485 E GRAND Boulevard Detroit, MI ^$ 365,000

485 E GRAND Boulevard

^$ 365,000

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485 E GRAND Boulevard

Detroit, MI, 48207

^$ 365,000

Studio Baths4.2 Sq 2,884

Monthly Estimate*

^$ 2,277

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Studio

Multi-Family Home for sale in Detroit, MI

for $365,000 with 4 full baths, 2 half baths. This 2,884 square foot home was built in 1912 on a lot size of 0.27.

Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with nine long-term residents - many with over a decade of tenancy - who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.

Multi-Family Active

Price

^$ 365,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 4,191

Style

Colonial

Lot Size

0.27

Year Built

1912

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60915132

Features

General

Heating Hot Water

Possession At Close

Water Public Water

Status Active Active

Full Baths 4

Half Baths 2

Bathrooms 6

Year Built 1912

Subdivision MORE THAN ONE SUBDIVISION INVOLVED MI

Water Heater Gas

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 62904

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions Kercheval to Grand Blvd

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description W E GRAND BLVD 6 F F PALMS SUB L25 P13 PLATS W C R 15/107 E 146.30 FT OF N 25.06 FT 25 J B MC KAYS SUB L333 P304 DEEDS W C R 15/152 80.06 X 146.30

DOM 115

Postal Code 48207

Price Per Sq Ft Total AG 126.56

Public Remarks

Interior

Basement Block

Fireplace? No

Total Number of Units 10

Fuel Type Natural Gas

Exterior

Exterior Brick

Exterior Amenities Fenced Yard Porch

Frontage 80

Lot Size Area 0.27

Lot Dimensions 80.00 x 146.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Charles Siciliano

Listing Agent

@Properties Christie's Int'l R.E. Birmingham

Broker

charlie@thesicilianogroup.com

Affordability Calculator

$2,626

Per Month

Monthly Principal & Interest: $2,277
Monthly Property Taxes: $349
Monthly Home Insurance: --

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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 ^$237,305

Percent of Sale Price 35%

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
10/10/2025	$365,000	-8.75%	Price Down
7/2/2025	$400,000		Listed Price

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485 E GRAND Boulevard, Detroit, MI, 48207 is a Multi-Family Home for sale at $365,000 with 2,884 sqft and a lot size of 0.27. 485 E GRAND Boulevard is a studio with 4.2 baths and was built in 1912. The property's zip code is 48207 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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485 E GRAND Boulevard

Multi-Family Home for sale in Detroit, MI

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