing area.
  • Adjacent included lot with gated parking for tenants, enhancing security and convenience.
  • Each unit has its own forced air furnace and water heater, providing individual climate control.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Nail Salon Hair Salon Grocery & Convenience Store Auto Parts Store Kitchen & Bath Showroom Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,155
Businesses Nearby

Demographics for 48202, MI

17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit property with adjacent parking lot in Detroit's North End.
Where is this quadplex located?
The property is located at 268 Marston St Detroit, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Four‑unit all‑brick building in Detroit's historic North End, a rapidly developing area.; Adjacent included lot with gated parking for tenants, enhancing security and convenience.; Each unit has its own forced air furnace and water heater, providing individual climate control.
More about this property
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