525 W Lafayette Boulevard Detroit, MI $ 699,000
525 W Lafayette Boulevard
$ 699,000
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525 W Lafayette Boulevard

Detroit, MI, 48226
$ 699,000
Baths3.0 Sq 2,209

Monthly Estimate*

$ 4,304

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Studio

Multi-Family Home for sale in Detroit, MI

for $699,000 with 3 full baths. This 2,209 square foot home was built in 1927.

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 leasing; short-term rentals are not permitted. With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value.

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Multi-Family Active

Price

$ 699,000

Bedrooms

Studio

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,179

Style

High Rise

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261009241

Features
General
Sewer PublicSewer
Heating HeatPump
Cooling CentralAir HeatPump
Possession AtClose
Garage Spaces 0.0
Architectural Style HighRise
Pool Features None
Construction Materials Brick Stone
Exclusions Exclusion(s) Do Not Exist
Pets Allowed CatsOk DogsOk NumberLimit
Year Built 1927
Levels One
Property Subtype MultiFamily
County Wayne
Net Operating Income 36148.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name FORT SHELBY HOTEL CONDO
Garage Y/N N
Rent Includes Heat MaintenanceOffSite MaintenanceOnSite Other Sewer SnowRemoval TrashCollection Water YardMaintenance
Full Baths 3
Status Active
Directions Condos are above the Hilton DoubleTree Hotel
City DetroitCity_Wayne
Disclosures ActualIncome AnnualPropertyOperatingDataNotAvailable ExclusionsDoNotExist NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 2179.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 22500
Expected Active Date 2026-02-13
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;
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Lot Dimensions 100x100
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2209.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Internal Only
Street Number 1 525
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* Excluded Features
List By
Jerome Huez

Listing Agent

Berkshire Hathaway Homeservices The Loft Warehouse

Broker

(313) 658-6400

Phone

Affordability Calculator

$4,485
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,304
Monthly Property Taxes
$182
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2026$699,000 Listed Price

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525 W Lafayette Boulevard, Detroit, MI, 48226 is a Multi-Family Home for sale at $699,000 with 2,209 sqft. 525 W Lafayette Boulevard is a studio with 3.0 baths and was built in 1927. The property's zip code is 48226 which is in Detroit, MI