Four-Unit Quadplex with Updated
For Sale
$350,000
Pending
5319 Ivanhoe St, Detroit, MI 48204
Four remodeled two-bedroom residences feature new plumbing, electrical, furnaces, and hot water tanks.
Property Size4,000 SF
Lot Size0.16 Acres
Days on Market10
Property Features for 5319 Ivanhoe St
General Information
Standard status
Pending
Size
4,000 SF
Lot size
0.16 Acres
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Additional Details
Gross Income
$55,260
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,825
Building Details
Building Size
4,000 SF
Year Built
1924
Units
4
Tenancy
Multi
Listing Agency:
KW Domain Birmingham
Listed By:
Lauryn Johnson · License #6501462908
(248) 207-2994
Source:
Elliman
Added: Sep 28
Changed: Oct 7
Last Checked: Oct 7 at 1:15PM
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 KW Domain Birmingham
Investment Insights
Based on property information with market context.
This 1924 quadplex contains four recently remodeled two-bedroom homes on a 6,795-square-foot lot. Improvements include a new tear-off 40-year roof, gutters, trim, upgraded low-E windows, new furnaces and hot water tanks, and new plumbing and electrical systems in each unit. Interior updates include fresh paint and new carpet with upgraded underlayment.
The property is located about 6 minutes from the historic Boston Edison District. All four units are leased to Section 8 tenants, and tenants pay their own utilities.
The property is located about 6 minutes from the historic Boston Edison District. All four units are leased to Section 8 tenants, and tenants pay their own utilities.
Key Highlights
- Four two‑bedroom residences
- 6,795‑square‑foot lot
- New tear‑off 40‑year roof, gutters, and trim
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four remodeled two-bedroom residences feature new plumbing, electrical, furnaces, and hot water tanks.
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 $350,000.
What are key features of this property?
This property features: Four two‑bedroom residences; 6,795‑square‑foot lot; New tear‑off 40‑year roof, gutters, and trim
