Search
Four-Unit Multifamily Property
New
For Sale
$350,000

5319 Ivanhoe Street, Detroit, MI 48204

Multifamily, 2 Story, Detroit, MI

Property Size4,000 SF
Lot Size0.16 Acres
Price / SF$87.50
Days on Market2

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 Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 1, Basement, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 8, Bedroom 1, Bedroom 7
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: Sep 26 Changed: Sep 27 Last Checked: Sep 27 at 1:06PM
MLS# 20261077957

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 block-constructed quadplex contains four remodeled residences, each with two bedrooms. The building totals 4,000 square feet on a 0.16-acre lot and dates to 1924. Recent improvements include a replacement roof, upgraded windows, new furnaces and water heaters, and updated plumbing and electrical systems. Fresh paint and carpeting complete the interior updates.

The property is zoned Multi-Family and is leased to Section 8 tenants. It is located six minutes from the historic Boston-Edison District. Tenants pay their utilities.

Key Highlights

  • Four residences, each with two bedrooms
  • 4,000‑square‑foot building on a 0.16‑acre lot
  • 1924 construction; block exterior

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open 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
Multi-tenant
Tenancy

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
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Four remodeled residences feature two bedrooms each, with updated building systems and finishes.
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 $350,000.
What are key features of this property?
This property features: Four residences, each with two bedrooms; 4,000‑square‑foot building on a 0.16‑acre lot; 1924 construction; block exterior
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message