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Three-Unit Multifamily Investment
For Sale
$297,500

2681 Pasadena Street, Detroit, MI 48238

Three-unit multifamily property on a 3,920 sq. ft. lot in Detroit, offered for sale to income-focused investors.

Property Size3,920 SF
Lot Size0.09 Acres
Price / SF$75.89
Days on Market53

Property Features for 2681 Pasadena Street

General Information

Standard status Active
Size 3,920 SF
Lot size 0.09 Acres
Property subtype Multi Family / 2 to 4 Units

Additional Details

Multifamily Units 3

Building Details

Year Built 1927
Listing Agency: Detroit Metro Realty
Listed By: Kingsley Ifezue · License #6502412737
Source: Compass
Added: Jun 10 Changed: Jul 21 Last Checked: Aug 1 at 1:23PM

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 Detroit Metro Realty

Investment Insights

Based on property information with market context.

This three-unit multifamily investment property features a 3-unit configuration designed to support multiple streams of rental income. The offering includes a structure set on a 3,920 square foot lot.

Located in Detroit, MI, the property is presented as a versatile income opportunity for investors looking to add a multi-unit asset to their portfolio.

The asset is marketed for its flexible usage and revenue generation possibilities inherent to a multi-unit structure.

Key Highlights

  • Three‑unit multifamily property in Detroit, MI
  • Situated on a 3,920 sq. ft. lot
  • Brick construction with a full substructure

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Spa & Massage Center Gym & Fitness Center (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.

Lease Details

3
Residential units

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

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?
Triplex - Three-unit multifamily property on a 3,920 sq. ft. lot in Detroit, offered for sale to income-focused investors.
Where is this triplex located?
The property is located at 2681 Pasadena Street Detroit, MI.
What is the asking price?
The asking price for this property is $297,500.
What are key features of this property?
This property features: Three‑unit multifamily property in Detroit, MI; Situated on a 3,920 sq. ft. lot; Brick construction with a full substructure
More about this property
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