16-Unit Apartment
For Sale
$900,000
19131 Lahser Rd, Detroit, MI 48219
Sixteen-unit building with most units occupied, offering income and leasing flexibility in a walkable, transit-accessible area.
Property Size15,106 SF
Days on Market49
Property Features for 19131 Lahser Rd
General Information
Standard status
Active
Size
15,106 SF
Property subtype
Investment
Occupancy
75%
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$41,576
Building Details
Building Size
15,106 SF
Year Built
1963
Units
16
Listing Agency:
Real Broker LLC
(202) 436-2387
Listed By:
Kyrah Willis
(202) 436-2387
Source:
Elliman
Added: Jul 4
Changed: Aug 12
Last Checked: Aug 20 at 11:53AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This property is a 16-unit apartment building. Public remarks state that 12 units are currently occupied, with the remaining units vacant, creating a straightforward path to stabilize and lease up as needed. The asset is presented as a multifamily investment opportunity and includes the in-place occupancy figures noted in the listing.
The building is located on Lahser Road in Detroit, Michigan. The provided mobility metrics indicate a Walk Score of 75 and a Transit Score of 54, along with a Bike Score of 50. The remarks also cite convenient access to major freeways, public transportation, shopping, schools, and everyday amenities.
For buyers and operators, the current mix of occupied and vacant units can support an operating plan focused on maintaining tenancy while bringing available units back to market. With established in-place occupancy and remaining vacancy to address, the property may be best suited for investors comfortable managing multifamily leasing and unit turnover to improve overall stabilization over time.
The building is located on Lahser Road in Detroit, Michigan. The provided mobility metrics indicate a Walk Score of 75 and a Transit Score of 54, along with a Bike Score of 50. The remarks also cite convenient access to major freeways, public transportation, shopping, schools, and everyday amenities.
For buyers and operators, the current mix of occupied and vacant units can support an operating plan focused on maintaining tenancy while bringing available units back to market. With established in-place occupancy and remaining vacancy to address, the property may be best suited for investors comfortable managing multifamily leasing and unit turnover to improve overall stabilization over time.
Key Highlights
- 16‑unit apartment building built in 1963
- 12 of 16 units currently occupied, with 4 vacant units for lease‑up potential
- BikeScore 50 and WalkScore 75 (very walkable) plus TransitScore 54 (good transit)
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
75%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Sixteen-unit building with most units occupied, offering income and leasing flexibility in a walkable, transit-accessible area.
Where is this apartment building located?
The property is located at 19131 Lahser Rd Detroit, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 16‑unit apartment building built in 1963; 12 of 16 units currently occupied, with 4 vacant units for lease‑up potential; BikeScore 50 and WalkScore 75 (very walkable) plus TransitScore 54 (good transit)
