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    Detroit Multifamily Investment Opportunity
    Updated: Apr 16
    Detroit Multifamily Investment Opportunity

    13660 Ohio Street, Detroit, MI 48238

    $725,000
    5,832 sqft 0.28 AC lot
    Brick multifamily built in 1927 with forced‑air heating and public water service
    8‑unit rental property with 100% occupancy and all units updated and leased
    Unit mix: eight 2‑bedroom units with 1 full bathroom each
    Current income of $1,000 per month per unit
    Each unit has its own furnace
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    This listing looks promising.

    Here's a quick look at some key insights for

    13660 Ohio Street, Detroit, MI 48238

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $61K
      Annual

    • Price @ 7% Cap

      $874K
      Above asking

    • Property Type

      Residential Income
      Built 1927
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    Three-Unit Residential Income Property
    Updated: Jul 7
    Three-Unit Residential Income Property

    316 Huron Street, Traverse City, MI 49686

    $550,000
    2,636 sqft 0.34 AC lot
    Duplex plus separate non‑conforming cottage (3 income‑producing units) with gross rental income of $4,790 per month
    Unit A (main level): 3 bedrooms, 1 bath, and attached two‑car garage
    Unit B (upper level): 2 bedrooms, 1 bath, in‑unit laundry, and private deck
    Unit C (cottage, non‑conforming): 1 bedroom and 1 bath
    Interior features include foyer entrance and mud room; appliances include refrigerator, oven/range, dishwasher, washer, and dryer
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    Mixed-Use Pub with Apartment
    Mixed-Use Pub with Apartment

    31 Trimountain Avenue, South Range, MI 49965

    $579,000
    3,552 sqft 0.39 AC lot

    Renovated commercial building with a pub and an upstairs three-bedroom, two-bath unit used as a short-term rental.

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    7-Unit Apartment Building
    7-Unit Apartment Building

    3467 S Summerton Road, Mt Pleasant, MI 48858

    $524,900
    5,600 sqft 1.50 AC lot

    Well-maintained 7-unit building with updated interiors, including four two-bedroom and three one-bedroom apartments.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    505 Wildwood Avenue, Jackson, MI 49201

    $550,000
    6,357 sqft 0.30 AC lot

    Four-level historic property with preserved original details, updated systems, and flexible zoning for multiple income and business uses.

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    10-Unit Multifamily Apartment Building
    10-Unit Multifamily Apartment Building

    42280 Willson Memorial Drive, Chassell, MI 49916

    $640,000
    8,184 sqft 1.03 AC lot

    A renovated, smoke-free 10-unit apartment property with coin laundry, tenant-controlled HVAC, and extensive parking.

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    Brick Four-Unit Multi-Family Building
    Brick Four-Unit Multi-Family Building

    725 Clark Street, Brighton, MI 48116

    $700,000
    3,700 sqft 0.46 AC lot

    Four remodeled rental units, each with air conditioning and appliances, plus shared basement laundry in a low-maintenance brick exterior.

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    10-Unit Apartment Building on US-41
    10-Unit Apartment Building on US-41

    42280 Willson Memorial Drive, Chassell, MI 49916

    $640,000
    8,184 sqft 1.03 AC lot

    10-unit apartment building with studio through two-bedroom units, updated interiors, parking, coin laundry, and sprinkler system.

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    Versatile Commercial/Residential Property on US-31
    Versatile Commercial/Residential Property on US-31

    480 E Parkdale Avenue, Manistee, MI 49660

    $1,325,000
    9,500 sqft 1.27 AC lot

    Multi-use commercial and residential property with high visibility.

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    15-Unit Multifamily Apartment Building
    15-Unit Multifamily Apartment Building

    1019 E Broadway Street, Mt Pleasant, MI 48858

    $969,900
    13,200 sqft 1.35 AC lot

    15-unit multifamily property with access to key employment and entertainment drivers near major regional transportation.

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    Vacation Rental Cabin Property
    Vacation Rental Cabin Property

    Free Soil, MI 49411

    $565,000
    3,001 sqft 2.33 AC lot

    Seven private-bath vintage cabins on US-31, positioned for short-term stays with an on-site larger cabin setup.

