Multi-Family Investment Opportunity for Sale
15500-15506 Greenfield Rd, Detroit, MI 48235

Overview
These two multifamily properties present a diverse range of rental opportunities, each with distinct features and strong investment potential. 16217 Greenfield Road offers six units across two stories, with an average unit size of 673 square feet. A mix of one-bedroom and two-bedroom units caters to a variety of tenant preferences, and the current 67% occupancy rate demonstrates its steady appeal in the market. 16225 Greenfield Road, larger with 26 units, offers a blend of studio, one-bedroom, and two-bedroom units, each averaging 586 square feet. With market rents ranging from $650 to $900, this property offers affordability and versatility, making it a strong choice for a wide tenant base. Both properties feature a mix of unit types and competitive pricing, providing excellent opportunities for investors looking to tap into the growing demand for well-priced rental housing.
For Sale
Secondary Uses: Low Rise
- Off Market Date
- 06/10/2025
- Sale Price
- $900,000
- Price Per SF
- $337.7/SF
- Building Size
- 2,665 SF
- Acres
- 0.58 ac
- Zoning
- R4
- # of Buildings
- 1
- Floors
- 1
- Year Built
- 1962
- Construction Siding
- Brick
- Construction Type
- Masonry
- Submarket
- Detroit W of Woodward
- Property Status
- Existing
- Lot Size
- 50' x 142'
- County
- Wayne
- Listed
- 08/11/2025
- Updated
- 09/26/2025
- Listing ID
- 6cc0da66
- Parcel APN
- 22050825-7








