Ranch-Style
New
For Sale
$260,000
1518 Hanover Street, Lincoln Park, MI 48146
MULTI_FAMILY - Ranch - Lincoln Park, MI
Property Size3,024 SF
Lot Size0.19 Acres
Price / SF$85.98
Days on Market3
Property Features for 1518 Hanover Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Multi-Family
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Pets allowed
Yes
Exterior features
Fenced
Fencing
Fenced
Subdivision
Elmwood Heights Sub
Elementary school district
Lincoln Park
Middle school district
Lincoln Park
High school district
Lincoln Park
Directions
Southfield to Hanover
Standard status
Active
APN
45006030061310
Size
3,024 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
EA61 EA62* LOT 61 A ND LOT 62 ELMWOOD HEIGHTS SUB PC 50 L35 P31 WCR
Tax Annual Amount
5708
Legal Description
EA61 EA62* LOT 61 A ND LOT 62 ELMWOOD HEIGHTS SUB PC 50 L35 P31 WCR
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
on-site laundry
Building Details
Year built
2015
Floors in Building
1
Number of units
3
Building materials
Brick, Vinyl
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
KW Professionals · Keller Williams Realty
(734) 459-4700
Listed By:
Jeff Glover · License #6501317808
(734) 259-1100
Added: Aug 13
Changed: Aug 15
Last Checked: Aug 15 at 5:06AM
MLS# 20261064422
Copyright © 2026 Realcomp Limited II. 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 3,024-square-foot ranch-style triplex contains three one-bedroom apartments, each arranged with a living room, dining area, and bathroom. The brick-and-vinyl exterior is complemented by asphalt roofing, forced-air heating, window-unit cooling, and fencing. Built in 2015, the property also includes on-site laundry and separate utility meters for each unit, with water included in the rent.
All three apartments are currently leased, with long-term tenants in place. Shared parking is provided in a large lot, with additional parking at the front of the building. The property is located at 1518 Hanover Street in Lincoln Park, Michigan, within the 48146 ZIP Code, and is zoned Multi-Family.
All three apartments are currently leased, with long-term tenants in place. Shared parking is provided in a large lot, with additional parking at the front of the building. The property is located at 1518 Hanover Street in Lincoln Park, Michigan, within the 48146 ZIP Code, and is zoned Multi-Family.
Key Highlights
- Three‑unit ranch‑style multifamily building
- 3,024 square feet on a 0.19‑acre lot
- Each apartment includes 1 bedroom, living room, dining area, and bathroom
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
574
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with three one-bedroom units, shared laundry, and dedicated utility metering.
Where is this triplex located?
The property is located at 1518 Hanover Street 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 ranch‑style multifamily building; 3,024 square feet on a 0.19‑acre lot; Each apartment includes 1 bedroom, living room, dining area, and bathroom
