Eight-Unit Apartment
For Sale
$750,000
1521 Electric Avenue, Lincoln Park, MI 48146
Eight tenant-occupied units are split across two buildings, with on-site laundry and a shared parking lot.
Days on Market22
Property Features for 1521 Electric Avenue
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
8
Building Details
Year Built
1961
Tenancy
Multi
Listing Agency:
Century 21 Curran & Oberski
(313) 203-8214
Listed By:
Bill M Darwich · License #6501368264
(313) 203-8214
Source:
Phgrealty
Added: Jul 9
Changed: Jul 21
Last Checked: Jul 25 at 2:16PM
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 offering is an eight-unit apartment building arranged as two separate four-unit buildings. Each unit includes a living room, kitchen, bedroom, and bathroom. On-site laundry is available for residents. The property also features a large shared parking lot for both buildings. All data is approximate.
The buildings are located at 1521 Electric Avenue in Lincoln Park, MI, where the setup supports straightforward on-site operations for the shared amenities and parking.
The property is currently 100% tenant occupied, with each building containing four one-bedroom units.
The buildings are located at 1521 Electric Avenue in Lincoln Park, MI, where the setup supports straightforward on-site operations for the shared amenities and parking.
The property is currently 100% tenant occupied, with each building containing four one-bedroom units.
Key Highlights
- 8‑unit apartment building split across 2 separate buildings
- Each building has 4 one‑bedroom units (1BR): living room, kitchen, bedroom, and bathroom
- 100% tenant occupied
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
633
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Eight tenant-occupied units are split across two buildings, with on-site laundry and a shared parking lot.
Where is this apartment building located?
The property is located at 1521 Electric Avenue Lincoln Park, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 8‑unit apartment building split across 2 separate buildings; Each building has 4 one‑bedroom units (1BR): living room, kitchen, bedroom, and bathroom; 100% tenant occupied
