Farmington Hills, MI Residential Income Properties for Sale

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Farmington, MI Southfield, MI Livonia, MI

Updated: Apr 25, 2024

Mixed-Use Building with Commercial Space

29222 Grand River Ave, Farmington Hills, MI

$1,750,000

9,388 sqft · 0.31 AC lot

Mixed‑use building with 9 apartments and a 5,400SF commercial space.
Nine 1‑bedroom, 1‑bathroom apartments.
Investment opportunity with potential rental income from residential and commercial units.
One of two steam boilers recently replaced in 2023.
All apartments include kitchens and small living rooms.

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This listing looks promising.

Here's a quick look at some key insights for

29222 Grand River Ave, Farmington Hills, MI

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Est. Cap Rate

5.4%
NOI ÷ price
Est. NOI

$95K
Annual
Mortgage

$772K
Feb 2022
Last Sold

Feb 2022
$965K
Property Type

Retail Stores
Built 1950

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Updated: Jun 12

Residential Development Land with Pond

23775 Inkster Road, Farmington Hills, MI 48336

$699,900

5.91 AC lot

5.91‑acre private wooded lot with a small pond toward the front (pond waterfront feature).
Builder/investor potential to build nine (9) homes; original site plan and survey approved by the City in 2006.
City water and city sewer hook‑up available at the street; existing well and septic tank on‑site.
Two combined lots: 5 acres plus 0.91 acres for a total of 5.91 acres.
Existing home offers 3 bedrooms and 3 bathrooms; sold as‑is and needs updating.

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Zoned Mobile Home Park Property

28730 GRAND RIVER Ave, Farmington Hills, MI 48336

$525,000

21-unit mobile home community with utility hookups and well-kept grounds, providing a straightforward residential income asset.

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All-Brick Four-Unit Multifamily Building

30812 Fink Ave, Farmington Hills, MI 48336

$379,900

0.18 AC lot

Four-unit multifamily property in a residential area, close to amenities.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 4 Active listings in Farmington Hills, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, 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.

Farmington Multi-Family Investment Opportunity

30812 Fink Avenue, Farmington, MI 48336

$379,900

2,942 sqft · 0.18 AC lot

All-brick four-unit building in a desirable residential area.

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Farmington Multifamily Property for Sale

31715 West Nine Mile Road, Farmington, MI 48336

$400,000

Multifamily property available in Farmington, Michigan.

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Southfield Townhouse with Finished Basement

21663 N HIDDEN RIVERS Drive, Southfield, MI 48075

$155,000

2,002 sqft

Three-bedroom townhouse near university, schools, and civic center.

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Southfield Apartment Building Portfolio

26717 Berg Rd, Southfield, MI 48033

Contact for pricing

280,000 sqft

Apartment building portfolio in Southfield's thriving rental market.

$53,000

0.23 AC lot

Buildable residential lot in a quiet, secluded Southfield location.

Value Estimation by Request

3.65 AC lot

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Farmington Hills, MI Residential Income Properties Market Trends and Statistics

Explore 9 residential income properties for sale in Farmington Hills, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,388 square feet of properties for sale, with an estimated market value of $1,750,000.

Sale prices for residential income properties in Farmington Hills, MI start at $1,750,000, averaging $1,750,000, and reaching up to $1,750,000 — 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

Demographics Overview

Population 92K

Population Growth (5Y) +3.0%

Median Household Income $99,578

College Educated 57.6%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
Farmington - 48336	$661.6K

Listings Trend

New vs delisted commercial listings in Oakland County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

Retail

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Farmington Hills fall within the 100,000+ square foot range.

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Farmington Hills, MI Residential Income Properties for Sale

29222 Grand River Ave, Farmington Hills, MI

23775 Inkster Road, Farmington Hills, MI 48336

28730 GRAND RIVER Ave, Farmington Hills, MI 48336

30812 Fink Ave, Farmington Hills, MI 48336