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Remodeled Four-Unit Apartment Property
For Sale
$335,000

5319 Ivanhoe Street, Detroit, MI 48204

Multifamily, 2 Story, Detroit, MI

Property Size4,000 SF
Lot Size0.16 Acres
Price / SF$83.75
Days on Market56

Property Features for 5319 Ivanhoe Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family
Bedrooms 8
Bathrooms 5
Full bathrooms 4
Half bathrooms 4
Rooms Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Basement, Bathroom 1, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 1, Bathroom 3
Subdivision Joseph Tireman
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions Linwood St. Drive About 0.5 Mile, Then Turn Right Onto Ivanhoe St, Continue Until You Reach 5319 Ivanhoe St.
Standard status Active
APN W16I002942S
Size 4,000 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. S IVANHOE 231&230 BLK 10 JOSEPH TIREMANS SUB L28 P22 PLATS, W C R 16/178 56.90 X 120
Tax Annual Amount 3825
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. S IVANHOE 231&230 BLK 10 JOSEPH TIREMANS SUB L28 P22 PLATS, W C R 16/178 56.90 X 120

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1924
Floors in Building 2
Number of units 4
Building materials Block
Architectural style Other
Listing Agency: KW Domain · Keller Williams Realty
Listed By: Lauryn Johnson · License #6501462908
Added: Jul 5 Changed: Aug 25 Last Checked: Aug 29 at 9:06PM
MLS# 20261053311

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Detroit quadplex contains four recently remodeled two-bedroom residences within a 4,000-square-foot building on a 0.16-acre lot. Improvements include a tear-off 40-year roof, upgraded low-E maintenance-free windows, new furnaces, hot water tanks, plumbing, and electrical systems. Interior work includes fresh paint and new carpet in each dwelling. Block construction, forced-air heating, and public water service are also in place.

The property is located at 5319 Ivanhoe Street in Detroit’s 48204 ZIP code, approximately six minutes from the historic Boston-Edison District. It is zoned Multi-Family and was built in 1924. The four residences are leased to Section 8 tenants, with tenants responsible for all utilities.

Key Highlights

  • Four two‑bedroom residences in a quadplex configuration
  • 4,000‑square‑foot building on a 0.16‑acre lot
  • Recently updated plumbing and electrical systems in each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Parking Lot & Garage 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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four recently updated two-bedroom residences with separate utility responsibility and multifamily zoning.
Where is this quadplex located?
The property is located at 5319 Ivanhoe Street Detroit, MI.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Four two‑bedroom residences in a quadplex configuration; 4,000‑square‑foot building on a 0.16‑acre lot; Recently updated plumbing and electrical systems in each unit
More about this property
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