Detroit Multifamily Sold By Owner

MLS Detroit MI Apartments and Homes For Sale (59)

  • Sold
    Multifamily Sold $225,000
    • 9 Bed
    • 9 Baths
    • 5,984 Sq ft
    16840 Greenfield Road , Detroit, MI

    Calling all investors! this detroit multi-unit complex is ready and waiting for its next owner.... Read More

  • Sold
    Multifamily Sold $200,000
    • 16 Bed
    • 22 Baths
    • 17,730 Sq ft
    6330 Midland Street , Detroit, MI

    University district. 22 units total 16 one bedroom and 6 studio units for a total of 22 unit... Read More

  • Sold
    Multifamily Sold $275,000
    • 8 Bed
    • 16.5 Baths
    • 10,832 Sq ft
    10235 Whittier Street , Detroit, MI

    Building needs complete rehab. invest in detroit with this 16 unit apartment complex 8 one bed 8... Read More

  • Sold
    Multifamily Sold $949,111
    • 17 Bed
    • 17 Baths
    • 12,645 Sq ft
    17644 Lahser Road , Detroit, MI

    Welcome to lahser manor apartments! walk to downtown old redford. completely renovated in... Read More

  • Sold
    Multifamily Sold $2,000,000
    • 18 Bed
    • 48 Baths
    • 57,648 Sq ft
    4663 E Outer Drive , Detroit, MI

    Connor creek is an age restricted community consisting of 55+ tenants.

  • Sold
    Multifamily Sold $400,000
    • 20 Bed
    • 32 Baths
    • 32,934 Sq ft
    14440 Frankfort St , Detroit, MI

    Sold as-is seller has never lived in propertyproperty in need of total rehab... Read More

  • Sold
    Multifamily Sold $439,000
    • 12 Bed
    • 12 Baths
    • 7,398 Sq ft
    11705 Elmdale Street , Detroit, MI

    Reduced to sell!! owner retiring!!! great opportunity to cash in on a fully remodeled income... Read More

  • Sold
    Multifamily Sold $1,500,000
    • 18 Bed
    • 48 Baths
    • 10,000 Sq ft
    4661 E Outer Drive , Detroit, MI
  • Sold
    Multifamily Sold $190,000
    • 5 Bed
    • 7 Baths
    • 2,783 Sq ft
    10041 Roseberry Street , Detroit, MI

    Attention investors! here's a great 7 unit multi-family fully occupied with sec 8 tenants. this... Read More

  • Sold
    Multifamily Sold $30,000
    • 14 Bed
    • 14 Baths
    • 9,201 Sq ft
    15771 Mack Avenue , Detroit, MI

    Rare opportunity to find an apartment building in this immediate area. the subject property is a... Read More

  • Sold
    Multifamily Sold $250,000
    • 22 Bed
    • 24 Baths
    • 17,046 Sq ft
    13701 W Chicago Street #24, Detroit, MI

    A great opportunity for a 24 unit apartment building offering 24 unit (2 studios, 22 1... Read More

  • Sold
    Multifamily Sold $52,000
    • 5 Bed
    • 5 Baths
    • 2,898 Sq ft
    14422 Maddelein Street , Detroit, MI

    **turnkey** gorgeous brick 5 unit, 4 units rented at $550! property is located near fisher magnet... Read More

  • Sold
    Multifamily Sold $925,000
    • 19 Bed
    • 35.5 Baths
    • 25,041 Sq ft
    2020 Elmhurst Street #35, Detroit, MI

    Price drop !!! this is a 100% section 8 multifamily building which require hud approval. all... Read More

  • Sold
    Multifamily Sold $350,000
    • 10 Bed
    • 11 Baths
    • 7,606 Sq ft
    14281 Longview Street , Detroit, MI

    If you are looking for a great return on investment, then look no further. property is currently... Read More

  • Sold
    Multifamily Sold $90,000
    • 5 Bed
    • 5 Baths
    • 2,762 Sq ft
    14066 Santa Rosa Drive , Detroit, MI

    Hot deal! motivated seller! this is a cash flowing building that's 100 % occupied with section 8... Read More

