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    Detroit, MI Residential Income Properties for Sale

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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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    Fully Renovated 18-Unit Apartment Building
    Updated: Jun 15
    Fully Renovated 18-Unit Apartment Building

    13233 La Salle Boulevard, Detroit, MI 48238

    $999,999
    9,000 sqft · 0.20 AC lot
    18‑unit apartment building, mix of 1- and 2‑bedroom units
    Fully renovated building
    Approximately 50% occupied; collect rents Day 1 while filling remaining units
    Year built 1927
    Vinyl construction materials with forced‑air heating
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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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    Six-Property Multifamily Portfolio
    Six-Property Multifamily Portfolio

    18036 SCHOENHERR Street, Detroit, MI 48205

    $2,999,999
    16,860 sqft · 0.30 AC lot

    Six multifamily buildings sold together, including one fully renovated and occupied unit with five others prepared for redevelopment.

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    Multifamily Portfolio for Sale
    Multifamily Portfolio for Sale

    18029 SCHOENHERR Street, Detroit, MI 48205

    $2,999,999
    6,702 sqft · 0.11 AC lot

    Six multifamily properties are offered together, with one fully renovated and occupied and five in cleared, secured condition.

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    Multifamily Portfolio Package
    Multifamily Portfolio Package

    14296 Glenwood Street, Detroit, MI 48205

    $2,999,999
    9,744 sqft · 0.17 AC lot

    Six Detroit multifamily properties sold together, mixing an occupied renovated asset with multiple buildings ready for further renovation.

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    Detroit Multifamily Investment Opportunity
    Detroit Multifamily Investment Opportunity

    10400 Whittier Street, Detroit, MI 48224

    $500,000
    10,222 sqft · 0.21 AC lot

    16-unit apartment building with value-add potential in Detroit.

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    Art Deco Mixed-Use Apartment Building
    Art Deco Mixed-Use Apartment Building

    15523 Mack Avenue, Detroit, MI 48224

    $1,000,000
    14,592 sqft · 0.17 AC lot

    Mixed-use asset with 18 residential units and 2 commercial spaces on Mack Avenue.

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    Multifamily Portfolio Redevelopment
    Multifamily Portfolio Redevelopment

    10820 SCHOOLCRAFT Street, Detroit, MI 48238

    $2,999,999
    8,516 sqft · 0.09 AC lot

    Portfolio sale of six multifamily properties in Detroit, including a fully renovated occupied asset and multiple secured, rehab-ready buildings.

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    32-Unit Apartment Building
    32-Unit Apartment Building

    14440 Frankfort Street, Detroit, MI 48224

    $800,000
    32,934 sqft · 0.75 AC lot

    32-unit mix of one- and two-bedroom apartments with 2021 exterior and systems updates and renovated kitchens.

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    Detroit Multifamily Property with Parking
    Detroit Multifamily Property with Parking

    268 Marston Street, Detroit, MI 48202

    $529,900
    4,838 sqft · 0.13 AC lot

    Four-unit building with parking lot in Detroit's North End.

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    Detroit Multifamily Investment Opportunity
    Detroit Multifamily Investment Opportunity

    1197 VIRGINIA PARK Street, Detroit, MI 48202

    $1,075,000
    11,100 sqft · 0.32 AC lot

    Well-maintained 9-unit property in desirable Virginia Park neighborhood.

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    16-Unit Apartment Building
    16-Unit Apartment Building

    19131 Lahser Road, Detroit, MI 48219

    $900,000
    15,106 sqft · 0.35 AC lot

    Detroit, MI 16-unit income property with 12 units occupied and remaining units available for lease-up.

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    Four-Unit Rental Property
    Four-Unit Rental Property

    5319 Ivanhoe Street, Detroit, MI 48204

    $350,000
    4,000 sqft · 0.16 AC lot

    Four recently remodeled two-bedroom units with extensive major systems upgrades and a new tear-off roof.

