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    Richmond, MI
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    Richmond, MI Multifamily Properties for Sale

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    Downtown Mixed-Use Building with Apartments
    Updated: Jul 26
    Downtown Mixed-Use Building with Apartments

    69206 N Main St, Richmond, MI 48062

    $649,900
    4,860 sqft
    4,860‑square‑foot mixed‑use building constructed in 1920
    Medical sports recovery clinic operating from Suite 1‑A
    Five additional apartments with leases in place
    B‑2 Downtown zoning allows commercial uses on the first two floors
    Front and rear doors with sidelights and transoms updated in 2026
    View details
    25-Unit Multifamily Apartment Building
    Updated: Jul 22
    25-Unit Multifamily Apartment Building

    36984 Division Rd, Richmond, MI 48062

    $2,490,000
    11,808 sqft
    Well‑maintained 25‑unit multifamily property built in 1982
    Currently 100% occupied with Net Operating Income (NOI) of $191,560
    Approximately 180 feet of road frontage on Division Road
    Easy access to M‑19 and surrounding communities
    Spacious units and ample parking plus a large lot
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    One-Bedroom Multifamily Unit
    One-Bedroom Multifamily Unit

    36980 Division Road, Richmond, MI 48062

    Contact for pricing
    700 sqft

    Section 8-available residence with water, lawn care, and snow removal included.

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    See what stands out in Macomb County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Richmond, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Occupied Duplex
    Occupied Duplex

    1502-1504 Connecticut Avenue, Marysville, MI 48040

    $219,900
    1,824 sqft 0.11 AC lot

    Two-unit property with both residences leased month to month, offering flexible occupancy arrangements.

    View details
    New 2-Unit Duplex Building
    New 2-Unit Duplex Building

    New Baltimore, MI 48047

    $838,800
    4,023 sqft

    Newly built duplex configuration with two separate residential units and model options available for review.

    View details
    Two-Unit Duplex with Garages
    Two-Unit Duplex with Garages

    New Baltimore, MI 48047

    $599,900
    3,372 sqft

    Well-configured duplex with private garages, multi-level interiors, fireplaces, patios, and first-floor primary suites.

    View details
    Marysville Condo with Carport
    Marysville Condo with Carport

    1875 Michigan #A12, Marysville, MI 48040

    $74,000

    Well-maintained 2-bedroom condo with carport near St. Clair River.

    View details

    Richmond, MI Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Richmond, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,368 square feet of properties for sale, with an estimated market value of $3,139,900.

    Sale prices for multifamily properties in Richmond, MI start at $649,900, averaging $1,569,950, and reaching up to $2,490,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2

    Demographics Overview

    Population 9,273
    Population Growth (5Y) -3.4%
    Median Household Income $75,763
    College Educated 35.8%

    High-Yield Neighborhoods for Investment

    Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48062 $1M

    Taxes & Financing

    Tax Rate (average for all types) 4.76%
    Property Tax per SF $84.02 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Macomb County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Macomb County

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