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Four-Unit Property With Garage
New
For Sale
$197,900

12824 Steel Street, Detroit, MI 48227

Quadplex with four two-bedroom units and one occupied apartment in Detroit’s Pride Area community.

Property SizeContact for details
Days on Market2

Property Features for 12824 Steel Street

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi Family Home

Taxes and HOA fees

Annual Taxes $3,931

Building Details

Year Built 1927
Buildings 2
Units 4
Listing Agency: Investor's Prop Mgmt Detroit
Listed By: Alana Paap
Source: Eliterealtymi
Added: Aug 4 Changed: Aug 5 Last Checked: Aug 5 at 2:26AM

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 Investor's Prop Mgmt Detroit

Investment Insights

Based on property information with market context.

This 1927-built quadplex contains four residential units, each configured with two bedrooms and one bathroom. A four-car garage is included, adding separate enclosed parking to the property. One unit is currently tenant occupied, while the remaining units provide the existing configuration for a multifamily buyer to evaluate.

The property is located at 12824 Steel Street in Detroit’s Pride Area community. Its four-unit layout, unit mix, garage, and current occupancy create a clearly defined multifamily asset for review.

Key Highlights

  • Four‑unit quadplex with two bedrooms and one bathroom per unit
  • Four‑car garage included
  • One unit currently tenant occupied

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Electrical Service Gym & Fitness Center

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

321
Businesses Nearby

Demographics for 48227, MI

40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
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 - Quadplex with four two-bedroom units and one occupied apartment in Detroit’s Pride Area community.
Where is this quadplex located?
The property is located at 12824 Steel Street Detroit, MI.
What is the asking price?
The asking price for this property is $197,900.
What are key features of this property?
This property features: Four‑unit quadplex with two bedrooms and one bathroom per unit; Four‑car garage included; One unit currently tenant occupied
More about this property
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