  • Sold
    Multifamily Sold $350,000
    • 19 Bed
    • 26 Baths
    • 15,837 Sq ft
    4847 Baldwin Street , Detroit, MI

    Check out this apartment building for sale. a perfect investment opportunity. if you just... Read More

  • Sold
    Multifamily Sold $25,600
    • 10 Bed
    • 10 Baths
    • 6,020 Sq ft
    2756 Hogarth Street , Detroit, MI

    Investor special priced to move fast!! 3k flat commission to buyers agent...needs a lot of tlc... Read More

  • Sold
    Multifamily Sold $40,000
    • 9 Bed
    • 9 Baths
    • 5,760 Sq ft
    10144 Sterritt , Detroit, MI

    This is a great investment opportunity, a nine bedroom apartment complex close to downtown and... Read More

  • Sold
    Multifamily Sold $320,000
    • 8 Bed
    • 30 Baths
    • 37,443 Sq ft
    761 Whitmore Road , Detroit, MI

    Vacant 30 unit beautiful brick apartment building located in the prestigious palmer park... Read More

  • Sold
    Multifamily Sold $125,000
    • 18 Bed
    • 23 Baths
    • 12,000 Sq ft
    12835 La Salle Boulevard , Detroit, MI

    Great investment opportunity! needs a total rehab, but there is so much potential in this building!

Detroit - Statistics and Home Trends

Sold Activity Chart

AVERAGE PRICE

$ 168,473

NEW LISTINGS THIS WEEK

523

PRICE PER SQUARE FOOT

$ 40

AVERAGE PRICE

$ 227,107

NEW LISTINGS THIS WEEK

26

PRICE PER SQUARE FOOT

$ 141

Average Price
Land Sold in Detroit (352) $ 54,674

AVERAGE PRICE

$ 213,135

NEW LISTINGS THIS WEEK

10

PRICE PER SQUARE FOOT

$ N/A

Learn More About Detroit, Michigan

Currently there are 754 homes for sale, 188 condos and apartments for sale and 209 vacant land for sale in Detroit

Background on Detroit
Detroit is the largest and most heavily populated city in the state of Michigan as well as the largest city found on the United States – Canada border. Detroit is at the seat of Wayne County. The population here is estimated to be around 675,000 which make it the 23rd most populated city in the entire United States. If you look at the metropolitan area which is better known as Metro Detroit you will see that the population there is upwards of 4.3 million people. Detroit is most well known for its art, design and architecture. Detroit was founded in July of 1701 and incorporated in September of 1806. This area of Michigan is roughly 143 square miles and of that 143 square miles approximately 4 miles of that is water. The climate here in Detroit is a humid continental climate which is greatly influenced by the Great Lakes and the city. The winters here tend to be very cold but with only moderate snowfall. The summer months are usually very warm with temperatures exceeding 90 degrees several times throughout the warmer months. The hottest times here in Detroit runs from May through September. Precipitation in this area tends to occur during the months of May though June. There is approximately 33.5 inches of rainfall per year here. Thunderstorms are very frequent in Detroit and usually happen during the spring and summer.

Real Estate in Detroit
There are so many different kinds of housing styles here in Detroit. You will find everything from Tudors and Cape Cod style homes to Ranches and Condos here in Detroit. The market here has so much to offer, especially if you are looking for an eclectic mixture of housing styles. The prices here can range from less than $10,000 for a single family home that need TLC to those in excess of $1,000,000. It all depends on which neighborhood you are looking in. Most homes in Detroit are single family but there are several condo communities here as well if you are looking for a home that comes with amenities.

Employment in Detroit
There are several major corporations that are based here in Detroit as well as three Fortune 500 companies. Manufacturing, finance, health care and technology make up a majority of the jobs here. Automotive manufacturing is another big employer in this area. There are also some large companies here that are globally recognized. Little Caesars, Blue Cross Blue Shield of Michigan, Quicken Loans, General Energy and American Axle are just a few of those major employers.

