Fully Renovated 18-Unit Apartment
For Sale
$999,999
13233 La Salle Blvd, Detroit, MI 48238
Updated 18-unit brick building offering 1- and 2-bedroom apartments near Wayne State, DMC, and Midtown.
Property Size9,000 SF
Days on Market56
Property Features for 13233 La Salle Blvd
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Investment
Occupancy
50%
Additional Details
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$6,107
Building Details
Building Size
9,000 SF
Year Built
1927
Units
18
Listing Agency:
REMAX LEADING EDGE
(313) 335-6217
Listed By:
Henry Laurent
(313) 335-6217
Source:
Elliman
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 8:18AM
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 REMAX LEADING EDGE
Investment Insights
Based on property information with market context.
This is an 18-unit, fully renovated brick apartment building featuring a mix of 1- and 2-bedroom units. The property has extensive recent updates throughout, supporting a turn-key residential income setup. The building is currently approximately 50% occupied, with the ability to collect rents from existing tenants while leasing activity continues for the remaining units. Access for showings is described as not disturbing tenants.
The building is located minutes from Wayne State University, Detroit Medical Center, and Midtown, placing it near two major employment and education anchors in Detroit. The surrounding area is supported by walking, biking, and transit accessibility data, with transit rated as good, and the overall area characterized as more car-dependent for day-to-day movement.
For buyers and operators, the unit mix and renovated condition can appeal to tenants seeking updated apartments near campus and medical employment. With roughly half the building already occupied, the remaining lease-up can focus on filling available 1- and 2-bedroom homes, aligning with a practical operating plan for stabilized performance once the full unit complement is in place.
The building is located minutes from Wayne State University, Detroit Medical Center, and Midtown, placing it near two major employment and education anchors in Detroit. The surrounding area is supported by walking, biking, and transit accessibility data, with transit rated as good, and the overall area characterized as more car-dependent for day-to-day movement.
For buyers and operators, the unit mix and renovated condition can appeal to tenants seeking updated apartments near campus and medical employment. With roughly half the building already occupied, the remaining lease-up can focus on filling available 1- and 2-bedroom homes, aligning with a practical operating plan for stabilized performance once the full unit complement is in place.
Key Highlights
- 1927‑built, fully renovated 18‑unit brick apartment building
- Unit mix includes 1‑bedroom and 2‑bedroom apartments
- Extensive recent updates throughout the property
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated 18-unit brick building offering 1- and 2-bedroom apartments near Wayne State, DMC, and Midtown.
Where is this apartment building located?
The property is located at 13233 La Salle Blvd Detroit, MI.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 1927‑built, fully renovated 18‑unit brick apartment building; Unit mix includes 1‑bedroom and 2‑bedroom apartments; Extensive recent updates throughout the property
