$230,000
 $1,235 est/mo Sourced by Back At You

16241 E 7 Mile Road,Detroit, MI 48205

Detroit, MI 48205

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Description

Here's a great opportunity to jump into the multi-family investment market for a great price in a good location! This 4-unit property is in great overall shape; three of the four units are rented with long-time tenants and perform well. The fourth unit is in good condition and up for rent as well. Seller also owns and has listed 19161Kelly and is willing to sell the two together on a discount. Seller will give a discount if you buy both buildings.

Details

MLS #20261026758
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1954
Days On Site170
Listing Provided ByImagine Home Realty | Gregory White

Features

Bath(s) 3 Total
SQ Feet2,546
BasementY
Story(s)2
Units4
ZoningMulti-Family
Acreage0.12
Water FrontYes

Interior

Cooling Yes / NoNo
Heating Yes / NoYes
HeatingHot Water, Natural Gas

Exterior

Construction MaterialsBrick
Foundation DetailsBasement, Block

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo

Taxes

Tax Annual Amount6511

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48205
AreaDet
Community NameAVALON HEIGHTS
School DistrictDetroit
High SchoolDetroit
Listing VS Median (in AVALON HEIGHTS)
Price:
$230,000
low | high
Med:
$69,900
100% of Average
sqft:
2,546
low | high
Med:
1,300
98.939512961508% of Average
$ / sqft:
$90
low | high
Med:
$55
89.036885375494% of Average
On site:
170
low | high
Med:
139
100% of Average
Sourced by Back At You

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Learn More About This Property

StateMI
CountyWayne
CityDetroit
Zip Code48205
AreaDet
Community NameAVALON HEIGHTS
School DistrictDetroit
High SchoolDetroit
Listing VS Median (in AVALON HEIGHTS)
Price:
$230,000
low | high
Med:
$69,900
100% of Average
sqft:
2,546
low | high
Med:
1,300
98.939512961508% of Average
$ / sqft:
$90
low | high
Med:
$55
89.036885375494% of Average
On site:
170
low | high
Med:
139
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $172K - $287K
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
16241 E 7 Mile Road Property Photo 1
$230,000
16241 E 7 Mile Road
Detroit, MI 48205
19161 Kelly Road Property Photo 1
$200,000
19161 Kelly Road
Detroit, MI 48224
19161 Kelly Road Property Photo 1
$200,000
19161 Kelly Road
Detroit, MI 48224
Listing Updated: September 28, 2026 at 6:48:27 PM PDT