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    Richmond, MI
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    Richmond, MI Multifamily Properties for Sale

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    Corner Medical Clinic with Apartments
    Updated: Jun 24
    Corner Medical Clinic with Apartments

    69206 N Main St, Richmond, MI 48062

    $649,900
    4,860 sqft
    Prominent downtown commercial corner with a light, bright first‑floor storefront and flexible B‑2 zoning
    Currently operating as a medical sports recovery clinic (Ste 1‑A) with commercial use allowed on the first 2 floors
    Five additional income‑generating apartments with leases in place
    High‑quality new front and rear doors with sidelights and transom updated in 2026
    Storefront window display style and curb‑appeal architecture, located in a historic walking downtown area
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    This listing looks promising.

    Here's a quick look at some key insights for

    69206 N Main St, Richmond, MI

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Price @ 7% Cap

      $728K
      Above asking

    • Property Type

      Multi-Family Dwellings
      Built 1920
    View Property Analytics
    25-Unit Multifamily Apartment Building
    Updated: Jul 25
    25-Unit Multifamily Apartment Building

    36984 Division Rd, Richmond, MI 48062

    $2,680,000
    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
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Richmond, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Duplex with Month-to-Month Tenancy
    Duplex with Month-to-Month Tenancy

    1502-1504 Connecticut Avenue, Marysville, MI 48040

    $219,900
    1,824 sqft 0.11 AC lot

    Two-unit duplex for sale with both units occupied on month-to-month leases, offering flexible ownership options.

    View details
    Updated Triplex Investment Property
    Updated Triplex Investment Property

    40 Ahrens Street, Mount Clemens, MI 48043

    $349,900
    2,134 sqft 0.18 AC lot

    Three-unit triplex with contemporary interior finishes and in-place city rental inspections.

    View details
    Updated Triplex Investment Opportunity
    Updated Triplex Investment Opportunity

    40 Ahrens St, Mount Clemens, MI 48043

    $349,900
    0.18 AC lot

    Well-maintained triplex with contemporary updates, currently at capacity.

    View details
    Manufactured Home in Mobile Park
    Manufactured Home in Mobile Park

    50 Mack Avenue, Unit 71, Marysville, MI 48040

    Contact for pricing
    900 sqft

    Manufactured home includes central air, stackable washer/dryer, and a newer 2025 sealed roof.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Expansive Land with Development Potential
    Expansive Land with Development Potential

    VL N Fleming Road, Fowlerville, MI 48836

    $6,900,000
    354.27 AC lot

    350+ acres of prime land with two scenic lakes.

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    Recreational Lot with Boat Slip
    Recreational Lot with Boat Slip

    831 S Main Street, Au Gres, MI 48703

    Contact for pricing
    0.01 AC lot

    Recreational condo lot at Sleepy Oaks Harbour with a boat slip for up to a 25' boat and associated trailer improvements.

    View details
    Eastlake Marina District Land
    Eastlake Marina District Land

    35783 Lake Shore Boulevard, Eastlake, OH 44095

    $765,000
    5.66 AC lot

    5.66 acres in Eastlake's Marina District, primed for development.

    View details
    Sanford Vacant Land with Utilities
    Sanford Vacant Land with Utilities

    978 timberlynn trail, Sanford, MI 48657

    Contact for pricing
    0.80 AC lot

    Two lots with water and electric hookups, lake access.

    View details

    Richmond, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Richmond, MI on our real estate platform. These investment opportunities span a total of 4,860 square feet of properties for sale, with an estimated market value of $3,329,900.

    Sale prices for multifamily properties in Richmond, MI start at $649,900, averaging $1,664,950, and reaching up to $2,680,000 — 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 $225K

    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

    Residential Income

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