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Detroit Multifamily Investment Opportunity
For Sale
$150,000

16147 Snowden Street, Detroit, MI 48235

Multifamily property in Detroit with income potential and convenient location.

Property SizeContact for details
Days on Market120

Property Features for 16147 Snowden Street

General Information

Standard status Active
Property subtype Multi Family
Listing Agency: Keller Williams Legacy
Listed By: Michael M Phillips · License #6502387592
Source: Brendaharrisgroup
Added: May 21 Changed: Sep 11 Last Checked: Sep 16 at 5:23PM

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 Keller Williams Legacy

Investment Insights

Based on property information with market context.

Located in Detroit, this multi-family property at 16147 Snowden Street presents an opportunity for investors or owner-occupants seeking income generation. The property features spacious living areas and strong rental potential. Its location offers convenient access to major roads, shopping, dining, and local amenities. The property has a walk score of 79, indicating it is very walkable, a bike score of 51, indicating it is bikeable, and a transit score of 48, indicating some transit options are available.

Key Highlights

  • Multi‑family property ideal for investors or owner‑occupants seeking rental income.
  • Convenient Detroit location near major roads, shopping, dining, and local amenities.
  • Strong rental potential.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage Skin Care Clinic Food Market

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

1,159
Businesses Nearby

Demographics for 48235, MI

45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - Multifamily property in Detroit with income potential and convenient location.
Where is this multifamily property located?
The property is located at 16147 Snowden Street Detroit, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Multi‑family property ideal for investors or owner‑occupants seeking rental income.; Convenient Detroit location near major roads, shopping, dining, and local amenities.; Strong rental potential.
More about this property
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