Detroit Multifamily Renovation
5319 Ivanhoe St, Detroit, MI 48204
Four-unit property in Detroit, mid-renovation with significant equity potential.
Type:Investment
Lot size:
0.16 Acres- Added:
- Mar 26, 2026
- Days on Market:
- 59
- Last Refresh:
- Mar 25 at 5:36 am
Property Features for 5319 Ivanhoe St
General Information
- Standard status
- Active
- Lot size
- 0.16 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1924
Listing agent Matthew Pierce
Listing office
Listing date Mar 26, 2026
Source Elliman
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 Matthew Pierce
HighLights
- Significant value‑add opportunity with major renovations already started, allowing for equity building.
- New roof, water tank, and furnace installed, reducing major upfront costs.
- Three units are down to the studs, offering a blank canvas for full renovation and customization.
- One unit is approximately 70% complete, enabling faster stabilization and potential income generation.
- Multiple investment strategies available: rental, portfolio addition, or resale.
- Strong rental demand in Detroit, indicating high potential for cash flow.
Overview
This four-unit property presents a value-add opportunity with renovations already underway. Located in Detroit, the property is mid-renovation, allowing the next owner to complete the project. Three of the units have been taken down to the studs, providing a blank canvas for renovation. One unit is approximately 70% complete. Key updates have already been completed, including a new roof, new water tank, and new furnace. This property presents multiple investment strategies: finish the renovations and create a cash-flowing multifamily rental, add it to a long-term portfolio, or complete the project for resale. This opportunity is ideal for experienced investors, builders, or contractors looking to take over a project that already has important improvements completed.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.12707
- Latitude
- 42.357006
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property in Detroit, mid-renovation with significant equity potential.
Where is this quadplex located?
The property is located at 5319 Ivanhoe St Detroit, MI.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Significant value‑add opportunity with major renovations already started, allowing for equity building.; New roof, water tank, and furnace installed, reducing major upfront costs.; Three units are down to the studs, offering a blank canvas for full renovation and customization.
