24-Unit Apartment
For Sale
Contact for pricing
361 Covington Dr, Detroit, MI 48203
Unoccupied multifamily building with R5 zoning and a 1937 construction date.
Property Size17,130 SF
Days on Market635
Property Features for 361 Covington Dr
General Information
Standard status
Active
Size
17,130 SF
Property subtype
Multifamily
Zoning
R5
Additional Details
Multifamily Units
24
Building Details
Building Size
17,130 SF
Year Built
1937
Buildings
1
Stories
4
Listing Agency:
Signature Associates - Southfield
Listed By:
Joe Stack
(248) 359-0615
Source:
Cpix.resimplifi
Added: Dec 9, 2024
Changed: Aug 29
Last Checked: Aug 29 at 1:30PM
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
Investment Insights
Based on property information with market context.
This 24-unit apartment building contains 17,130 square feet and is currently unoccupied. Constructed in 1937, the property is classified under R5 zoning, providing a defined multifamily asset profile for evaluation.
Located at 361 Covington Dr in Detroit, Michigan, the building presents a fully vacant apartment property with its unit count and existing structure established. The available facts support review of the building as a 24-unit residential income asset.
Located at 361 Covington Dr in Detroit, Michigan, the building presents a fully vacant apartment property with its unit count and existing structure established. The available facts support review of the building as a 24-unit residential income asset.
Key Highlights
- 24‑unit apartment building
- 17,130 square feet of building area
- Currently unoccupied
Property Analytics
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
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
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 - Unoccupied multifamily building with R5 zoning and a 1937 construction date.
Where is this apartment building located?
The property is located at 361 Covington Dr Detroit, MI.
What are key features of this property?
This property features: 24‑unit apartment building; 17,130 square feet of building area; Currently unoccupied
