13-Unit Three-Level Apartment
New
For Sale
$950,000
764 Woodmere St, Detroit, MI 48209
Renovated multifamily property with condo-style residences and separately metered water and electric service.
Property Size12,874 SF
Days on Market1
Property Features for 764 Woodmere St
General Information
Standard status
Active
Size
12,874 SF
Property subtype
Multifamily
Occupancy
76%
Units
Unit Mix
13 x 2BR/1BA
Multifamily Units
13
Additional Details
Cap Rate
5.9%
Utilities to Site
Yes
Amenities
Renovated 13-Unit Asset: Updated multi-family property featuring condo-style, three-level layouts with two-bedrooms and one bathroom per unit.
Above-Market Rents: Achieving rents of $950–$1,100 per month, demonstrating strong rental performance.
Individually Metered Utilities: Separate water and electric meters support more efficient utility expense management.
Building Details
Building Size
12,874 SF
Units
13
Listed By:
Tyler Sarter · License #License(s): GA: 401639, MI: 6501468604
(248) 415-2604
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:13PM
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 Tyler Sarter
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Investment Insights
Based on property information with market context.
This renovated 13-unit apartment property in Detroit is configured with three-level residences. Each apartment has two bedrooms and one bathroom, with water and electric service metered individually.
The property is in Southwest Detroit, near the Mexicantown neighborhood and established retail, dining, and residential corridors.
The property is in Southwest Detroit, near the Mexicantown neighborhood and established retail, dining, and residential corridors.
Key Highlights
- 13 apartment units, each arranged across three levels
- Two bedrooms and one bathroom in every unit
- Water and electric service are separately metered
Property Analytics
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Lease Details
13
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 48209, MI
27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with condo-style residences and separately metered water and electric service.
Where is this apartment building located?
The property is located at 764 Woodmere St Detroit, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 13 apartment units, each arranged across three levels; Two bedrooms and one bathroom in every unit; Water and electric service are separately metered
