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Four-Unit Multifamily Property
For Sale
$40,000

247 Midland St, Highland Park, MI 48203

Four units near Woodward Ave and M-8.

Property Size3,840 SF
Price / SF$10.42
Days on Market105

Property Features for 247 Midland St

General Information

Standard status Active
Size 3,840 SF
Property subtype Investment

Building Details

Year Built 1925
Listing Agency: Keller Williams Professionals
Listed By: Jeff Glover · License #6501317808
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 28 at 12:36PM

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 Professionals

Investment Insights

Based on property information with market context.

This multifamily property features four units, with two located on the upper level and two on the lower level. Each unit has an identical floor plan. The building has a total area of 3,840 square feet and includes a full basement. The property is located near Woodward Avenue and M-8, providing convenient access to major roads and local amenities. The location has a transit score of 50, indicating good transit options. The bike score is 38, meaning it is somewhat bikeable, and the walk score is 31, indicating car-dependent accessibility.

Key Highlights

  • Four Units: Ideal for investors seeking rental income.
  • Large Size: 3,840 SQFT provides ample living space.
  • Full Basement: Offers potential for additional storage or development.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

590
Businesses Nearby

Demographics for 48203, MI

22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four units near Woodward Ave and M-8.
Where is this quadplex located?
The property is located at 247 Midland St Highland Park, MI.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: Four Units: Ideal for investors seeking rental income.; Large Size: 3,840 SQFT provides ample living space.; Full Basement: Offers potential for additional storage or development.
More about this property
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