16217 Greenfield Road Detroit, MI ^$ 380,000

16217 Greenfield Road

^$ 380,000

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Recently Listed

16217 Greenfield Road

Detroit, MI, 48235

^$ 380,000

Studio Baths6.0 Sq 6,970

Monthly Estimate*

^$ 2,399

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Studio

Multi-Family Home for sale in Detroit, MI

for $380,000 with 6 full baths. This 6,970 square foot home was built in 1962 on a lot size of 0.16.

*Excellent Investment in Detroit with over 10% Cap Rate* This is a 100% fully occupied 6 apartment building with a lot of long term tenants. Electricity is paid by tenants. Rent rolls will be provided upon request. Please do not disturb tenants. No showings until we have an accepted offer.

Multi-Family Active

Price

^$ 380,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,227

Style

Colonial

Lot Size

0.16

Year Built

1962

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61016890

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 6

Half Baths 0

Bathrooms 6

Year Built 1962

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 29880

Ownership Private

Municipality Detroit

Zoning Multi-Family

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions West Side Of Greenfield Road

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description W GREENFIELD W 142.4 OF N 50 FT OF S 100 FT 19 GREENFIELD ACRES SUB L32 P17 PLATS W C R 22/9 50 X 142.4

DOM 1

Postal Code 48235

Price Per Sq Ft Total AG 54.52

Public Remarks *Excellent Investment in Detroit with over 10% Cap Rate* This is a 100% fully occupied 6 apartment building with a lot of long term tenants. Electricity is paid by tenants. Rent rolls will be provided

Exterior

Exterior Brick

Lot Size Area 0.16

Lot Dimensions 50X142.4

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 6

Fuel Type Natural Gas

* Excluded Features

List By

Daryl Harris

Listing Agent

Black Diamond Realty

Broker

contact@blackdiamondmi.com

Affordability Calculator

$2,835

Per Month

Monthly Principal & Interest: $2,399
Monthly Property Taxes: $436
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 6.49% 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 ^$261,676

Percent of Sale Price 31%

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
8/1/2026	$380,000		Listed Price

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16217 Greenfield Road, Detroit, MI, 48235 is a Multi-Family Home for sale at $380,000 with 6,970 sqft and a lot size of 0.16. 16217 Greenfield Road is a studio with 6.0 baths and was built in 1962. 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 6.49% 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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16217 Greenfield Road

Multi-Family Home for sale in Detroit, MI

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