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7-Unit Apartment Building
For Sale
$595,000

1523 Saint Clair River Dr, Algonac, MI 48001

Separate gas and electric meters accompany refreshed interiors and shared porches on both levels.

Property Size4,565 SF
Price / SF$130.34
Days on Market81

Property Features for 1523 Saint Clair River Dr

General Information

Standard status Active
Size 4,565 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR, 5 x 1BR, 1 x flat
Multifamily Units 7

Amenities

coin-op washer and dryer
common porches

Building Details

Year Built 1995
Listing Agency: Professional Leasing & Sales LLC
Listed By: Robert D Kluck · License #6502364544
Source: Vmrealestatemichigan
Added: Jul 18 Changed: Oct 3 Last Checked: Oct 5 at 7:27PM

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 Professional Leasing & Sales LLC

Investment Insights

Based on property information with market context.

This 4,565-square-foot apartment building contains seven units and was built in 1995. Interior updates completed within the past five years include new flooring, tiled bathrooms, fresh paint, and work to the interior sewer line. Gas and electric service are separately metered, and the property has coin-operated laundry equipment and a designated dumpster area.

Upper- and lower-level common porches provide shared outdoor space, with river views visible from the front windows and porch. A church and a city building are among the neighboring properties.

Key Highlights

  • Seven‑unit apartment building totaling 4,565 square feet
  • Built in 1995
  • Interior refresh within the last 5 years included new flooring, tiled bathrooms, and fresh paint

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Spa & Massage Center Hair Salon

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

224
Businesses Nearby

Demographics for 48001, MI

11,721
Population
5,787
Households
2
Avg Household Size
50
Median Age
18%
College-Educated
94%
High-School Grad
19.0 sq mi
ZIP Area
617
Density / Sq Mi
$64,538
Median Household Income
$35,987
Median Earnings
$921
Median Rent
$250,000
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?
Apartment building - Separate gas and electric meters accompany refreshed interiors and shared porches on both levels.
Where is this apartment building located?
The property is located at 1523 Saint Clair River Dr Algonac, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Seven‑unit apartment building totaling 4,565 square feet; Built in 1995; Interior refresh within the last 5 years included new flooring, tiled bathrooms, and fresh paint
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