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27-Unit Apartment Building
New
For Sale
$975,000

318 W 2nd St, Flint, MI 48502

Historic downtown property with shared laundry, courtyard, interior mail service, and basement storage.

Property Size19,032 SF
Days on Market5

Property Features for 318 W 2nd St

General Information

Standard status Active
Size 19,032 SF
Property subtype Investment

Property Condition

Severity Repairs Needed
Evidence require some TLC to make rent-ready

Additional Details

Multifamily Units 27

Taxes and HOA fees

Annual Taxes $18,534

Amenities

shared laundry room
interior mail area
courtyard
basement storage space

Building Details

Building Size 19,032 SF
Year Built 1921
Buildings 1
Units 27
Listing Agency: Elite Real Estate Professionals, Inc.
Listed By: Keelie Thomas
Source: Elliman
Added: Sep 22 Changed: Sep 24 Last Checked: Sep 24 at 2:06PM

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 Elite Real Estate Professionals, Inc.

Investment Insights

Based on property information with market context.

The Bervean Building is a 27-unit apartment property constructed in 1921, with a unit mix consisting primarily of one-bedroom apartments. Original interior details include crown molding and hardwood flooring, while updated paint and fixtures add more recent improvements. Some vacant units require renovation before they are rent-ready. Residents have access to a shared laundry room, interior mail area, courtyard, and basement storage.

Located at 318 W 2nd St in downtown Flint, the property is near restaurants, bars, entertainment, and nightlife. The building is also close to the University of Michigan-Flint, Mott Community College, and Kettering University. A new roof was installed in 2025.

Key Highlights

  • 27 units, primarily one‑bedroom apartments
  • Built in 1921 with crown molding and original hardwood floors
  • New roof installed in 2025

Property Analytics

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Current Use

Bervean Apartments Apartment Building Yhms Inc Property Management Company

Suggested Use

Top Pick Auto Parts Store Hair Salon Nail Salon Furniture & Home Goods Electrical Service Storage Facility

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

27
Residential units

Location Intelligence

Trade Area within ½ mile

2,108
Businesses Nearby

Demographics for 48502, MI

1,478
Population
228
Households
6.5
Avg Household Size
29
Median Age
11%
College-Educated
77%
High-School Grad
0.5 sq mi
ZIP Area
2,956
Density / Sq Mi
$55,700
Median Household Income
$9,434
Median Earnings
$886
Median Rent
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic downtown property with shared laundry, courtyard, interior mail service, and basement storage.
Where is this apartment building located?
The property is located at 318 W 2nd St Flint, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 27 units, primarily one‑bedroom apartments; Built in 1921 with crown molding and original hardwood floors; New roof installed in 2025
More about this property
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