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Detroit Multifamily Investment Opportunity

19161 Kelly Road, Detroit, MI 48224

For Sale
$200,000

Four-unit property in Detroit, ideal for multifamily investment.

Property SizeContact for details
Days on Market204

Property Features for 19161 Kelly Road

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Neighborhood Moross-Morang
Listing Agency: Imagine Home Realty
Listed By: Gregory White · License MI #6501358183
Source: Alexmi
Added: Apr 21 Changed: Nov 10 Last Checked: Nov 10 at 8:05AM

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 Imagine Home Realty

Rey
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Investment Insights

Based on property information with market context.

This four-unit property presents an opportunity to enter the multi-family investment market. Located in Detroit, Michigan, the property is noted to be in good overall condition, though the interior units require some rehabilitation work to prepare them for rental. The seller also owns a separate property at 16241 E Seven Mile and is open to selling both properties together at a discounted rate. The walk score is 51, indicating the location is somewhat walkable. The bike score is 44, indicating the location is somewhat bikeable. The transit score is 43, indicating some transit options are available.

Key Highlights

  • Multi‑family investment opportunity at a great price.
  • Four‑unit property.
  • Good location.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

386
Businesses Nearby

Demographics for 48224, MI

39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Quadplexes in Detroit, MI

$52.41 Jul
$69.09 Aug
$59.31 Sep
$49.13 Oct

Properties on Market for Quadplexes in Detroit

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit property in Detroit, ideal for multifamily investment.
Where is this quadplex located?
The property is located at 19161 Kelly Road Detroit, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Multi‑family investment opportunity at a great price.; Four‑unit property.; Good location.
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