Back to Search

Stabilized Apartment Building in Eastpointe

22270 Kelly Rd, Eastpointe, MI 48021

View on Map

For Sale

$915,000

10-unit apartment building in Eastpointe, MI, 100% occupied.

Type:Investment

Property size:

6,000 SF

Price / SF:

$152/SF

HighLights

100% Occupied: Provides immediate and consistent rental income
Stabilized 10‑Unit Apartment Building offers a manageable investment
Grosses +$10,000 Per Month demonstrating strong monthly revenue
Annual Gross Potential Rent of $120,120 highlights significant yearly income potential
One Parking Space Per Unit: Provides a valuable amenity for residents
One Bedroom, One Bath Units appeals to a specific renter demographic

We can help!

Listing Contact

Brady Williams

Learn more

For Sale

$915,000

10-unit apartment building in Eastpointe, MI, 100% occupied.

Type:Investment

Property size:

6,000 SF

Price / SF:

$152/SF

Added:: Apr 21, 2026
Days on Market:: 53
Last Refresh:: Apr 21 at 1:07 am

Property Features for 22270 Kelly Rd

General Information

Standard status: Active
Size: 6,000 SF
Property subtype: Investment

Building Details

Year Built: 1967

We can help!

Listing Contact

Brady Williams

Listing agent Brady Williams

Listing office

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 Brady Williams

HighLights

100% Occupied: Provides immediate and consistent rental income
Stabilized 10‑Unit Apartment Building offers a manageable investment
Grosses +$10,000 Per Month demonstrating strong monthly revenue
Annual Gross Potential Rent of $120,120 highlights significant yearly income potential
One Parking Space Per Unit: Provides a valuable amenity for residents
One Bedroom, One Bath Units appeals to a specific renter demographic

Overview

The property is a stabilized 10-unit apartment building located in Eastpointe, MI. The building consists of ten one-bedroom, one-bath units, each approximately 600 square feet. There is one building on the property, with one parking space provided for each unit. The property is 100% occupied and generates over $10,000 per month, resulting in an annual gross potential rent of $120,120. The location has a bike score of 43, indicating it is somewhat bikeable, and a walk score of 62, suggesting it is somewhat walkable.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$110.2k	$18.36
− Vacancy	−$7.7k	−$1.29
EGI	$102.4k	$17.07
− OpEx	−$46.1k	−$7.68
NOI	$56.3k	$9.39

6,000 SF · lease $18.36/SF/yr · vacancy 7.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$805.0K

$704.3K – $939.1K (±1% cap)

NOI $56,347 @ 7.0% cap · market cap 6.16%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$1.12M

$982.9K – $1.31M (±1% cap)

NOI $78,631 @ 7.0% cap · market cap 8.59%

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

Location Intelligence

Current Use by Public Records

Kelly Pointes Apartments Apartment Building

Suggested Use

Location Insight

Map
Local Demand

City: Eastpointe
County: Macomb
State: Michigan
Longitude: -82.928565
Latitude: 42.462587

Nearby Similar for Sale

$495,000

2,725 SF

Historic Farmhouse Office Building

Well-maintained historic farmhouse with office-ready interior, generator, and fenced outdoor space on a commercial/industrial-zoned site.

17526 E 10 Mile Road, Eastpointe, MI 48021

View Details
$199,999

1,492 SF

Corner Retail and Office Building

Corner storefront building with dedicated parking and strong visibility for retail, office, service, or medical owner-user use.

15040 E 9 Mile Road, Eastpointe, MI 48021

View Details
$199,000

4,197 SF

Former Medical Office Building

Former medical building for sale with an elevator-equipped finished basement and zoning that allows office, retail, and personal service uses.

20927 Kelly Road, Eastpointe, MI 48021

View Details
$590,000

3,280 SF

Eastpointe Commercial Building on 9 Mile

Value-add investment opportunity in Eastpointe's high-traffic area.

18400 E 9 Mile Rd E, Eastpointe, MI 48021

View Details
$180,000

2,082 SF

Split-Level Residential Income Property

Split-level layout with 5 bedrooms and 2 baths, offering flexibility to configure separate living spaces.

22454 Pleasant Avenue, Eastpointe, MI 48021

View Details
$129,000

1,000 SF

Commercial Storefront Building

Compact commercial building with central air, updated lighting, parking, and certified occupancy ready for a new user.

16149 E 10 Mile Rd Street, Eastpointe, MI 48021

View Details
$69,500

940 SF

End-Unit Retail Storefront

Well-maintained end-unit storefront on Kelly Road with included adjacent lot for flexible retail or service use.

21043 Kelly Road, Eastpointe, MI 48021

View Details
$350,000

1,450 SF

Gratiot Ave Retail Investment Opportunity

Multi-tenant retail buildings on Gratiot Ave with investment upside.

22125 Gratiot Ave, Eastpointe, MI 48021

View Details
$95,000

760 SF

Eastpointe Commercial Space on Corner

Clean, updated commercial space in Eastpointe, move-in ready.

17503 Stephens Drive, Eastpointe, MI 48021

View Details
$2,050,000

Advance Auto Parts For Sale

Advance Auto Parts property with corporate guarantee and strong demographics.

22901 Gratiot Ave, Eastpointe, MI, 48021

View Details
$999,999

1,231 SF

Eastpointe Gas Station For Sale

Gas station with real estate, business, and multiple revenue streams.

00000 Macomb Avenue, Eastpointe, MI 48021

View Details
$495,000

Historic Farmhouse for Commercial Use

Eastpointe farmhouse on 0.87 acres, commercially zoned and move-in ready.

17526 E 10 Mile Rd, Eastpointe, MI 48021

View Details

For sale
Apartment buildings
MI
Eastpointe
48021
22270 Kelly Rd

What type of property is this?

Apartment building - 10-unit apartment building in Eastpointe, MI, 100% occupied.

Where is this apartment building located?

The property is located at 22270 Kelly Rd Eastpointe, MI.

What is the asking price?

The asking price for this property is $915,000.

What are key features of this property?

This property features: 100% Occupied: Provides immediate and consistent rental income; Stabilized 10‑Unit Apartment Building offers a manageable investment; Grosses +$10,000 Per Month demonstrating strong monthly revenue