20231 Kelly Road Harper Woods, MI ^$ 469,900

20231 Kelly Road

^$ 469,900

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20231 Kelly Road

Harper Woods, MI, 48225

^$ 469,900

Studio Baths8.0 Sq 6,400

Monthly Estimate*

^$ 2,893

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Studio

Multi-Family Home for sale in Harper Woods, MI

for $469,900 with 8 full baths. This 6,400 square foot home was built in 1963 on a lot size of 0.19.

Excellent opportunity to own this fully occupied, well-maintained 8-unit investment property in Northeast Detroit, right on the Harper Woods boarder. Unit mix includes (4) one-bedroom and (4) two-bedroom apartments - fully leased and generating immediate income. Separate electric meters for each unit. Recent updates include roof (2020) and hot water tank (2021), and several unit turns/ updates in the last year. Conveniently located near shopping and major freeways. A great addition to any portfolio - don't miss this one!

Multi-Family Active

Price

^$ 469,900

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 14,940

Style

Lot Size

0.19

Year Built

1963

Town/City

Harper Woods

County/Region

Wayne

MLS | Web ID

60977424

Features

General

Heating Baseboard

Cooling Wall/Window A/C

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Full Baths 8

Half Baths 0

Bathrooms 8

Year Built 1963

Subdivision Ternes Superhighway MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 37573

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Harper Woods

Directions SOUTH OF 8 MILE AND WEST OF KELLY

City Harper Woods

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description W KELLY RD 50 THRU 47 N 10 FT 46 TERNES SUPERHIGHWAY SUB L61 P72 PLATS W C R 21/967 90 X 90

DOM 1

Postal Code 48225

Price Per Sq Ft Total AG 73.42

Public Remarks Excellent opportunity to own this fully occupied well-maintained 8-unit investment property in Northeast Detroit

Interior

Basement Block Common

Fireplace? No

Total Number of Units 8

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.19

Lot Dimensions 90X90

Roads Paved Street Private Road

Waterfront Y/N No

* Excluded Features

List By

Edgar Butler

Listing Agent

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

Broker

edgar@soldbythebutler.com

Affordability Calculator

$4,138

Per Month

Monthly Principal & Interest: $2,893
Monthly Property Taxes: $1,245
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Harper Woods, MI

Average List Price ^$159,999

Percent of Sale Price 66%

About Harper Woods, MI

14,340 Population

0% Since 2002

^$47,939 Median Income

39.64 Median Age

29% 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
3/19/2026	$469,900		Listed Price

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20231 Kelly Road, Harper Woods, MI, 48225 is a Multi-Family Home for sale at $469,900 with 6,400 sqft and a lot size of 0.19. 20231 Kelly Road is a studio with 8.0 baths and was built in 1963. The property's zip code is 48225 which is in Harper Woods, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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20231 Kelly Road

Multi-Family Home for sale in Harper Woods, MI

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