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36-Unit Apartment Building

3017-3029 Buena Vista, Detroit, MI 48238

For Sale
$799,000

Vacant residential property has renovation work underway in about half of the building, with the remainder requiring rehabilitation.

Property Size29,726 SF
Lot Size0.37 Acres
Price / SF$26.88
Days on Market18

Property Features for 3017-3029 Buena Vista

General Information

Standard status Active
Size 29,726 SF
Lot size 0.37 Acres
Property subtype Multifamily
Zoning R2

Property Condition

Severity Repairs Needed
Evidence the remaining portion requires renovation

Site & Location

Neighborhood Oakman Blvd.
Highway Access Yes

Additional Details

Multifamily Units 36
Listing Agency: Forward Commercial Group
Listed By: Emil Cherkasov
Source: Cpix.resimplifi
Added: Oct 21 Changed: Oct 31 Last Checked: Nov 6 at 5:09AM

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 Forward Commercial Group

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Investment Insights

Based on property information with market context.

This vacant, 36-unit apartment property contains 29,726 square feet on a 0.37-acre site and is zoned R2. Work has started on approximately half of the building, covering electrical, plumbing, drywall, windows, and the roof. The unrenovated portion still requires work. Units may be brought into residential use as renovations proceed, subject to required permits, inspections, and approvals.

The property is near University of Detroit Mercy, Wayne State University, and the Boston-Edison Historic District, with access to I-75, I-96, and M-10. The sale is being conducted through a receivership.

Key Highlights

  • 36 apartment units in 29,726 square feet
  • 0.37‑acre site zoned R2
  • Renovation started on approximately half the building, including electrical, plumbing, drywall, windows, and roof

Property Analytics

Lease Details

36
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

414
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

Average Price Trend$/SF for Apartment buildings in Detroit, MI

$140 Jul
$147 Aug
$118 Sep
$125 Oct

Properties on Market for Apartment buildings in Detroit

Jul
Aug
Sep
Oct

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?
Apartment building - Vacant residential property has renovation work underway in about half of the building, with the remainder requiring rehabilitation.
Where is this apartment building located?
The property is located at 3017-3029 Buena Vista Detroit, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 36 apartment units in 29,726 square feet; 0.37‑acre site zoned R2; Renovation started on approximately half the building, including electrical, plumbing, drywall, windows, and roof
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