16501-16561 Greenfield Road Detroit, MI ^$ 995,000

16501-16561 Greenfield Road

^$ 995,000

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16501-16561 Greenfield Road

Detroit, MI, 48235

^$ 995,000

Bedrooms64 Baths56.0 Sq 22,377

Monthly Estimate*

^$ 6,208

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Multi-Family Home for sale in Detroit, MI

for $995,000 with 64 bedrooms and 56 full baths. This 22,377 square foot home was built in 1958 on a lot size of 0.58.

INVESTOR SPECIAL! 56 unit complex that can be sold as a package. Each property is being listed individually. Refer to all address below for individual listed prices. Will sell separately for the right offer. 100% vacant add value properties. Good roofs and most windows updated! Mix between 1 and 2 bedroom units. Mostly 1 bed 1 bath. Units need turned and rented. Will be a cash cow for an investor! Greenfield road is the main strip from the city to the suburbs where the city busses run! Ample amount of parking spaces! Serious buyers only. Seller financing is available but seller needs 50% down. Looking for cash buyers. Addresses included are: 16600-16620 Greenfield, Detroit (80 Units) and 2255 Webb, Detroit (156 Units)

Multi-Family Active

Price

^$ 995,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 28,089

Style

Lot Size

0.58

Year Built

1958

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

50175093

Features

General

Heating Boiler

Possession At Close

Water Public Water

Status Active Active

Full Baths 56

Half Baths 0

Bathrooms 56

Year Built 1958

Subdivision Inglewood Park Sub 4

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description W GREENFIELD 639 THRU 650 INGLEWOOD PARK SUB NO 4 L53 P24 PLATS W C R 22/192 246.52 IRREG

DOM 204

Price Per Sq Ft Total AG 44.47

Public Remarks

Interior

Beds 64

Fireplace? No

Total Number of Units 56

Fuel Type Natural Gas

Exterior

Lot Size Area 0.58

Lot Dimensions 25265

Waterfront Y/N No

* Excluded Features

List By

Justin Zehel

Listing Agent

Keller Williams Paint Creek

Broker

Zehel@proteamkw.com

Affordability Calculator

$8,548

Per Month

Monthly Principal & Interest: $6,208
Monthly Property Taxes: $2,341
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$229,390

Percent of Sale Price 77%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/24/2025	$995,000	-23.46%	Price Down
8/15/2025	$1,299,900	-13.33%	Price Down
5/17/2025	$1,499,900		Listed Price

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16501-16561 Greenfield Road, Detroit, MI, 48235 is a Multi-Family Home for sale at $995,000 with 22,377 sqft and a lot size of 0.58. 16501-16561 Greenfield Road has 64 bedrooms, 56.0 baths, and was built in 1958. The property's zip code is 48235 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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16501-16561 Greenfield Road

Multi-Family Home for sale in Detroit, MI

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