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16-Unit Brick Apartment Building

3550 Montclair Street, Detroit, MI 48214

For Sale
$549,900

Multifamily, 3 Story, Detroit, MI

Property Size10,944 SF
Lot Size0.23 Acres
Price / SF$50.25
Days on Market432

Property Features for 3550 Montclair Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial
Bedrooms 16
Bathrooms 16
Full bathrooms 16
Rooms Bathroom 8, Bedroom 8, Bathroom 13, Bedroom 16, Bathroom 12, Bedroom 3, Bathroom 5, Bathroom 7, Bathroom 15, Bathroom 3, Bathroom 14, Bedroom 2, Bedroom 13, Bathroom 11, Bedroom 15, Bedroom 4, Bedroom 5, Bedroom 12, Bathroom 1, Bedroom 11, Bathroom 4, Bedroom 1, Bedroom 10, Basement, Bathroom 2, Bedroom 9, Bathroom 6, Bathroom 10, Bathroom 9, Bathroom 16, Bedroom 7, Bedroom 6, Bedroom 14
Interior features Cable Available, Circuit Breakers, Laundry Facility
Subdivision HENDRIES (PLATS)
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions From Goethe turn North on Montclair
Standard status Active
APN W21I040671S
Size 10,944 SF
Lot size 0.23 Acres

Additional Details

Individually Metered Utilities electricity, gas

Taxes and HOA fees

Tax Description E MONTCLAIR N 13.5 FT 441 440 S 15 FT 439 HENDRIES SUB L25 P38 PLATS, W C R 21/528 58.5 X 172.83A
Tax Annual Amount 18135
Legal Description E MONTCLAIR N 13.5 FT 441 440 S 15 FT 439 HENDRIES SUB L25 P38 PLATS, W C R 21/528 58.5 X 172.83A

Utilities

Heating system Steam, Radiant
Water source Public

Building Details

Year built 1925
Floors in Building 3
Number of units 16
Building materials Brick
Roof type Asphalt
Architectural style Other
Buildings 1
Listing Agency: RE/MAX Leading Edge · RE/MAX International
Listed By: Ryan E Kain · License MI #6501401697
Added: Sep 5, 2025 Changed: Oct 28 Last Checked: Nov 10 at 6:06PM
MLS# 20251033366

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.

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Investment Insights

Based on property information with market context.

Located at 3550 Montclair Street in Detroit, this 10,944-square-foot brick apartment building contains 16 units on a 0.23-acre parcel. Built in 1925 and zoned Commercial, the property includes a basement, laundry facility, public water, asphalt roofing, and radiant and steam heating. Seven units are occupied.

Updates completed in 2022 included all-new windows, a new roof, two boilers, HWTs, and portions of the electrical and plumbing systems. Five units received full kitchen and bathroom remodels, while rental turnovers were completed in the other 11 units. The front half of the basement has been gutted and includes space for four additional units. Electricity and cooking gas are separately metered by unit; the owner pays heating, common-area electric, and water. The property is a few blocks from Chrysler/Stellantis's new auto manufacturing plant.

Key Highlights

  • 16‑unit apartment building with 10,944 square feet on 0.23 acres
  • 2022 improvements include new windows, roof, 2 boilers, and HWTs
  • 5 of 16 units were fully remodeled with updated kitchens and bathrooms

Property Analytics

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Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

171
Businesses Nearby

Demographics for 48214, MI

18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Detroit, MI

$140 Jul
$147 Aug
$118 Sep
$125 Oct

Properties on Market for Apartment buildings in Detroit

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Updated multifamily property with individually metered electricity and cooking gas for each unit.
Where is this apartment building located?
The property is located at 3550 Montclair Street Detroit, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 16‑unit apartment building with 10,944 square feet on 0.23 acres; 2022 improvements include new windows, roof, 2 boilers, and HWTs; 5 of 16 units were fully remodeled with updated kitchens and bathrooms
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