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Brick Multifamily Property
For Sale
$150,000

3222 Richton St, Detroit, MI 48206

Classic brick construction with spacious units in Detroit’s Dexter Linwood neighborhood.

Property Size2,750 SF
Days on Market140

Property Features for 3222 Richton St

General Information

Standard status Active
Size 2,750 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $2,784

Building Details

Building Size 2,750 SF
Year Built 1926
Units 2
Listing Agency: Keller Williams Professionals
Listed By: Michael Gerisch
Source: Elliman
Added: Apr 28 Changed: Sep 9 Last Checked: Sep 14 at 8:01AM

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 Professionals

Investment Insights

Based on property information with market context.

Constructed in 1926, this brick multifamily property contains spacious units at 3222 Richton St in Detroit’s Dexter Linwood neighborhood. The building is being offered as one of 11 properties within a Downtown Area portfolio, with the option to acquire this asset individually or pursue multiple properties.

Dexter Linwood is characterized by early-20th-century duplexes and apartment buildings, while nearby Dexter Avenue is the focus of public and private reinvestment initiatives involving retail pop-ups, facade improvements, public art, and streetscape changes. Reported mobility scores are 38 for biking, 31 for walking, and 50 for transit, classified as Somewhat Bikeable, Car-Dependent, and Good Transit, respectively.

Key Highlights

  • 1926‑built brick multifamily property
  • Spacious residential units
  • Located at 3222 Richton St in Detroit’s Dexter Linwood neighborhood

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Hair Salon Skin Care Clinic

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

394
Businesses Nearby

Demographics for 48206, MI

15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Classic brick construction with spacious units in Detroit’s Dexter Linwood neighborhood.
Where is this multifamily property located?
The property is located at 3222 Richton St Detroit, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1926‑built brick multifamily property; Spacious residential units; Located at 3222 Richton St in Detroit’s Dexter Linwood neighborhood
More about this property
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