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Three-Story Brick Multifamily Property
For Sale
$135,000

5023 Iroquois St, Detroit, MI 48213

Three-level brick building with a kitchen serving each floor and updated core systems.

Property Size3 SF
Days on Market13

Property Features for 5023 Iroquois St

General Information

Standard status Active
Size 3 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $2,736

Building Details

Building Size 3 SF
Year Built 1922
Stories 3
Units 2
Construction brick
Listed By: Troy Schearer
Source: Elliman
Added: Sep 5 Changed: Sep 9 Last Checked: Sep 16 at 5:10PM

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 Troy Schearer

Investment Insights

Based on property information with market context.

Built in 1922, this three-story brick multifamily property is configured with 8 bedrooms, 3 bathrooms, and a kitchen on each level. Interior features include hardwood flooring throughout, along with numerous newer windows and newer ductwork. The property also benefits from two electrical services and an updated sewer line.

The roof was replaced approximately two years ago. Located at 5023 Iroquois St in Detroit, the property has a Walk Score of 36, a Bike Score of 48, and a Transit Score of 46, reflecting car-dependent access with some transit and bike connectivity.

Key Highlights

  • Three‑story brick multifamily property built in 1922
  • 8 bedrooms and 3 bathrooms arranged across three levels
  • Kitchen located on each level

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Spa & Massage Center Nail Salon Gym & Fitness Center

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

280
Businesses Nearby

Demographics for 48213, MI

19,088
Population
11,365
Households
1.7
Avg Household Size
39
Median Age
7%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
2,937
Density / Sq Mi
$33,755
Median Household Income
$24,765
Median Earnings
$837
Median Rent
$52,100
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?
Multifamily property - Three-level brick building with a kitchen serving each floor and updated core systems.
Where is this multifamily property located?
The property is located at 5023 Iroquois St Detroit, MI.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Three‑story brick multifamily property built in 1922; 8 bedrooms and 3 bathrooms arranged across three levels; Kitchen located on each level
More about this property
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