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    Melvindale, MI
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    Melvindale, MI Residential Income Properties for Sale

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    Two-Unit Duplex with Updated Interiors
    Updated: Apr 22, 2025
    Two-Unit Duplex with Updated Interiors

    2511 SCHAEFER Road, Melvindale, MI 48122

    $189,900
    2,000 sqft
    2,000‑square‑foot duplex built in 1941
    One vacant unit and one tenant‑occupied unit on a month‑to‑month basis
    Vacant unit features a new kitchen, refrigerator, updated bathroom, LVP flooring, paint, and repaired windows
    Vacant unit includes new electrical wiring, light fixtures, and door hardware
    Exterior improvements include new gutters, tree trimming, porch railings, and brickwork repairs
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Melvindale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Brick Two-Unit Investment Opportunity
    Brick Two-Unit Investment Opportunity

    776 WOODMERE St, Detroit, MI 48209

    $139,900
    0.16 AC lot

    Two-unit property with hardwood floors and fenced yard.

    View details
    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    1432 Charter St, Lincoln Park, MI 48146

    $264,800

    Three residential units with separate utility meters, all currently leased with long-term tenants in place.

    View details
    Brick Duplex with Fenced Yard
    Brick Duplex with Fenced Yard

    776 WOODMERE Street, Detroit, MI 48209

    $139,900
    1,966 sqft 0.16 AC lot

    Two occupied units offer matching layouts with hardwood floors and forced-air heating.

    View details
    Multifamily Property with Townhouse Units
    Multifamily Property with Townhouse Units

    1000 Montie Rd, Lincoln Park, MI 48146

    Contact for pricing

    The property includes individually heated units, private laundry, and tenant-paid electric, water, and gas service.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Lot in Boynton Neighborhood
    Vacant Lot in Boynton Neighborhood

    769 S Liddesdale Street, Detroit, MI 48217

    $30,000
    0.07 AC lot

    Vacant lot in Detroit's Boynton neighborhood, great investment opportunity.

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    Residential Vacant Lot in Lincoln
    Residential Vacant Lot in Lincoln

    2105 Morris Avenue, Lincoln Park, MI 48146

    Contact for pricing
    0.09 AC lot

    Residential vacant lot in Lincoln Park, build your dream home!

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    Detroit Land Bundle Opportunity
    Detroit Land Bundle Opportunity

    26165 W OUTER Drive, Detroit, MI 48217

    $45,000
    0.10 AC lot

    Land bundle ideal for infill housing development.

    View details
    Residential Lot in Ecorse, MI
    Residential Lot in Ecorse, MI

    4548 6th Street, Ecorse, MI 48229

    Contact for pricing
    0.07 AC lot

    Residential lot for custom home in growing Ecorse community.

    View details

    Melvindale, MI Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Melvindale, MI on our real estate platform. These investment opportunities span a total of 2,000 square feet of properties for sale, with an estimated market value of $189,900.

    Sale prices for residential income properties in Melvindale, MI average $189,900 — 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

    Duplexes 1
    Multifamily properties 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) +21.0%
    Median Household Income $41,356
    College Educated 22.2%

    Taxes & Financing

    Tax Rate (average for all types) 8.73%
    Property Tax per SF $86.45 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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