Music and Entertainment in Detroit
Since the 1940’s live music has been a prominent feature of the nightlife here in Detroit. The nickname “Motown” was given to the city due to its influence on the music industry. If you are looking to go to a concert in Detroit there are a few places for you to go. You can head to the DTE Energy Music Theatre or The Palace of Auburn Hills as well as several other small clubs and jazz houses. The Theatre Venue Circuit is the performing arts portion of Detroit. Here you will find things like live music, theater, the orchestra as well as more than a dozen performing arts centers. The Theatre Venue Circuit is the second largest in the United States and also hosts several Broadway productions throughout the year.

Places to Visit in Detroit
- Downtown Detroit is a great place to visit if you want to take a walk, bike or try one of the areas up and coming restaurants. This area is very cosmopolitan and has tons to do if you are looking for a little adventure.
- Dearborn/Wayne is a historic and diverse section of Detroit. Here you find a mixture of Italian, Polish, Mexican and Arab-American neighborhoods. There is Middle Eastern Dining here as well as the only drive-in in the area.
- Greater Novi is a trendy area that is located around 45 minutes Northwest of Downtown Detroit. This place is known for its shopping as well as its fine dining and nightlife. This place is definitely a must see if you live in the Detroit area.

Summary
Detroit has reasonably priced real estate plus rich history within the music industry. There is so much to do here on any given day. If you are thinking of moving to Detroit don’t hesitate, this place has it all!

ByOwner.com offers For Sale By Owner listing services throughout the country. By posting home with ByOwner your property will get the same exposure you’d receive from a traditional real estate company. Our Detroit, Michigan Flat Fee MLS listing Service saves you from paying the traditional 6% commission charged by most real estate offices, but gives you the same worldwide exposure.

Your home will be found on the local MLS, plus all the major search engines and popular real estate portal sites, including: Trulia, Zillow, Realtor.com, MSN, AOL, Bing, Yahoo, and of course Google. Additionally when your home gets added to the MLS, your FSBO listing will listed alongside of the homes listed by ReMax, C-21, Coldwell Banker, ERA, Redfin, Movoto, Keller Williams and all the other nationwide brokerage sites. These sites often display “all” of the MLS postings, not just their own, which means your home will be on these sites also.

The average seller who uses our Flat Rate MLS Listing, will save over $15,000. We give you the tools and exposure you need as a ForSaleByOwner to compete with every other listing in the MLS. But you are in control of the savings and the fees you pay.

Currently Detroit has 1,320 properties on the market for sale. The inventory was last updated 10/29/2020. Of these properties, 754 single family homes are for sale by their owners in Detroit, and 188 condos are for sale by their owners in Detroit. The average price of the single family homes for sale in Detroit, is $390,945, the average condo price in Detroit, is $372,943. The average price per square foot of the active inventory is $101. This is based the living area square footage.

Over the last year, there have been 25,179 of properties sold in Detroit. Of these properties, 20,612 single family homes have sold by their owners in Detroit, and 2,049 condos have sold by their owners in Detroit. The average sales price of the single family homes sold in Detroit, is $168,473. Single family homes have been selling for 40 per square foot of living area. The average sales price of the condos for sale in Detroit, is $227,107. Condos have been selling for 141 per square foot of living area.

The most active subdivisions with listings for sale in Detroit, are: Hendries (plats) (14 For Sale), Robert Oakmans Twelfth St (plats) (10 For Sale), East Detroit Development Cos No 1 (plats) (10 For Sale), Hunt & Leggetts Sub (plats) (10 For Sale), Wildermere Park (plats) (8 For Sale), Albert Cranes Plat (plats) (8 For Sale), South Lafayette Park Sub (also Pg 64) (8 For Sale), Moses W Fields Sub L8 P37 (plats) (7 For Sale), Larneds (deeds) (6 For Sale), Bewicks Sub (plats) (6 For Sale)

If you are thinking of selling your Detroit home, try our flat fee listing service, Our list fees start at $449, and may save you $15,000 in real estate commissions. Click here to start saving.

Disclaimer: Listing broker has attempted to offer accurate data, but buyers/lessees are advised to confirm all information IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect Participants and/or the MLS from liability.
This data up-to-date as of 10/29/2020