525 W Lafayette Boulevard
Detroit, Michigan 48226
3
Bed
3
Bath
2,209Sqft
Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit’s Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow. Residents benefit from the amenities of the Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy. These units enjoy extremely low property taxes—less than $3,000 per unit per year—thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term l
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bathroom Information
Total Baths: 3 Full Baths: 3 -
Heating & Cooling
Cooling: Central Air,Heat Pump Heating: Heat Pump Heating Fuel: Heat Pump
-
Building Information
Year Built: 1927 Building Stories: 1 Story Total Units: 2 Foundation/Basement: Slab Architecture: High Rise -
Exterior Features
Construction: Brick,Stone -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
-
Lot Information
Lot Dimensions: 100x100 -
Property Information
SQ ft: 2209 Subdivision: Fort Shelby Hotel Condo Financing: Cash,Conventional,Warranty Deed
-
Listing Price Information
Original List Price: $699,000 -
Listing Information
Possession: At Close Legal Description: S LAFAYETTE W UNIT 42; WAYNE COUNTY CONDO PLAN NO. 945 "FORT SHELBY HOTEL CONDOMINIUM" RECORDED IN L46262 P1428-1542 DEEDS, WCR 4/132 0.461% SPLIT/COMBINED ON 07/23/2018 FROM 04000118.005;
-
Tax Information
Annual Tax: $2,179 Parcel Number: W04I000118S045Possession
At CloseLegal Information
Legal Description: Section: S LAFAYETTE W UNIT 42; WAYNE COUNTY CONDO PLAN NO. 945 "FORT SHELBY HOTEL CONDOMINIUM" RECORDED IN L46262 P1428-1542 DEEDS, WCR 4/132 0.461% SPLIT/COMBINED ON 07/23/2018 FROM 04000118.005;
-
Unit 1 Information
# of Bedrooms: 1 -
Unit 2 Information
# of Bedrooms: 1
-
School Information
School District: Detroit -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1450 6th Street , Detroit, MI, 48226 | $1,450,000 | 8 | 4 | 4,200 | 4,200 SqFt |
| 3401 & 3415 Michigan Av.., Detroit, MI, 48226 | $1,100,000 | 2 | 5 | 5,000 | 5,000 SqFt |
Similar Multifamily To 525 W Lafayette Boulevard
Nearby For Sale
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 06/17/2026 @ 06:35
More Cities with for Sale by Owner Homes
- Hamtramck Homes For Sale By Owner
- Detroit Homes For Sale By Owner
- Highland Park Homes For Sale By Owner
- Hazel Park Homes For Sale By Owner
- Detroit Homes For Sale By Owner
- Center Line Homes For Sale By Owner
- River Rouge Homes For Sale By Owner
- Ferndale Homes For Sale By Owner
- Grosse Pointe Park Homes For Sale By Owner
- Grosse Pointe Homes For Sale By Owner
- Pleasant Ridge Homes For Sale By Owner
- Harper Woods Homes For Sale By Owner
- Eastpointe Homes For Sale By Owner
- Madison Heights Homes For Sale By Owner
- Royal Oak Homes For Sale By Owner
- Grosse Pointe Farms Homes For Sale By Owner
- Huntington Woods Homes For Sale By Owner
- Grosse Pointe Woods Homes For Sale By Owner
- Oak Park Homes For Sale By Owner
- Warren Homes For Sale By Owner
Homes around $690,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.