Multifamily Apartment
14296 Glenwood Street, Detroit, MI 48205
For Sale
$2,999,999
Multifamily, 2 Story, Detroit, MI
Property Size9,744 SF
Lot Size0.17 Acres
Price / SF$307.88
Days on Market153
Property Features for 14296 Glenwood Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
EXP Realty Main
(888) 501-7085
Listed By:
John Goci · License MI #6501389885
(734) 637-1430
Added: Jun 11
Changed: Oct 25
Last Checked: Nov 10 at 1:06AM
MLS# 20261044183
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This six-property Detroit multifamily portfolio is being offered as one package rather than as separate assets. The group includes a renovated and occupied room-rental property with 62 rentable beds, plus five additional apartment buildings in different stages of redevelopment. The properties range from 18 to 30 units, with brick exteriors at the vacant buildings.
The listed 14296 Glenwood Street property is a 20-unit apartment building approximately 50% rehabilitated. Rough electrical and plumbing work has been completed and approved. Other portfolio assets include 30-unit, 20-unit, 18-unit, and 18-unit apartment buildings that have been cleaned out, boarded, secured, and dried-in. The portfolio is zoned Multi-Family. The Glenwood Street building contains 9744 square feet on 0.17 acres, was built in 1952, and has forced-air heating and public water.
The listed 14296 Glenwood Street property is a 20-unit apartment building approximately 50% rehabilitated. Rough electrical and plumbing work has been completed and approved. Other portfolio assets include 30-unit, 20-unit, 18-unit, and 18-unit apartment buildings that have been cleaned out, boarded, secured, and dried-in. The portfolio is zoned Multi-Family. The Glenwood Street building contains 9744 square feet on 0.17 acres, was built in 1952, and has forced-air heating and public water.
Key Highlights
- Six Detroit multifamily properties offered together as one portfolio package
- 14296 Glenwood Street: 20‑unit building approximately 50% rehabilitated
- Rough electrical and plumbing work completed and approved at the Glenwood property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,221
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,044,420
$2.0M
Cap Rate 7%
$1,460,300
$1.5M
Cap Rate 9%
$1,135,789
$1.1M
Market Conditions
NOI Build-Up for 9,744 SF
Gross rent
$198.8K $20.40/SF
− Vacancy
−$12.9K −$1.33/SF
EGI
$185.9K $19.07/SF
− OpEx
−$83.6K −$8.58/SF
NOI
$102.2K $10.49/SF
Area
Detroit, MI
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,044,420
Cap Rate 7%
$1,460,300
Cap Rate 9%
$1,135,789
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,221 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,469 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
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Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Detroit, MI
Properties on Market for Apartment buildings in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Six Detroit apartment properties are offered together, including one occupied bed-rental asset and five buildings at varying rehabilitation stages.
Where is this apartment building located?
The property is located at 14296 Glenwood Street Detroit, MI.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Six Detroit multifamily properties offered together as one portfolio package; 14296 Glenwood Street: 20‑unit building approximately 50% rehabilitated; Rough electrical and plumbing work completed and approved at the Glenwood property
