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Four-Unit Multifamily Property
For Sale
$475,000

638 Seward St, Detroit, MI 48202

Separate utility metering and rear parking accompany a partially occupied residential property.

Property Size4,327 SF
Days on Market43

Property Features for 638 Seward St

General Information

Standard status Active
Size 4,327 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $14,665

Building Details

Building Size 4,327 SF
Year Built 1909
Units 4
Listing Agency: M77 LLC
Listed By: Joseph Hammel · License #6501422602
Source: Elliman
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 31 at 5:40PM

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 M77 LLC

Investment Insights

Based on property information with market context.

Built in 1909, this multifamily property contains four residential units, with two currently occupied and two vacant. Separate gas and electric meters serve each unit, and a sizable parking area is located behind the building.

The property is at 638 Seward St in Detroit, within the 48202 ZIP code. WalkScore is 70, BikeScore is 56, and TransitScore is 47, reflecting a somewhat walkable setting with some transit service and bikeable conditions.

Key Highlights

  • Four‑unit multifamily property built in 1909
  • Two units occupied and two units vacant
  • Separate gas and electric meters for each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery Kitchen & Bath Showroom Furniture & Home Goods Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,471
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Separate utility metering and rear parking accompany a partially occupied residential property.
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 multifamily property built in 1909; Two units occupied and two units vacant; Separate gas and electric meters for each unit
More about this property
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