Leased Triplex with Separate
For Sale
$260,000
1518 Hanover St, Lincoln Park, MI 48146
Fully leased triplex with three one-bedroom units and on-site laundry.
Property Size3,024 SF
Price / SF$85.98
Days on Market22
Property Features for 1518 Hanover St
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,708
Amenities
on-site laundry
parking lot
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
KW Professionals
(734) 459-4700
Listed By:
Jeff Glover · License #6501317808
(734) 259-1100
Source:
Exprealty
Added: Aug 13
Changed: Sep 1
Last Checked: Sep 2 at 6:48PM
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 KW Professionals
Investment Insights
Based on property information with market context.
This 3,024-square-foot triplex contains three one-bedroom apartments, each arranged with a living room, dining area, and bathroom. On-site laundry serves the building, while each residence has its own utility meter; water is included in the rental arrangement. A shared parking lot and additional parking along the front provide on-site vehicle accommodations.
The property is located at 1518 Hanover St in Lincoln Park, MI. All three units are leased, with long-term tenants currently in place. The building’s unit count, separate metering, laundry area, and established occupancy create a straightforward multifamily configuration.
The property is located at 1518 Hanover St in Lincoln Park, MI. All three units are leased, with long-term tenants currently in place. The building’s unit count, separate metering, laundry area, and established occupancy create a straightforward multifamily configuration.
Key Highlights
- Three‑unit multifamily building with 3,024 SF of property size
- All 3 units are leased to long‑term tenants
- Each apartment includes 1 bedroom, living room, dining area, and bathroom
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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 triplex with three one-bedroom units and 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 3,024 SF of property size; All 3 units are leased to long‑term tenants; Each apartment includes 1 bedroom, living room, dining area, and bathroom
