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Multifamily Property with Three-Bedroom Units
For Sale
$175,000

3230 Richton Street, Detroit, MI 48206

Each apartment is configured with three bedrooms and one bathroom.

Property SizeContact for details
Days on Market45

Property Features for 3230 Richton Street

General Information

Standard status Active
Property subtype Multi Family
Listing Agency: Keller Williams Somerset
Listed By: Joseph Hammel · License #6501422602
Source: Corneliusteam
Added: Jul 17 Changed: Aug 28 Last Checked: Aug 29 at 9:25AM

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 Keller Williams Somerset

Investment Insights

Based on property information with market context.

Located at 3230 Richton Street in Detroit, this multifamily property contains more than 5,000 square feet of building area. The apartment layout provides three full bedrooms and one bathroom in each unit, creating a consistent configuration throughout the property.

The building is situated near Detroit’s historic Boston Edison district. The property information identifies renovation as part of the opportunity, while the existing structure provides the physical base for future improvements.

Key Highlights

  • More than 5,000 square feet of multifamily building area
  • Each unit includes 3 full bedrooms and 1 bathroom
  • Located at 3230 Richton Street in Detroit, MI 48206

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Hair Salon Skin Care Clinic

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

394
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Each apartment is configured with three bedrooms and one bathroom.
Where is this multifamily property located?
The property is located at 3230 Richton Street 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: More than 5,000 square feet of multifamily building area; Each unit includes 3 full bedrooms and 1 bathroom; Located at 3230 Richton Street in Detroit, MI 48206
More about this property
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