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Four-Unit Residential Income Property
For Sale
$199,900
Pending

941 Livernois Ave, Detroit, MI 48209

Four-unit building with two vacant units and two occupied units on Livernois Avenue.

Days on Market94

Property Features for 941 Livernois Ave

General Information

Standard status Pending
Property subtype Investment
Occupancy 50%

Additional Details

Multifamily Units 4

Building Details

Year Built 1912
Tenancy Multi
Listing Agency:
Listed By: Tyraa Caldwell · License #6501360037
Source: Elliman
Added: Apr 28 Changed: Jul 21 Last Checked: Jul 23 at 7:24AM

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 Tyraa Caldwell

Investment Insights

Based on property information with market context.

This four-unit residential income property is offered for sale and currently consists of two vacant units and two occupied units. The vacant units are identified as 939–941 Livernois, and the occupied units are identified as 6319–6321 W Lafayette. Please do not approach the occupants.

The property is located near major roads and restaurants, with a short drive to Downtown Detroit. The surrounding area has been described as active with redevelopment.

Buyers should plan for an in-person tour to confirm unit conditions, layouts, and any turn requirements for the vacant portions of the property.

Key Highlights

  • 1912‑built four‑unit building on Livernois Avenue (939‑941 Livernois and 6319‑6321 W Lafayette)
  • Two vacant units: 939‑941 Livernois
  • Two occupied units: 6319‑6321 W Lafayette

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Spa & Massage Center Daycare Center Skin Care Clinic

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

Lease Details

4
Residential units
50%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

360
Businesses Nearby

Demographics for 48209, MI

27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Four-unit building with two vacant units and two occupied units on Livernois Avenue.
Where is this quadplex located?
The property is located at 941 Livernois Ave Detroit, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1912‑built four‑unit building on Livernois Avenue (939‑941 Livernois and 6319‑6321 W Lafayette); Two vacant units: 939‑941 Livernois; Two occupied units: 6319‑6321 W Lafayette
More about this property
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