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33-Unit Multifamily Building
For Sale
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250 Merton Rd, Highland Park, MI 48203

Unoccupied 33-unit apartment building available for sale.

Property Size26,168 SF
Days on Market680

Property Features for 250 Merton Rd

General Information

Standard status Active
Size 26,168 SF
Property subtype Multifamily
Zoning R5

Additional Details

Multifamily Units 33

Building Details

Building Size 26,168 SF
Year Built 1925
Buildings 1
Stories 4
Listing Agency: Signature Associates - Southfield
Listed By: Joe Stack
Source: Cpix.resimplifi
Added: Dec 9, 2024 Changed: Oct 13 Last Checked: Oct 19 at 3:34AM

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 Signature Associates - Southfield

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Investment Insights

Based on property information with market context.

This for-sale multifamily property is a 33-unit apartment building and is currently unoccupied. The building is configured as residential income apartments, totaling 33 units.

The property is located at 250 Merton Rd in Highland Park, Michigan. All offers will be considered, with the seller indicating realistic offers.

Please note that no additional building condition details, unit mix, or amenity information were provided.

Key Highlights

  • Unoccupied 33‑unit apartment building for sale
  • Built in 1925

Property Analytics

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Lease Details

33
Residential units

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

Demographics for 48203, MI

22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Unoccupied 33-unit apartment building available for sale.
Where is this apartment building located?
The property is located at 250 Merton Rd Highland Park, MI.
What are key features of this property?
This property features: Unoccupied 33‑unit apartment building for sale; Built in 1925
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