16241 E 7 Mile Rd, Detroit, MI 48205

Building Details

Year Built

1954

Listing agent Gregory White Show Phone

Listing office g***@imaginehomerealty.com Show Phone

Listing date Apr 21, 2026

Source Elliman

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 Gregory White

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Overview

This four-unit multifamily property presents an investment opportunity in a favorable location. Three of the four units are currently rented to long-term tenants and performing well. The fourth unit is in good condition and available for rent. The property is located in an area with a bike score of 41, indicating it is somewhat bikeable. The walk score is 44, suggesting car dependence, and the transit score is 41, indicating some transit options are available.

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Detroit

County

Wayne

State

Michigan

Longitude

-82.9814

Latitude

42.4328

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FAQs

What type of property is this?

Quadplex - Four-unit property in good condition, great investment opportunity.

Where is this quadplex located?

The property is located at 16241 E 7 Mile Rd Detroit, MI.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Four‑unit multi‑family property offers investment opportunity.; Three of four units are currently rented with long‑term tenants.; Fourth unit is in good condition and available for rent.