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Updated 4-Unit Brick Quadplex
For Sale
$424,900
Pending

1505 Ford Boulevard, Lincoln Park, MI 48146

Multi Family, Lincoln Park, MI

Property SizeContact for details
Lot Size0.30 Acres
Days on Market963

Property Features for 1505 Ford Boulevard

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Full bathrooms 4
Rooms Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 8, Bathroom 3, Bedroom 6, Laundry Room, Bedroom 4, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2
Parking 9
Elementary school district Lincoln Park
Middle school district Lincoln Park
High school district Lincoln Park
Directions Fort St to Ford Blvd, W on Ford, Property is located on the Southwest corner of Ford and Lafayette. Lafayette dead ends at Ford and becomes the parking lot for the complex.
Subdivision Wayne County - 100
Standard status Pending
APN 45-021-01-0046-002
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description NK46B 47 QC96B E 19 FT OF LOT 46 ALSO LOT 47 AND N 1/2 ADJ VAC ALLEY OF MINERAL SPRINGS SUBN L41 P9 ALSO THAT PART OF LOT 96 AND N 1/2 ADJ VAC ALLEY ALSO W 1/2 ADJ VAC ST COMBINED LYING N OF CENTER LINE OF SEXTON KILFOIL DRAIN 100 FT WIDE IN ST JOHNS BLVD SUBN L43 P31 MINERAL SPRINGS SUB PC 179 L41 P9 WCR
Tax Annual Amount 5765
Legal Description NK46B 47 QC96B E 19 FT OF LOT 46 ALSO LOT 47 AND N 1/2 ADJ VAC ALLEY OF MINERAL SPRINGS SUBN L41 P9 ALSO THAT PART OF LOT 96 AND N 1/2 ADJ VAC ALLEY ALSO W 1/2 ADJ VAC ST COMBINED LYING N OF CENTER LINE OF SEXTON KILFOIL DRAIN 100 FT WIDE IN ST JOHNS BLVD SUBN L43 P31 MINERAL SPRINGS SUB PC 179 L41 P9 WCR

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Wall Unit(s)

Building Details

Year built 1969
Number of units 4
Building materials Brick
Listing Agency: Preferred, Realtors Ltd
Listed By: Benjamin Cockrum · License #6501402850
Added: Feb 22, 2024 Changed: Oct 8 Last Checked: Oct 12 at 10:06PM
MLS# 24008731

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4-unit quadplex offers a consistent layout, with each residence arranged as a 2-bedroom, 1-bathroom unit. The brick building was constructed in 1969 and has received updates including furnaces, windows, siding, gutters, downspouts, exterior lighting, and a paved driveway. Unit 2 includes an updated kitchen. Wall unit cooling and forced-air heating serve the property.

The 0.3-acre parcel includes a fenced rear area with a new 6-foot fence. Each unit has separate gas and electric hookups, while the property is connected to public sewer. The complex is fully occupied, with a mix of fixed-term and month-to-month tenancy, including one resident who has occupied a unit since 2018 and another since 2021.

Key Highlights

  • 4‑unit quadplex with four 2‑bedroom, 1‑bathroom residences
  • Fully occupied with a mix of lease structures, including month‑to‑month tenancy
  • Updates include furnaces, windows, siding, gutters, downspouts, and exterior lighting

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Daycare Center Gym & Fitness Center Parking Lot & Garage

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

4
Residential units
100%
Occupancy
Yes
Fenced yard
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

466
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
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?
Quadplex - Fully occupied property with separate gas and electric connections, public sewer, and two-bedroom layouts.
Where is this quadplex located?
The property is located at 1505 Ford Boulevard Lincoln Park, MI.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 4‑unit quadplex with four 2‑bedroom, 1‑bathroom residences; Fully occupied with a mix of lease structures, including month‑to‑month tenancy; Updates include furnaces, windows, siding, gutters, downspouts, and exterior lighting
More about this property
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