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9-Unit Apartment Building
New
For Sale
$650,000

14800 Vernor Hwy, Detroit, MI 48215

The building combines one-bedroom apartments with studio units and includes laundry facilities.

Property Size5,750 SF
Days on Market3

Property Features for 14800 Vernor Hwy

General Information

Standard status Active
Size 5,750 SF
Property subtype Multifamily

Units

Unit Mix 7 x 1BR, 2 x studio
Multifamily Units 9

Building Details

Building Size 5,750 SF
Year Built 1926
Buildings 1
Listing Agency: Thomas A. Duke Company
Listed By: Andrew Battersby · License #6501384188
Source: Thomasduke
Added: Sep 24 Last Checked: Sep 26 at 4:59AM

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 Thomas A. Duke Company

Investment Insights

Based on property information with market context.

Built in 1926, this nine-unit apartment property contains seven one-bedroom apartments and two studios. Property updates include windows, a hot water tank, laundry, and glass block.

The building is on Vernor Highway near the Detroit–Grosse Pointe border, placing it between the two communities.

Key Highlights

  • Nine apartments: seven 1 BR units and two studio units
  • Built in 1926
  • Updates include windows, a hot water tank, laundry, and glass block

Property Analytics

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Current Use

Apartment buildings

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

784
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 - The building combines one-bedroom apartments with studio units and includes laundry facilities.
Where is this apartment building located?
The property is located at 14800 Vernor Hwy Detroit, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Nine apartments: seven 1 BR units and two studio units; Built in 1926; Updates include windows, a hot water tank, laundry, and glass block
More about this property
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