59-Unit Apartment
For Sale
Contact for pricing
1733 Oak St, Niles, MI 49120
Two-building multifamily property with a varied unit mix and multiple capital improvements completed over time.
Property Size44,700 SF
Days on Market143
Property Features for 1733 Oak St
General Information
Standard status
Active
Size
44,700 SF
Property subtype
Multifamily
Units
Unit Mix
1 x studio, 22 x 1BR/1BA, 36 x 2BR/1BA
Multifamily Units
59
Building Details
Year Built
1950
Buildings
2
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Chase Gilewski · License #MI 6501424054
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 11:40PM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
River Oaks is a 59-unit apartment community arranged across two buildings totaling 44,700 square feet. The unit mix includes one studio of approximately 500 square feet, 22 one-bedroom, one-bath apartments of approximately 700 square feet, and 36 two-bedroom, one-bath apartments of approximately 800 square feet. Nineteen units were added within the basement in 2007.
Property improvements include replacement windows completed in 2005, a new parking lot, PEX plumbing, and electrical panel upgrades in 2007. Both buildings received new roofs and fascias in 2018 and 2019. Boiler upgrades include one new boiler in 2021 and two additional new boilers in 2024.
The owner pays for boiler heat, water, sewer, and trash. Electricity is separately metered to tenants, who also pay for electric air conditioning. The property is located in Niles, Michigan.
Property improvements include replacement windows completed in 2005, a new parking lot, PEX plumbing, and electrical panel upgrades in 2007. Both buildings received new roofs and fascias in 2018 and 2019. Boiler upgrades include one new boiler in 2021 and two additional new boilers in 2024.
The owner pays for boiler heat, water, sewer, and trash. Electricity is separately metered to tenants, who also pay for electric air conditioning. The property is located in Niles, Michigan.
Key Highlights
- 59 units across two buildings totaling 44,700 square feet
- Unit mix includes 1 studio, 22 one‑bedroom units, and 36 two‑bedroom units
- 19 units were newly constructed in 2007 within the basement
Property Analytics
Current Use
Lease Details
59
Residential units
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 49120, MI
37,076
Population
15,581
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
116.5 sq mi
ZIP Area
318
Density / Sq Mi
$61,940
Median Household Income
$38,779
Median Earnings
$911
Median Rent
$166,800
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 - Two-building multifamily property with a varied unit mix and multiple capital improvements completed over time.
Where is this apartment building located?
The property is located at 1733 Oak St Niles, MI.
What are key features of this property?
This property features: 59 units across two buildings totaling 44,700 square feet; Unit mix includes 1 studio, 22 one‑bedroom units, and 36 two‑bedroom units; 19 units were newly constructed in 2007 within the basement
