8-Unit Brick Multifamily
For Sale
$150,000
1561 Webb Street, Detroit, MI 48206
Eight-unit brick building with a new roof and interiors demoed to studs for redevelopment planning.
Property SizeContact for details
Days on Market183
Property Features for 1561 Webb Street
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Multifamily Units
8
Building Details
Year Built
1916
Construction
brick
Listing Agency:
EXP Realty Main
(313) 350-3731
Listed By:
Jennifer Aparicio-Zavalza
(313) 350-3731
Source:
Carolbollo
Added: Feb 9
Changed: Jul 22
Last Checked: Aug 10 at 11:45AM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
This is an eight-unit brick multifamily property offered for sale. The building has a new roof, and the interiors have been fully demoed down to the studs, creating a blank slate for redevelopment. A seller/agent-provided scope of work is available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit.
The property is located at 1561 Webb Street in Detroit, MI 48206.
The seller has estimated projected market rents between $950 and $1,200 per unit once completed, supporting a value-add renovation approach for investors seeking a buy-and-hold or portfolio expansion strategy.
The property is located at 1561 Webb Street in Detroit, MI 48206.
The seller has estimated projected market rents between $950 and $1,200 per unit once completed, supporting a value-add renovation approach for investors seeking a buy-and-hold or portfolio expansion strategy.
Key Highlights
- 8‑unit brick multi‑family building in Detroit built in 1916
- New roof installed
- Interiors fully demoed down to the studs for redevelopment and value‑add planning
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
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?
Apartment building - Eight-unit brick building with a new roof and interiors demoed to studs for redevelopment planning.
Where is this apartment building located?
The property is located at 1561 Webb Street Detroit, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 8‑unit brick multi‑family building in Detroit built in 1916; New roof installed; Interiors fully demoed down to the studs for redevelopment and value‑add planning
