Brick Multifamily
For Sale
$140,000
1561 Webb St, Detroit, MI 48206
Eight-unit brick multifamily property has a new roof and was demoed down to the studs for renovation.
Property Size8,648 SF
Days on Market106
Property Features for 1561 Webb St
General Information
Standard status
Active
Size
8,648 SF
Property subtype
Commercial
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$7,656
Building Details
Building Size
8,648 SF
Year Built
1916
Units
8
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
Jennifer Aparicio-Zavalza
(888) 501-7085
Source:
Elliman
Added: Apr 28
Changed: Aug 7
Last Checked: Aug 10 at 8:01AM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
This eight-unit brick multifamily property offers a renovation-focused foundation with a new roof and interior work already completed through full interior demo down to the studs, creating a true blank-slate layout for redevelopment and reconfiguration.
The property is located in Detroit and benefits from transportation scores indicating good transit access, with walk score reflecting a more car-dependent day-to-day environment.
A full scope of work is available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit. Projected market rents are estimated between $950 and $1,200 per unit once completed, supporting a value-add approach for buyers seeking an income-oriented, redevelopment plan.
The property is located in Detroit and benefits from transportation scores indicating good transit access, with walk score reflecting a more car-dependent day-to-day environment.
A full scope of work is available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit. Projected market rents are estimated between $950 and $1,200 per unit once completed, supporting a value-add approach for buyers seeking an income-oriented, redevelopment plan.
Key Highlights
- 8‑unit brick multifamily property in Detroit built in 1916
- New roof
- Fully interior demoed down to the studs, creating a blank slate for redevelopment
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
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 - Eight-unit brick multifamily property has a new roof and was demoed down to the studs for renovation.
Where is this apartment building located?
The property is located at 1561 Webb St Detroit, MI.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 8‑unit brick multifamily property in Detroit built in 1916; New roof; Fully interior demoed down to the studs, creating a blank slate for redevelopment
