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Updated 20-Unit Apartment Building

3737 Scovel Place, Detroit, MI 48208

For Sale
$799,000

Multi Family, Detroit, MI

Property SizeContact for details
Lot Size0.15 Acres
Days on Market891

Property Features for 3737 Scovel Place

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 1
Full bathrooms 2
Rooms Bathroom 2, Basement, Bathroom 1, Bedroom 1
Parking 12
Basement Full
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions From the I-96 go west on West Grand Blvd, turn south on Scovel Place, the property is one the right side of the street
Subdivision Wayne County - 100
Standard status Active
APN 12009873.
Lot size 0.15 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities electricity

Taxes and HOA fees

Tax Year 2023
Tax Description S SCOVEL PLACE 5 E 1/2 4 MC LAUGHLINS SUB L22 P53 PLATS, W C R 12/106 45 X 140.18
Tax Annual Amount 12844
Legal Description S SCOVEL PLACE 5 E 1/2 4 MC LAUGHLINS SUB L22 P53 PLATS, W C R 12/106 45 X 140.18

Utilities

Utilities Natural Gas Available
Heating system Radiant

Building Details

Year built 1927
Number of units 20
Building materials Brick
Roof type Rubber
Buildings 1
Listing Agency: Golden Key Real Estate LLC
Listed By: Ryan Heward · License MI #6502401117
Added: Jun 7, 2024 Changed: Oct 30 Last Checked: Nov 14 at 12:06AM
MLS# 24029554

Copyright © 2026 Michigan Regional Information Center, LLC. 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.

Built in 1927, this brick apartment property contains 20 occupied units consisting of 10 studios and 10 one-bedroom apartments. Most units feature refreshed flooring, paint, and lighting, while entry doors have steel construction, digital or keyless access, and deadbolts. Each apartment is separately metered for electricity and includes dedicated heating and cooling equipment. One-bedroom units have new furnaces and AC systems; studios use new mini-splits for heating and cooling. Plumbing stack replacements, upgraded common-area LED lighting, new exterior door components, and a building-wide camera system add to the recent improvements.

The property occupies 0.15 acres at 3737 Scovel Place in Detroit, with an adjacent attached concrete parking lot. The building has rental certification and passed the City of Detroit lead inspection. Downtown is less than 10 minutes away, while Midtown is approximately 5 minutes from the property.

Key Highlights

  • 20‑unit occupied apartment building with 10 studios and 10 one‑bedroom units
  • Built in 1927 on 0.15 acres at 3737 Scovel Place, Detroit, MI 48208
  • Rental certified and passed City of Detroit lead inspection

Property Analytics

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Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

577
Businesses Nearby

Demographics for 48208, MI

8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
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 - Occupied multifamily property with renovated interiors, individually metered utilities, and a varied studio and one-bedroom unit mix.
Where is this apartment building located?
The property is located at 3737 Scovel Place Detroit, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 20‑unit occupied apartment building with 10 studios and 10 one‑bedroom units; Built in 1927 on 0.15 acres at 3737 Scovel Place, Detroit, MI 48208; Rental certified and passed City of Detroit lead inspection
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