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    Richmond, MI
    Multifamily

    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

    $2,415,000
    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
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    Riverfront Duplex
    Riverfront Duplex

    451 S Water St, Marine City, MI 48039

    $599,000
    2,417 sqft

    Outdoor improvements include a stone water feature, fire pit, and space for gatherings along the river.

    View details
    Updated Three-Unit Triplex
    Updated Three-Unit Triplex

    40 Ahrens Street, Mount Clemens, MI 48043

    $349,900
    2,134 sqft 0.18 AC lot

    Fully occupied triplex with varied unit sizes, refreshed interiors, certified rental units, and separately metered gas and electric.

    View details
    Victorian Duplex with Garage
    Victorian Duplex with Garage

    Mount Clemens, MI 48043

    $250,000
    2,572 sqft 0.34 AC lot

    Two-unit property with flexible occupancy, updated elements, basement storage, and substantial outdoor space.

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    Condo Near Hall Road, I-94
    Condo Near Hall Road, I-94

    124 mark, Macomb, MI 48043

    Contact for pricing

    Condo with new flooring, fireplace, basement, and fenced backyard.

    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 16,668 square feet of properties for sale, with an estimated market value of $3,064,900.

    Sale prices for multifamily properties in Richmond, MI start at $649,900, averaging $1,532,450, and reaching up to $2,415,000 — 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 $1.6M

    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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    Office

    Residential Income

    How Realmo verifies these figures

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