Franklin, MI Residential Income Properties for Sale

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Updated: Aug 12

Brick Quadplex with Off-Street Parking

681 W Canfield Street, Detroit, MI 48201

$1,000,000

7,000 sqft 0.10 AC lot

Four‑unit multifamily property with four two‑bedroom apartments
Approximately 7,000 square feet on a 0.1‑acre lot
Built in 1910; brick construction with newer roof, gutters, windows, and updated plumbing
Three of four units are occupied; three units have private laundry
Separate gas and electric meters with modern mechanical systems

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Updated: Aug 28

Mixed-Use Building with Storefronts

14318 E Jefferson Avenue, Detroit, MI 48215

$749,900

5,874 sqft 0.16 AC lot

5,874‑square‑foot mixed‑use building on a 0.16‑acre lot
Three commercial storefronts, each approximately 1,000 square feet
Private basement storage provided for each retail suite
Restaurant space includes commercial kitchen equipment and tables
Two 1,425‑square‑foot, two‑bedroom upper‑level apartments

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Historic Queen Anne Quadplex

669 W Canfield Street, Detroit, MI 48201

$1,450,000

5,687 sqft 0.22 AC lot

Four-unit residential income property with a renovated carriage house, private driveway, backyard, and extensive system upgrades.

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Mixed-Use Building with Storefronts

14318 E Jefferson Ave, Detroit, MI 48215

$749,900

5,874 sqft

The property combines three commercial spaces, restaurant improvements, and two upper-level apartments.

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Tenant-Occupied Multifamily Portfolio

15805 Lahser Road, Detroit, MI 48223

$1,150,000

1,296 sqft 0.10 AC lot

Residential portfolio combining occupied properties with recent renovations and public water service.

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20-Unit Mixed-Use Apartment Building

15523 Mack Avenue, Detroit, MI 48224

$1,000,000

14,592 sqft 0.17 AC lot

Brick Art Deco property with residential and commercial space, public water, fenced grounds, and steam and radiant heating.

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Eight-Unit Apartment Building

13660 Ohio Street, Detroit, MI 48238

$600,000

5,832 sqft 0.28 AC lot

Fully occupied two-story property with updated units and separate furnaces serving each apartment.

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Apartment Building with Renovation Underway

3017 W Buena Vista St, Detroit, MI 48238

$799,000

29,726 sqft 0.37 AC lot

Renovation work has begun in part of this vacant multifamily property, with the balance still requiring work.

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Six-Building Apartment Portfolio

14299 Fordham Street, Detroit, MI 48205

$2,999,999

10,310 sqft 0.09 AC lot

Portfolio combines an occupied room-rental property with five multifamily buildings at varying stages of rehabilitation and security.

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Multifamily Apartment Portfolio

14296 Glenwood Street, Detroit, MI 48205

$2,999,999

9,744 sqft 0.17 AC lot

Six Detroit apartment properties are offered together, including one occupied bed-rental asset and five buildings at varying rehabilitation stages.

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Four-Unit Apartment Building

1451 Livernois Ave, Detroit, MI 48209

$750,000

8,000 sqft

Well-maintained multifamily property with separate entrances and dedicated mechanical systems for each residence.

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Apartment Building Portfolio

18029 SCHOENHERR Street, Detroit, MI 48205

$2,999,999

6,702 sqft 0.11 AC lot

Six Detroit multifamily properties are offered together in one portfolio transaction.

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Six-Property Apartment Building Portfolio

10820 SCHOOLCRAFT Street, Detroit, MI 48238

$2,999,999

8,516 sqft 0.09 AC lot

Six Detroit assets combine one operating room-rental property with five buildings at different rehabilitation stages.

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Historic Four-Unit Queen Anne Property

669 W Canfield St, Detroit, MI 48201

$1,450,000

5,812 sqft

Queen Anne residence with a modernized carriage house, private driveway, and approved plans for additional attic space.

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30-Unit Brick Apartment Building

18036 SCHOENHERR Street, Detroit, MI 48205

$2,999,999

16,860 sqft 0.30 AC lot

Portfolio sale includes six Detroit multifamily properties with one renovated, occupied room-rental asset and five redevelopment projects.

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Six-Unit Apartment Building

9609 Dexter Avenue, Detroit, MI 48206

$200,000

5,830 sqft 0.11 AC lot

The three-story property offers varied unit layouts, including loft-style residences and a first-floor space with alternate configuration potential.

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Fenkell Apartments 48-Unit Building

23411 Fenkell Ave, Detroit, MI 48223

$2,640,000

54,309 sqft 2.27 AC lot

Gated apartment community with a landscaped courtyard, rebuilt balconies, and on-site parking.

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8-Unit Brick Apartment Building

1451 Livernois Avenue, Detroit, MI 48209

$750,000

8,000 sqft 0.18 AC lot

Eight two-bedroom residences offer separate entrances along with individual furnaces and water tanks.

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30-Unit Apartment Building

21124 Schoolcraft, Detroit, MI 48223

$1,650,000

19,500 sqft 0.42 AC lot

1968-built, B4-zoned 30-unit apartment property with one-bedroom units, on-site parking, and immediate access to I-96 and M-39.

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Brick Quadplex with Expansion Space

3238 McClellan Street, Detroit, MI 48214

$315,000

5,724 sqft

Residentially zoned four-unit building with a two-bedroom and one-bedroom unit mix, attic access, and basement egress.

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9-Unit Multifamily Building

47424754 4742-4754 Anthony Wayne Dr, Detroit, MI 48201

$2,100,000

12,658 sqft

Historic rental property near Wayne State University, the Medical Center, and Midtown Detroit demand drivers.

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Three-Unit Mixed-Use Building

2683 Crane Street, Detroit, MI 48214

$295,900

4,516 sqft 0.06 AC lot

First-floor commercial space pairs with two one-bedroom apartments and a rear lot zoned for commercial use.

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48-Unit Multifamily Apartment Community

23411 Fenkell, Detroit, MI 48223

$2,640,000

54,309 sqft 2.27 AC lot

48-unit apartment community on 2.27 acres with separate electric metering, refurbished boilers, and rebuilt balconies.

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Renovated Brick Duplex

2080 Gladstone Street, Detroit, MI 48206

$595,000

4,852 sqft 0.28 AC lot

Two spacious four-bedroom units offer updated kitchens, in-unit laundry, and shared basement storage.

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Franklin, MI Residential Income Properties Market Trends and Statistics

Explore 777 residential income properties for sale in Franklin, MI, showcased through 777 active listings on our real estate platform. These investment opportunities span a total of 3,207,404 square feet of properties for sale, with an estimated market value of $239,330,513.

Sale prices for residential income properties in Franklin, MI start at $30,000, averaging $335,196, and reaching up to $7,990,000 — 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 15K

Population Growth (5Y) -0.8%

Median Household Income $177,126

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
48025	$800K

Taxes & Financing

Tax Rate (average for all types) 3.05%

Property Tax per SF $40.36 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)

Average Property Price per SF

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

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Residential Income

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