Franklin, MI Residential Income Properties for Sale

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Ecorse, MI Hamtramck, MI Highland Park, MI

717 listings

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$999,999

9,000 SF

Renovated 18-Unit Brick Apartment

13233 La Salle Boulevard, Detroit, MI 48238

Fully renovated building with 1- and 2-bedroom units, currently about half occupied, supporting immediate rent collection.

18‑unit fully renovated apartment building with recent updates throughout
Unit mix of 1- and 2‑bedroom apartments
Approximately 50% occupied; collect rents Day 1 while filling remaining units at market rates
Minutes to Wayne State University, Detroit Medical Center, and Midtown
Built in 1927 with forced‑air heating and public water

Updated: Jun 15

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Detroit Multifamily Investment Opportunity

$500,000

10,222 SF

Detroit Multifamily Investment Opportunity

10400 Whittier Street, Detroit, MI 48224

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

Value‑add opportunity through renovations and lease‑up.
16‑unit apartment building with a desirable unit mix, featuring 14 one‑bedroom and 2 two‑bedroom units.
Significant upside potential through improved operations and rent stabilization.
Ideal for investors seeking to increase cash flow in Detroit's multifamily market.
Brick construction.

Updated: May 21

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$725,000

5,832 SF

Detroit Multifamily Investment Opportunity

Turnkey 8-unit property in desirable Detroit neighborhood.

13660 Ohio Street, Detroit, MI 48238

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$749,900

5,874 SF

Mixed-Use Building with Storefronts

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

14318 E Jefferson Avenue, Detroit, MI 48215

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$2,999,999

16,860 SF

Six-Property Multifamily Portfolio

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

18036 SCHOENHERR Street, Detroit, MI 48205

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$2,999,999

6,702 SF

Multifamily Portfolio for Sale

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

18029 SCHOENHERR Street, Detroit, MI 48205

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$2,999,999

9,744 SF

Multifamily Portfolio Package

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

14296 Glenwood Street, Detroit, MI 48205

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$1,000,000

14,592 SF

Art Deco Mixed-Use Apartment Building

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

15523 Mack Avenue, Detroit, MI 48224

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$2,999,999

8,516 SF

Multifamily Portfolio Redevelopment

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

10820 SCHOOLCRAFT Street, Detroit, MI 48238

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$800,000

32,934 SF

32-Unit Apartment Building

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

14440 Frankfort Street, Detroit, MI 48224

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Detroit Multifamily Property with Parking

$529,900

4,838 SF

Detroit Multifamily Property with Parking

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

268 Marston Street, Detroit, MI 48202

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$1,075,000

11,100 SF

Detroit Multifamily Investment Opportunity

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

1197 VIRGINIA PARK Street, Detroit, MI 48202

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$1,075,000

16,546 SF

Detroit Multifamily Investment Opportunity

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

1197 VIRGINIA PARK Street, Detroit, MI 48202

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$375,000

4,000 SF

Remodeled Quadplex with New Roof

Four recently remodeled two-bedroom units with brand-new roof and upgraded mechanicals, currently leased to Section 8 tenants.

5319 Ivanhoe Street, Detroit, MI 48204

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$250,000

2,502 SF

Value-Add Duplex With Two Units

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

895 Blaine Street, Detroit, MI 48202

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$269,000

2,800 SF

Turnkey Renovated Brick Duplex

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

5060 S Clarendon Street, Detroit, MI 48204

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$266,000

2,700 SF

Turnkey Renovated Duplex

Completely renovated duplex with two 3-bedroom units, separate utilities, and exterior decks plus a newly built 2-car garage.

3273 Cortland Street, Detroit, MI 48206

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Detroit Mixed-Use Investment Opportunity

$1,000,000

10,344 SF

Detroit Mixed-Use Investment Opportunity

Mixed-use building with 20 units near Grosse Pointe.

15523 Mack Avenue, Detroit, MI 48224

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$179,900

2,568 SF

Turnkey Duplex with Renovated Unit

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

13300 La Salle Boulevard, Detroit, MI 48238

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$265,000

3,022 SF

Renovated Duplex Income Property

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

3037 Calvert Street, Detroit, MI 48206

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$499,999

3,370 SF

Brick 8-Unit Multifamily Building

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

11744 Cascade Street, Detroit, MI 48204

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$175,000

5,040 SF

Multifamily Property with 3-Bed Units

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

3230 Richton Street, Detroit, MI 48206

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Renovated Multifamily Property in Detroit

$220,000

2,750 SF

Renovated Multifamily Property in Detroit

Updated duplex near downtown Detroit, ideal for investors or owners.

2638 Cortland Street, Detroit, MI 48206

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$300,000

3,640 SF

Brick 4-Unit Residential Income

Solid brick four-unit property with updated mechanicals, each unit featuring two bedrooms and one bath.

1565 W Grand Boulevard, Detroit, MI 48208

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Franklin, MI Residential Income Properties Market Trends and Statistics

Explore 717 residential income properties for sale in Franklin, MI, showcased through 717 active listings on our real estate platform. These investment opportunities span a total of 2,021,851 square feet of properties for sale, with an estimated market value of $175,031,883.

Sale prices for residential income properties in Franklin, MI start at $30,000, averaging $530,399, 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

Demographics Overview

Population 15K

Population Growth (5Y) -0.8%

Median Household Income $177,126

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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