Multi-Family Building with 3BR
For Sale
$175,000
3230 Richton St, Detroit, MI 48206
Over 5,000-square-foot multifamily property with three-bedroom, one-bath units, offering a renovation-focused investment fit.
Property Size5,040 SF
Price / SF$35
Days on Market50
Property Features for 3230 Richton St
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$4,541
Building Details
Building Size
5,040 SF
Year Built
1925
Units
4
Listing Agency:
M77 LLC
(314) 239-7713
Listed By:
Michael Helfant · License #6501422602
(314) 239-7713
Source:
Elliman
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 10 at 6:35AM
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 M77 LLC
Investment Insights
Based on property information with market context.
This over 5,000-square-foot multifamily building features units configured with three full bedrooms and one bathroom. The property’s size and repeatable unit layouts can support straightforward re-tenanting plans following renovation, with ample room to improve overall building condition.
The address is 3230 Richton St in Detroit, located near the historic Boston Edison district. Mobility is car-dependent, with a walk score of 31 and a bike score of 38, while transit score is 50, indicating reasonable public transportation access.
For investors or owner-operators, the combination of substantial building size and consistent unit mix makes this a workable option for a renovation and repositioning strategy. Prospective buyers should plan for post-rehab leasing and confirm the building’s current condition and unit count during due diligence to align with their operating and renovation objectives.
The address is 3230 Richton St in Detroit, located near the historic Boston Edison district. Mobility is car-dependent, with a walk score of 31 and a bike score of 38, while transit score is 50, indicating reasonable public transportation access.
For investors or owner-operators, the combination of substantial building size and consistent unit mix makes this a workable option for a renovation and repositioning strategy. Prospective buyers should plan for post-rehab leasing and confirm the building’s current condition and unit count during due diligence to align with their operating and renovation objectives.
Key Highlights
- Over 5,000 SF multifamily building at 3230 Richton St in Detroit
- Year built 1925
- Each unit features 3 full bedrooms and 1 bathroom
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Over 5,000-square-foot multifamily property with three-bedroom, one-bath units, offering a renovation-focused investment fit.
Where is this multifamily property located?
The property is located at 3230 Richton St Detroit, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Over 5,000 SF multifamily building at 3230 Richton St in Detroit; Year built 1925; Each unit features 3 full bedrooms and 1 bathroom
