168-Unit Apartment
For Sale
$7,990,000
24224 Seven Mile W, Detroit, MI 48219
Three-story multifamily property with one- and two-bedroom residences plus shared communal areas.
Property Size186,800 SF
Lot Size2.77 Acres
Price / SF$42.77
Days on Market184
Property Features for 24224 Seven Mile W
General Information
Standard status
Active
Size
186,800 SF
Lot size
2.77 Acres
Property subtype
Multifamily
Zoning
PD
Units
Unit Mix
120 x 1 BR, 48 x 2 BR
Multifamily Units
168
Building Details
Building Size
186,800 SF
Buildings
1
Stories
3
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Ferris Hamama · License #6501255590
(248) 406-7116
Source:
Cpix.resimplifi
Added: Apr 22
Changed: Oct 2
Last Checked: Oct 20 at 5:22PM
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 Keystone Commercial Real Estate
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Investment Insights
Based on property information with market context.
This three-story apartment property contains 168 residences within an 186,800-square-foot building on 2.77 acres. The unit mix includes 120 one-bedroom apartments and 48 two-bedroom apartments, supported by communal areas within the building. The property is zoned PD.
Located at 24224 Seven Mile W in Detroit, the asset is approximately 20 minutes from Downtown Detroit. Its scale, residential configuration, and established apartment layout support continued use as a multifamily property.
Located at 24224 Seven Mile W in Detroit, the asset is approximately 20 minutes from Downtown Detroit. Its scale, residential configuration, and established apartment layout support continued use as a multifamily property.
Key Highlights
- 168 units across 3 floors
- 186,800 SF apartment building on 2.77 acres
- Unit mix includes 120 one‑bedroom and 48 two‑bedroom apartments
Property Analytics
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Lease Details
168
Residential units
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
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Business Placement
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily property with one- and two-bedroom residences plus shared communal areas.
Where is this apartment building located?
The property is located at 24224 Seven Mile W Detroit, MI.
What is the asking price?
The asking price for this property is $7,990,000.
What are key features of this property?
This property features: 168 units across 3 floors; 186,800 SF apartment building on 2.77 acres; Unit mix includes 120 one‑bedroom and 48 two‑bedroom apartments
