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    Ray, MI Multifamily Properties for Sale

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    Mixed-Use Building in Ray, MI
    $375,000
    3,752 SF

    Mixed-Use Building in Ray, MI

    21710 29 Mile Rd, Ray, MI 48096

    Two apartments plus commercial space in high-traffic area.

    • High CAP Rate (8% or more) with potential for increased rental income.
    • Versatile lower level: Can be used as living quarters or converted to business use (store, retail, office).
    • Two spacious 2‑bedroom apartments provide steady rental income.
    • Prime location with high traffic counts and high visibility.
    • Land contract available.
    Updated: Dec 14, 2025
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    Mixed-Use Building in Ray, MI
    $375,000
    3,752 SF

    Mixed-Use Building in Ray, MI

    21710 29 Mile Rd, Ray, MI 48096

    Two-story, three-unit building with business potential in Ray, MI.

    • 8% or more CAP Rate (current rent below area average)
    • Prime location with high traffic and visibility
    • Three units: two 2‑bed/1‑bath apartments (938 sqft each) and a large lower level (1876 sqft)
    • Lower level suitable for business use (store, retail, office, etc.) or living quarters
    • Each unit has a private entrance
    Updated: Dec 14, 2025
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ray, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Vacant Land Ideal for Development
    $374,989
    8.22 Acres

    Vacant Land Ideal for Development

    8.22 acre parcel approved for 48-96 unit apartment complex.

    Gratiot Vacant, New Haven, MI 48048
    View details
    Vacant Land in New Haven, MI
    $999,795
    8.22 Acres

    Vacant Land in New Haven, MI

    Land for a 96-unit luxury rental community with high ROI.

    Gratiot Vacant, New Haven, MI 48048
    View details
    Richmond Multi-Family Investment Opportunity
    $575,000
    4,662 SF

    Richmond Multi-Family Investment Opportunity

    Fully occupied five-unit property near Downtown Richmond.

    70190 Main St, Richmond, MI 48062
    View details
    Four-Unit Multifamily Investment Opportunity
    Pending
    $225,000
    0.21 Acres

    Four-Unit Multifamily Investment Opportunity

    Four units on Main Street in prime rental location.

    70550 Main St, Richmond, MI 48062
    View details

    Ray, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Ray, MI on our real estate platform. These investment opportunities span a total of 56,628 square feet of properties for sale, with an estimated market value of $750,000.

    Prices for multifamily properties in Ray, MI start at $375,000, averaging $375,000, and reaching up to $375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Most Searched ZIP Codes in Ray, MI

    • 48096

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