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18-Unit Apartment Building
For Sale
$179,900

2681 Lakewood St, Detroit, MI 48215

As-is multifamily property with varied unit layouts and R2 zoning.

Property Size10,800 SF
Price / SF$16.66
Days on Market603

Property Features for 2681 Lakewood St

General Information

Standard status Active
Size 10,800 SF
Class C
Property subtype Multifamily
Zoning R2

Building Details

Building Size 10,800 SF
Year Built 1923
Buildings 1
Stories 3
Listing Agency: Keller Williams Great Lakes
Listed By: Erick Monzo
Source: Cpix.resimplifi
Added: Jan 21, 2025 Changed: Sep 10 Last Checked: Sep 15 at 4:15AM

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 Keller Williams Great Lakes

Investment Insights

Based on property information with market context.

This apartment building contains 18 units across 10,800 square feet and was constructed in 1923. The property offers varied unit layouts and is being conveyed in as-is condition, allowing the next owner to evaluate the existing configuration and determine future improvements.

The property is located at 2681 Lakewood St, Detroit, MI 48215. R2 zoning is identified for the site, supporting its classification as an apartment building.

Key Highlights

  • 18‑unit apartment building
  • 10,800 square feet of building area
  • Built in 1923

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Nail Salon Building Supply (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

437
Businesses Nearby

Demographics for 48215, MI

10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - As-is multifamily property with varied unit layouts and R2 zoning.
Where is this apartment building located?
The property is located at 2681 Lakewood St Detroit, MI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 18‑unit apartment building; 10,800 square feet of building area; Built in 1923
More about this property
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