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Three-Unit Multifamily Building
For Sale
$269,800

1504 McLain Ave, Lincoln Park, MI 48146

Fully leased residential income property with individually metered utilities and consistent unit layouts.

Property SizeContact for details
Days on Market42

Property Features for 1504 McLain Ave

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 3

Building Details

Year Built 1959
Listing Agency: Century 21 Curran & Oberski
Listed By: Bill M Darwich · License #6501368264
Source: Katie-k
Added: Jul 20 Changed: Aug 28 Last Checked: Aug 29 at 11:42AM

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 Century 21 Curran & Oberski

Investment Insights

Based on property information with market context.

This multifamily property contains three residential units, each arranged with a bedroom, living room, dining area, and bathroom. Separate utility meters serve the units, while water is included in the rental price.

The building is fully leased, with long-term tenants currently in place. Located at 1504 McLain Avenue in Lincoln Park, Michigan, the property offers an established rental configuration across all three units.

Key Highlights

  • Three‑unit multifamily building at 1504 McLain Avenue
  • 100% leased with long‑term tenants in place
  • Each unit includes a bedroom, living room, dining area, and bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Daycare Center Gym & Fitness Center

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

669
Businesses Nearby

Demographics for 48146, MI

40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Fully leased residential income property with individually metered utilities and consistent unit layouts.
Where is this triplex located?
The property is located at 1504 McLain Ave Lincoln Park, MI.
What is the asking price?
The asking price for this property is $269,800.
What are key features of this property?
This property features: Three‑unit multifamily building at 1504 McLain Avenue; 100% leased with long‑term tenants in place; Each unit includes a bedroom, living room, dining area, and bathroom
More about this property
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