New Center Four-Unit Multifamily
For Sale
$475,000
638 Seward St, Detroit, MI 48202
Four-unit multifamily property in Detroit's New Center area.
Property Size4,327 SF
Price / SF$109.78
Days on Market240
Property Features for 638 Seward St
General Information
Standard status
Active
Size
4,327 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Virginia Park
Taxes and HOA fees
Annual Taxes
$14,665
Listing Agency:
Keller Williams Somerset
(248) 649-7200
Listed By:
Joseph Hammel · License #6501422602
(248) 422-1685
Source:
Exprealty
Added: Mar 12
Changed: Sep 8
Last Checked: Nov 4 at 3:10PM
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 Keller Williams Somerset
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Investment Insights
Based on property information with market context.
This four-unit multifamily property is located in the New Center area. The property features a large back parking lot. Each unit has separate gas and electric meters. Two units are currently occupied, and two are vacant. The property is located in an area where Henry Ford, the Detroit Pistons, and Michigan State University have announced a multi-billion dollar development plan, suggesting potential for rent and appreciation.
Key Highlights
- Four‑unit building in the New Center area.
- Multi‑billion dollar development plan announced by Henry Ford, Detroit Pistons, and Michigan State University nearby.
- High rent potential due to area development.
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,471
Businesses Nearby
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Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Detroit, MI
Properties on Market for Quadplexes in Detroit
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property in Detroit's New Center area.
Where is this quadplex located?
The property is located at 638 Seward St Detroit, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit building in the New Center area.; Multi‑billion dollar development plan announced by Henry Ford, Detroit Pistons, and Michigan State University nearby.; High rent potential due to area development.
