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36-Unit Apartment Building
For Sale
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361 Merton Rd, Highland Park, MI 48203

Unoccupied 36-unit apartment building offered for sale.

Property Size33,407 SF
Days on Market644

Property Features for 361 Merton Rd

General Information

Standard status Active
Size 33,407 SF
Property subtype Multifamily
Zoning R5

Additional Details

Multifamily Units 36

Building Details

Building Size 33,407 SF
Year Built 1927
Buildings 1
Stories 4
Tenancy Multi
Listing Agency: Signature Associates - Southfield
Listed By: Joe Stack
Source: Cpix.resimplifi
Added: Dec 9, 2024 Changed: Sep 7 Last Checked: Sep 13 at 4:11AM

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 Signature Associates - Southfield

Investment Insights

Based on property information with market context.

This is a 36-unit apartment building being sold as unoccupied. The property is currently not in service, which may simplify access for buyers and brokers conducting due diligence.

The building is located at 361 Merton Rd in Highland Park, Michigan (MI 48203). It is listed as a residential income property, consistent with its apartment building configuration.

Additional details regarding unit mix, interior condition, building systems, or amenities were not provided in the available information.

Key Highlights

  • Unoccupied 36‑unit apartment building for sale
  • Year built: 1927

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Kitchen & Bath Showroom Electrical Service 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.

Lease Details

36
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby

Demographics for 48203, MI

22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Unoccupied 36-unit apartment building offered for sale.
Where is this apartment building located?
The property is located at 361 Merton Rd Highland Park, MI.
What are key features of this property?
This property features: Unoccupied 36‑unit apartment building for sale; Year built: 1927
More about this property
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