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Three-Unit Property with Updated Kitchens
New
For Sale
$475,000

21516 Oxford Avenue, Farmington, MI 48336

Two flats and a basement studio provide a flexible multifamily configuration with shared outdoor space and off-street parking.

Property SizeContact for details
Days on Market3

Property Features for 21516 Oxford Avenue

General Information

Standard status Active
Property subtype Multi Family
Listing Agency: Good Company
Listed By: Emi Cross
Source: Alexmi
Added: Sep 11 Changed: Sep 12 Last Checked: Sep 13 at 11:27AM

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 Good Company

Investment Insights

Based on property information with market context.

This 3-unit multifamily property combines two 3-bedroom flats—one on the upper level and one on the lower level—with a basement studio apartment. The 1940s home retains original hardwood floors and built-in bookcases, along with a remote-controlled electric fireplace. Updated kitchens feature stainless steel appliances and marble tile countertops, while central HVAC serves the property. Basement laundry, a large shared yard, and ample off-street parking add practical functionality.

The property is located near downtown Farmington Hills, Beaumont Hospital, and major expressways including M-5 and I-696. It is also within the Farmington School District. The combination of separate living spaces and shared amenities supports a range of multifamily ownership and occupancy arrangements.

Key Highlights

  • 3‑unit property with two 3‑bedroom flats and a basement studio apartment
  • 1940s construction with original hardwood floors and built‑in bookcases
  • Updated kitchens with stainless steel appliances and marble tile countertops

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Bakery

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

791
Businesses Nearby

Demographics for 48336, MI

26,802
Population
12,296
Households
2.2
Avg Household Size
42
Median Age
44%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,882
Density / Sq Mi
$85,325
Median Household Income
$54,077
Median Earnings
$1,141
Median Rent
$247,600
Median Home Value

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?
Triplex - Two flats and a basement studio provide a flexible multifamily configuration with shared outdoor space and off-street parking.
Where is this triplex located?
The property is located at 21516 Oxford Avenue Farmington, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3‑unit property with two 3‑bedroom flats and a basement studio apartment; 1940s construction with original hardwood floors and built‑in bookcases; Updated kitchens with stainless steel appliances and marble tile countertops
More about this property
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