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13-Unit Brick Apartment Building
For Sale
$799,900

1705 Oakman Boulevard, Detroit, MI 48238

Updated windows, a maintained boiler system, and remodeled residences support this multifamily property's operating profile.

Property Size8,748 SF
Price / SF$91.44
Days on Market48

Property Features for 1705 Oakman Boulevard

General Information

Standard status Active
Size 8,748 SF
Property subtype Multi-Family

Units

Unit Mix 13 x 1BR/1BA
Multifamily Units 13

Building Details

Year Built 1927
Buildings 1
Construction brick
Listing Agency: Keller Williams Paint Creek
Listed By: Justin Zehel · License #6501397844
Source: Premiermichiganhomesearch
Added: Jul 20 Changed: Sep 4 Last Checked: Sep 4 at 8:42AM

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 Keller Williams Paint Creek

Investment Insights

Based on property information with market context.

This 13-unit brick apartment building contains an entirely one-bedroom, one-bath unit mix. Ten residences have been fully remodeled, and updated windows extend throughout the property. The boiler system has received ongoing maintenance, supporting the building's central heating infrastructure.

Residents are responsible for DTE, water, and trash expenses. The property is approved for the PILOT program, with participation scheduled to begin next year. Located at 1705 Oakman Boulevard in Detroit, the building offers a defined multifamily configuration with improvements already completed across most of the units.

Key Highlights

  • 13‑unit brick apartment building with an all one‑bedroom, one‑bath unit mix
  • 10 of 13 units fully remodeled
  • Updated windows throughout the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Gym & Fitness Center

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

13
Residential units

Location Intelligence

Trade Area within ½ mile

442
Businesses Nearby

Demographics for 48238, MI

25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value

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 - Updated windows, a maintained boiler system, and remodeled residences support this multifamily property's operating profile.
Where is this apartment building located?
The property is located at 1705 Oakman Boulevard Detroit, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 13‑unit brick apartment building with an all one‑bedroom, one‑bath unit mix; 10 of 13 units fully remodeled; Updated windows throughout the property
More about this property
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