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Detroit Multifamily Investment Opportunity
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3290 Rochester, Detroit, MI 48206

Multi-property investment in Detroit's Dexter-Linwood neighborhood.

Property Size10,932 SF
Lot Size0.37 Acres
Price / SF$15.37
Days on Market182

Property Features for 3290 Rochester

General Information

Standard status Active
Size 10,932 SF
Class C
Lot size 0.37 Acres
Property subtype Multifamily
Zoning R6
Investment Type Redevelopment

Building Details

Year Built 1926
Buildings 1
Stories 4
Units 14
Listing Agency: Encore Real Estate Investment Services
Listed By: Kishon Harbert · License #MI 6501402939
Source: Crexi
Added: Feb 12 Changed: Aug 8 Last Checked: Aug 12 at 3:19PM

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 Encore Real Estate Investment Services

Investment Insights

Based on property information with market context.

Located in Detroit’s Dexter-Linwood neighborhood, this multi-property offering presents an opportunity for investors seeking scale within a high-demand rental corridor. The bundle includes two adjacent properties with a combined site footprint of approximately 0.37 acres. The primary Rochester structure contains 14 residential units, offering income potential for investors pursuing renovation, stabilization, or long-term portfolio growth. The building’s layout supports multi-tenant residential use and provides a foundation for value-add improvements. The surrounding area features consistent residential occupancy, nearby retail corridors, public transit accessibility, and ongoing reinvestment activity. Dexter-Linwood continues to attract investors focused on workforce housing, rental portfolio expansion, and neighborhood revitalization initiatives. This offering is suited for investors looking to reposition a multi-unit asset in a historically active Detroit rental market. The property size is 10932 square feet. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Key Highlights

  • High‑demand rental corridor in Detroit's Dexter‑Linwood neighborhood.
  • Multi‑property offering with two adjacent properties on approximately 0.37 acres.
  • Primary structure contains 14 residential units, offering significant income potential.**

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Restaurant Nail Salon

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

335
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?
Apartment building - Multi-property investment in Detroit's Dexter-Linwood neighborhood.
Where is this apartment building located?
The property is located at 3290 Rochester Detroit, MI.
What is the asking price?
The asking price for this property is $168,000.
What are key features of this property?
This property features: High‑demand rental corridor in Detroit's Dexter‑Linwood neighborhood.; Multi‑property offering with two adjacent properties on approximately 0.37 acres.; Primary structure contains 14 residential units, offering significant income potential.**
(313) 919-1935 Call to check price and availability
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