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Colonial Brick Quadplex
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3465 Wager Street, Detroit, MI 48206

MULTI_FAMILY - Colonial - Detroit, MI

Property Size3,326 SF
Lot Size0.08 Acres
Price / SF$7.52
Days on Market322

Property Features for 3465 Wager Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family,Residential
Bedrooms 10
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 9, Bedroom 7, Bedroom 10
Pets allowed Dogs OK, Cats OK
Subdivision Wagers Sub
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions N. of Joy, E. of Dexter
Standard status Active
APN W12I002764S
Size 3,326 SF
Lot size 0.08 Acres

Taxes and HOA fees

Tax Description S WAGER 134 WAGERS SUB L35 P7 PLATS, W C R 12/190 35.48 IRREG
Tax Annual Amount 641
Legal Description S WAGER 134 WAGERS SUB L35 P7 PLATS, W C R 12/190 35.48 IRREG

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1923
Floors in Building 2
Number of units 4
Building materials Brick
Architectural style Colonial
Listing Agency: Bellabay Realty Tri Counties
Listed By: Natasha C Richards · License #6502385914
Added: Sep 24, 2025 Changed: Aug 2 Last Checked: Aug 11 at 6:06PM
MLS# 20251036430

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This colonial-style brick quadplex offers four residential units totaling 3,326 square feet on a 0.08-acre lot. The property was built in 1923 and features forced-air heating and public water service. The layout includes multiple bedrooms and bathrooms across the units, along with a basement.

The property is zoned for multi-family and residential use. Sale is contingent on a buyer/seller executed development agreement. Proof of funds documentation must be provided with the proposal, and proposals must include development timelines and offer amounts.

For the Detroit Land Bank Authority, DLBA is entitled to tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements and lot combinations otherwise available to the selected purchaser. DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes to approve such requests, determined based on the development proforma and the effect of any tax abatements.

Key Highlights

  • Four‑unit quadplex totaling 3,326 SF on a 0.08‑acre lot
  • Brick colonial architecture built in 1923
  • Zoned Multi‑Family, Residential

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Hair 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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

281
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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick colonial quadplex zoned for multi-family with forced-air heat and public water, built in 1923.
Where is this quadplex located?
The property is located at 3465 Wager Street Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,326 SF on a 0.08‑acre lot; Brick colonial architecture built in 1923; Zoned Multi‑Family, Residential
More about this property
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