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    Brick 8-Unit Multifamily Building
    Updated: Apr 16
    Brick 8-Unit Multifamily Building

    13660 Ohio Street, Detroit, MI 48238

    $675,000
    5,832 sqft 0.28 AC lot
    Brick 8‑unit multifamily building with 100% occupancy and all units updated and leased
    Eight two‑bedroom, one full bathroom units
    Each unit has its own forced‑air furnace
    Tenants pay electrical and gas; landlord pays water
    0.28‑acre lot with 5,832 SF building size
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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

      9.1%
      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 Apartment Building
    Updated: Jun 15
    Fully Renovated Apartment Building

    13233 La Salle Boulevard, Detroit, MI 48238

    $999,999
    9,000 sqft 0.20 AC lot
    18‑unit apartment building
    Mix of one- and two‑bedroom units
    Approximately 50% occupied; collect rents Day 1
    0.2‑acre lot and approximately 9,000 SF building
    Forced‑air heating with public water
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    Art Deco Apartment Building
    Art Deco Apartment Building

    15523 Mack Avenue, Detroit, MI 48224

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

    20-unit mixed-use building with 18 residential units and 2 commercial spaces, built in 1929.

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    Brick Multifamily Redevelopment Portfolio
    Brick Multifamily Redevelopment Portfolio

    18029 SCHOENHERR Street, Detroit, MI 48205

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

    Portfolio of six brick multifamily properties sold together, including one fully renovated, occupied building and five with rehab underway.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    30-Unit Apartment Building
    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 Multi-Family Portfolio with Rehab
    Brick Multi-Family Portfolio with Rehab

    14296 Glenwood Street, Detroit, MI 48205

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

    Zoned multi-family with brick construction and forced-air heating, offered as a six-property portfolio sold together only.

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    Six-Property Multifamily Portfolio
    Six-Property Multifamily Portfolio

    14299 Fordham Street, Detroit, MI 48205

    $2,999,999
    10,310 sqft 0.09 AC lot

    Six multifamily buildings in a portfolio sale; brick construction with forced-air heat, public water, built in 1928.

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    Mixed-Use Retail and Apartments
    Mixed-Use Retail and Apartments

    14318 E Jefferson Avenue, Detroit, MI 48215

    $749,900
    5,874 sqft 0.16 AC lot

    Multi-tenant building with three commercial storefronts and two upper apartments, including a vacant restaurant unit with kitchen equipment.

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    48-Unit Multifamily Apartment Community
    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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    Apartment Building Portfolio Package
    Apartment Building Portfolio Package

    10820 SCHOOLCRAFT Street, Detroit, MI 48238

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

    Multi-family portfolio sold as a single package of six apartment buildings, including one fully renovated and occupied property.

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    Turnkey 8-Unit Multifamily Investment
    Turnkey 8-Unit Multifamily Investment

    13660 Ohio Street, Detroit, MI 48238

    $675,000
    5,832 sqft

    Turnkey 8-unit property with updated 2-bedroom units, each with its own furnace, and currently 100% occupied.

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    Nine-Unit Townhouse-Style Multifamily Building
    Nine-Unit Townhouse-Style Multifamily Building

    1197 VIRGINIA PARK Street, Detroit, MI 48202

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

    Nine-unit townhouse-style multifamily with all units occupied and a mix of 2, 4, and 5-bedroom homes.

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    Six-Property Brick Multifamily Portfolio
    Six-Property Brick Multifamily Portfolio

    18036 SCHOENHERR Street, Detroit, MI 48205

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

    Six multifamily buildings in Detroit zoned multi-family, with public water and brick construction, sold together as a single package.

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    Two-Story Office Building
    Two-Story Office Building

    2600 Cochrane St, Detroit, MI 48216

    $1,599,999
    12,800 sqft

    Two-story office building with an open floor plan on both levels and recent windows, roof, and MEP system upgrades.

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    Completely Renovated Duplex
    Completely Renovated Duplex

    2080 Gladstone Street, Detroit, MI 48206

    $595,000
    4,852 sqft 0.28 AC lot

    Completely renovated duplex on a fenced lot with central air, forced-air heat, and in-unit laundry for both units.

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    Brick Apartment Building with 60 Units
    Brick Apartment Building with 60 Units

    15860 Joy Road, Detroit, MI 48228

    $3,900,000
    48,336 sqft 1.72 AC lot

    Brick 60-unit multifamily property with 100% occupancy, renovated interiors, and updated systems throughout on a 1.72-acre lot.

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    Value-Add Multifamily Building
    Value-Add Multifamily Building

    3760 W Chicago, Detroit, MI 48206

    $325,000
    11,876 sqft 0.23 AC lot

    Multifamily building configured for 16 units, with newer roof, dry basement, and City-approved stamped plans.

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    8-Unit Fully Renovated Multifamily Building
    8-Unit Fully Renovated Multifamily Building

    7430 Alaska, Detroit, MI 48204

    $425,000
    5,160 sqft 0.10 AC lot

    Brick 8-unit multifamily with renovated interiors, updated plumbing, and extensive exterior and systems improvements.

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    Multi-Family Apartment Building with 168 Units
    Multi-Family Apartment Building with 168 Units

    24224 Seven Mile West, Detroit, MI 48219

    $7,990,000
    186,800 sqft 2.77 AC lot

    Three-story apartment building on 2.77 acres offering 168 units configured with 1- and 2-bedroom options.

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    Sixteen-Unit Apartment Building
    Sixteen-Unit Apartment Building

    19131 Lahser Road, Detroit, MI 48219

    $900,000
    15,106 sqft 0.35 AC lot

    Brick 16-unit apartment building with 12 occupied units and forced-air heating on a 0.35-acre lot.

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    Mixed-Use Brick Apartment Building
    Mixed-Use Brick Apartment Building

    6494 Iroquois Street Unit SourceFi, Detroit, MI 48213

    $169,999
    10,680 sqft

    Three-story brick building with six commercial spaces and ten residential units, currently vacant and requiring full renovation.

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    Apartment Building Portfolio Package
    Apartment Building Portfolio Package

    18055 Schoenherr Street, Detroit, MI 48205

    $2,999,999
    32,604 sqft 0.17 AC lot

    Portfolio sale of six multifamily properties in a single transaction under Multi-Family zoning.

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    Multi-Family Building with 3BR Units
    Multi-Family Building with 3BR Units

    3230 Richton St, Detroit, MI 48206

    $175,000
    5,000 sqft

    Over 5,000-square-foot multifamily property with three-bedroom, one-bath units, offering a renovation-focused investment fit.

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    Quadplex with New Tear-Off Crown Roof
    Quadplex with New Tear-Off Crown Roof

    5319 Ivanhoe Street, Detroit, MI 48204

    $335,000
    4,000 sqft 0.16 AC lot

    Multi-family quadplex with four remodeled two-bedroom units, upgraded windows, and a brand new tear-off roof.

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    Franklin, MI Residential Income Properties Market Trends and Statistics

    Explore 791 residential income properties for sale in Franklin, MI, showcased through 791 active listings on our real estate platform. These investment opportunities span a total of 2,959,447 square feet of properties for sale, with an estimated market value of $272,015,029.

    Sale prices for residential income properties in Franklin, MI start at $30,000, averaging $395,946, and reaching up to $11,900,000 — 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

    Single family properties 1

    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)

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    Most Searched ZIP Codes in Franklin, MI

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

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