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    Renovated Brick Duplex For Sale
    Renovated Brick Duplex For Sale

    2509 Gladstone Street, Detroit, MI 48206

    $299,900
    3,008 sqft · 0.11 AC lot

    Fully vacant, renovated duplex with two separate 3BR/1BA units, updated major systems, and detached 2-car garage.

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    Value-Add Duplex With Two Units
    Value-Add Duplex With Two Units

    895 Blaine Street, Detroit, MI 48202

    $250,000
    2,502 sqft · 0.10 AC lot

    Duplex for sale with one unit remodeled and rent-ready, plus a second unit suited for renovation.

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    Turnkey Renovated Brick Duplex
    Turnkey Renovated Brick Duplex

    5060 S Clarendon Street, Detroit, MI 48204

    $269,000
    2,800 sqft · 0.10 AC lot

    Fully renovated brick duplex with identical 3-bedroom units and a finished attic with its own bathroom.

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    Turnkey Renovated Duplex
    Turnkey Renovated Duplex

    3273 Cortland Street, Detroit, MI 48206

    $260,000
    2,700 sqft · 0.10 AC lot

    Fully renovated 3-bedroom, 1-bath duplex with separate utilities, fenced yard, and current lease for rental income.

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    Corner-Lot Two-Family Brick Home
    Corner-Lot Two-Family Brick Home

    2900 Taylor Street, Detroit, MI 48206

    $120,000
    2,712 sqft · 0.10 AC lot

    Two separate units each offer three bedrooms, one bath, formal dining, and living space with off-street parking.

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    Turnkey Duplex with Renovated Unit
    Turnkey Duplex with Renovated Unit

    13300 La Salle Boulevard, Detroit, MI 48238

    $179,900
    2,568 sqft · 0.10 AC lot

    Duplex with two 3-bedroom units, including a fully renovated vacant upper and a long-term Section 8 tenant in the lower.

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    Renovated Duplex Income Property
    Renovated Duplex Income Property

    3037 Calvert Street, Detroit, MI 48206

    $265,000
    3,022 sqft · 0.10 AC lot

    Fully renovated duplex with separate 3-bedroom and 4-bedroom units, offering flexible owner-occupant or rental use.

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    Brick 8-Unit Multifamily Building
    Brick 8-Unit Multifamily Building

    11744 Cascade Street, Detroit, MI 48204

    $499,999
    3,370 sqft · 0.07 AC lot

    Eight 1-bedroom units in a brick multifamily building with forced-air heat and public water/sewer service.

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    Multifamily Property with 3-Bed Units
    Multifamily Property with 3-Bed Units

    3230 Richton Street, Detroit, MI 48206

    $175,000
    5,040 sqft · 0.14 AC lot

    Multi-family building with multiple units featuring three full bedrooms and one bathroom each.

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    Two-Family Residential Building with Balcony
    Two-Family Residential Building with Balcony

    2015 Gladstone Street, Detroit, MI 48206

    $249,000
    3,240 sqft · 0.11 AC lot

    Fully occupied two-family offers renovated 3-bedroom units with a second-floor balcony and privacy-fenced yard.

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    Detroit, MI Residential Income Properties Market Trends and Statistics

    Explore 687 residential income properties for sale in Detroit, MI, showcased through 687 active listings on our real estate platform. These investment opportunities span a total of 2,125,631 square feet of properties for sale, with an estimated market value of $178,223,436.

    Sale prices for residential income properties in Detroit, MI start at $30,000, averaging $527,288, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 795
    Duplexes 522
    Apartment buildings 131
    Quadplexes 61
    Triplexes 29

    Demographics Overview

    Population 850K
    Population Growth (5Y) -4.2%
    Median Household Income $48,716
    College Educated 21.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    Highland Park $179K
    Grosse Pointe $182K
    Hamtramck $196K
    Detroit $406.3K
    Harper Woods $469.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.32%
    Property Tax per SF $36.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wayne County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Detroit fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Detroit, MI

    • 48206
    • 48238
    • 48204
    • 48227
    • 48224
    • 48205
    • 48202
    • 48213
    • 48214
    • 48221
    • 48215
    • 48207

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