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    Fully Renovated 18-Unit Apartment Building
    Fully Renovated 18-Unit Apartment Building

    13233 La Salle Boulevard, Detroit, MI 48238

    $999,999
    9,000 sqft 0.20 AC lot

    An 18-unit brick multifamily property offering renovated 1- and 2-bedroom units with current occupancy for immediate income potential.

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    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    405 W Main Street, Ionia, MI 48846

    $700,000
    11,386 sqft 0.21 AC lot

    Fully leased mixed-use building with street-level retail and five second-floor apartments, plus recent roof improvements.

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    Updated 4-Unit Residential Quadplex
    Updated 4-Unit Residential Quadplex

    1627 Rasho Road, Traverse City, MI 49696

    $849,000
    5,008 sqft 1.10 AC lot

    Four updated units with shared entry and common laundry, plus detached garage and outdoor space on over an acre.

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    Mixed-Use Investment with Apartments
    Mixed-Use Investment with Apartments

    101 N Lowell Street, Ironwood, MI 49938

    $599,000
    13,062 sqft 1.44 AC lot

    Three-story brick apartment building plus an adjacent mixed-use building with commercial space and a second-floor apartment.

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    Otsego Lake Multifamily Cottage Property
    Otsego Lake Multifamily Cottage Property

    3551 W Otsego Lake Drive, Gaylord, MI 49735

    $895,000
    3,169 sqft 2.40 AC lot

    Unique multifamily property on Otsego Lake with rental history.

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    Mixed-Use Corner Lot Property
    Mixed-Use Corner Lot Property

    1970 N Evergreen Drive, White Cloud, MI 49349

    $1,100,000
    7,000 sqft 2.37 AC lot

    Turnkey two-property package with updated interiors and income-producing residential and business spaces along M-37.

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    Waterfront Residential Income Property
    Waterfront Residential Income Property

    9661 Lake Street, Ellsworth, MI 49729

    $1,649,000
    4,736 sqft 53.00 AC lot

    Renovated multi-unit estate with private lake frontage, offering flexible residential income use on a large acreage parcel.

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    Turn-Key Multifamily Investment Opportunity
    Turn-Key Multifamily Investment Opportunity

    51 SPOKANE Drive, Pontiac, MI 48341

    $1,900,000
    12,746 sqft 1.15 AC lot

    Profitable 18-unit apartment complex with recent renovations and strong income potential.

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    Four-Unit Lakeside Resort Property
    Four-Unit Lakeside Resort Property

    229 E Lake Emily Road, Crystal Falls, MI 49920

    $519,900
    2,276 sqft 1.59 AC lot

    Four rental units with 202 feet of sandy lake frontage, plus a permanent pier and guest-ready fishing utilities.

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    Stabilized Multifamily Community in Fenton
    Stabilized Multifamily Community in Fenton

    13366 North Rd, Fenton, MI 48430

    $1,551,000
    5,184 sqft 1.70 AC lot

    12-unit apartment community with immediate cash flow and growth potential.

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    Mixed-Use Building in Downtown Douglas
    Mixed-Use Building in Downtown Douglas

    98 W Center Street, Douglas, MI 49406

    $1,490,000
    4,548 sqft 0.20 AC lot

    Three-story commercial/residential building with income potential in downtown Douglas.

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    Mixed-Use Building with Ground-Floor Retail
    Mixed-Use Building with Ground-Floor Retail

    209-219 E Main Street, Benton Harbor, MI 49022

    $1,300,000
    20,380 sqft 0.23 AC lot

    Mixed-use building with four ground-floor retail units and eight upstairs apartments.

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    Mixed-Use Building with Storefronts
    Mixed-Use Building with Storefronts

    14318 E Jefferson Avenue, Detroit, MI 48215

    $749,900
    5,874 sqft 0.16 AC lot

    Five-unit style mixed-use building includes three storefronts and two upper apartments, with a ready-to-operate restaurant space.

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    Michigan Residential Income Properties Market Trends and Statistics

    Explore 2156 residential income properties for sale in Michigan, showcased through 2156 active listings on our real estate platform. These investment opportunities span a total of 6,456,902 square feet of properties for sale, with an estimated market value of $623,926,242.

    Sale prices for residential income properties in Michigan start at $30,000, averaging $546,345, and reaching up to $25,000,000 — 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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