21-Unit Apartment
For Sale
Contact for pricing
1602 Lemay St, Detroit, MI 48214
Full-rehabilitation multifamily project near Belle Isle, the Detroit River, and downtown Detroit.
Property SizeContact for details
Days on Market142
Property Features for 1602 Lemay St
General Information
Standard status
Active
Property subtype
Multifamily
Property Condition
Severity
Major Repairs Needed
Evidence
COMPLETE REHAB
Units
Unit Mix
11 x 2BR, 10 x 1BR
Multifamily Units
21
Listing Agency:
Tarick Salmaci
Listed By:
Tarick Salmaci · License #368289
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 11:39AM
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 Tarick Salmaci
Investment Insights
Based on property information with market context.
This apartment property contains 21 units arranged as 11 two-bedroom residences and 10 one-bedroom residences. The building is positioned as a complete rehabilitation project, offering a defined scope for redevelopment within an established multifamily asset.
The property sits near the intersection of Jefferson Avenue and Lemay Street, with Belle Isle located nearby. The Detroit River is within blocks, while downtown Detroit is reachable within minutes. Tours and inspections are available during the private inspection phase after an accepted offer, subject to the required waiver and release documentation.
The property sits near the intersection of Jefferson Avenue and Lemay Street, with Belle Isle located nearby. The Detroit River is within blocks, while downtown Detroit is reachable within minutes. Tours and inspections are available during the private inspection phase after an accepted offer, subject to the required waiver and release documentation.
Key Highlights
- 21‑unit apartment building
- Unit mix includes 11 two‑bedroom and 10 one‑bedroom residences
- Complete rehabilitation project
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
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 - Full-rehabilitation multifamily project near Belle Isle, the Detroit River, and downtown Detroit.
Where is this apartment building located?
The property is located at 1602 Lemay St Detroit, MI.
What are key features of this property?
This property features: 21‑unit apartment building; Unit mix includes 11 two‑bedroom and 10 one‑bedroom residences; Complete rehabilitation project
