Pending

Multi-Family Investment Opportunity for Sale

15500-15506 Greenfield Rd, Detroit, MI 48235

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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

Multifamily

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