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Multifamily Property
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For Sale
$99,000

2645 W Grand St, Detroit, MI 48238

The Detroit property is offered in as-is condition and is a short trip from downtown.

Property Size2,370 SF
Days on Market5

Property Features for 2645 W Grand St

General Information

Standard status Active
Size 2,370 SF
Property subtype Investment

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $4,251

Building Details

Building Size 2,370 SF
Year Built 1925
Units 2
Listing Agency: Own It Realty
Listed By: Alex Farhat · License #6506047996
Source: Elliman
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 16 at 9:40AM

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 Own It Realty

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Investment Insights

Based on property information with market context.

Built in 1925, this multifamily property at 2645 W Grand St in Detroit is being offered in as-is condition. The remarks identify a possible conversion to a six-bedroom, two-bath home; this is a contemplated alternative rather than a description of the current configuration.

Downtown Detroit is minutes away, and public transportation is accessible nearby. The property has a Walk Score of 51, a Transit Score of 48, and a Bike Score of 42.

Key Highlights

  • Built in 1925
  • Offered in as‑is condition
  • Minutes from downtown Detroit with public transportation nearby

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Spa & Massage Center Skin Care Clinic (Bike/Boat/Book/etc) Store

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

448
Businesses Nearby

Demographics for 48238, MI

25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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?
Multifamily property - The Detroit property is offered in as-is condition and is a short trip from downtown.
Where is this multifamily property located?
The property is located at 2645 W Grand St Detroit, MI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Built in 1925; Offered in as‑is condition; Minutes from downtown Detroit with public transportation nearby
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