3-Unit Triplex with
For Sale
$260,000
1518 Hanover St, Lincoln Park, MI 48146
Fully leased multifamily property with one-bedroom units, separate utility meters, and shared on-site laundry.
Property Size3,024 SF
Days on Market9
Property Features for 1518 Hanover St
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,708
Amenities
on-site laundry
Building Details
Building Size
3,024 SF
Year Built
2015
Units
3
Listing Agency:
Creekstone Realty
(734) 259-1100
Listed By:
Jeff Glover · License #6502408794
(734) 259-1100
Source:
Elliman
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 21 at 12:43PM
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 Creekstone Realty
Investment Insights
Based on property information with market context.
Built in 2015, this triplex contains three one-bedroom units, each arranged with a living room, dining area, and bathroom. On-site laundry serves the property, while separate utility meters are provided for each unit; water is included in the rental price.
The property includes a large shared parking area serving the apartments, along with parking in front. It is located at 1518 Hanover St in Lincoln Park, Michigan. The building has a Walk Score of 73 and a BikeScore of 62.
The property includes a large shared parking area serving the apartments, along with parking in front. It is located at 1518 Hanover St in Lincoln Park, Michigan. The building has a Walk Score of 73 and a BikeScore of 62.
Key Highlights
- Three‑unit multifamily building with 1‑bedroom units
- 100% leased with long‑term tenants in place
- Built in 2015
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with one-bedroom units, separate utility meters, and shared on-site laundry.
Where is this triplex located?
The property is located at 1518 Hanover St Lincoln Park, MI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Three‑unit multifamily building with 1‑bedroom units; 100% leased with long‑term tenants in place; Built in 2015
