681 W Canfield Street
Detroit, MI, 48201 $ 1,200,000
Bedrooms8 Baths5.0 Sq 7,000 Monthly Estimate*
$ 7,577
for $1,200,000 with 8 bedrooms and 5 full baths. This 7,000 square foot home was built in 1910 on a lot size of 0.1.
Rare opportunity to own a meticulously maintained four-unit multifamily property on Historic West Canfield in the heart of Midtown Detroit. Originally built in 1910, this beautifully preserved carriage house offers approximately 7,000 square feet and features four spacious two-bedroom apartments. Three of the four units include private in-unit laundry, while the fourth is served by a common laundry area. Also three of four units are occupied, generating income from day one. The property has benefited from extensive capital improvements, including a newer roof, gutters, tuckpointing, newer vinyl replacement windows, updated plumbing, separate gas and electric meters, and modern mechanical systems. A newly constructed secure fenced and gated parking lot provides approximately 10 off-street parking spaces—a rare amenity in Midtown. Current rents are below market, presenting an outstanding value-add opportunity for investors seeking immediate upside through future lease renewals. Ideally located just steps from Mad Nice, Selden Standard, SheWolf, Awake Cafe, Oak & Reel, Whole Foods Market, and the Detroit Institute of Arts, with convenient access to Wayne State University, Detroit Medical Center, Children's Hospital of Michigan, Henry Ford Health, the QLINE, I-75, I-94, and Downtown Detroit. A turnkey investment in one of Detroit's most desirable and walkable neighborhoods offering strong long-term appreciation potential. Do not miss out on this rare opportunity! 4230 3rd Street is included in the sale. This is the dedicated parking with 10 spaces that is supported by recorded easements and maintenance agreements, with documentation available upon request. Financial information, current rent roll and operating information available to qualified buyers upon request. Rental amounts reflected in the MLS are pro forma estimates only and are not representations of current or actual rental income. photos may be digitally enhanced, Information is deemed reliable, buyer to verify all information and data.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Garage Spaces 0.0
Architectural Style CarriageHouse
Pool Features None
Construction Materials Brick
Pets Allowed No
Year Built 1910
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name CASS FARM SUB OF BLKS 97 & 98
Garage Y/N Y
Full Baths 5
Status Active
Directions Enter off of Willis alley between 2nd and 3rd street. Residents enter through 3rd Street gate
City DetroitCity_Wayne
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 4
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Land Lease Y/N N
Tax Annual Amount 3960.0
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 18515
Expected Active Date 2026-08-12
Legal Description S CANFIELD S 71.38 FT 9 REAR PARCEL AND HALF VAC ALLEY ADJ BLK 98 CASS FARM SUB L1 P259 PLATS W C R 4/40 60 X 71.38
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ExteriorParking Features Garage ParkingLot Paved
Water Source Public
Total Parking 10.0
Foundation Details Slab
Spa N
Lot Dimensions 50X71.38
Lot Size Acres 0.1
Waterfront Y/N N
Road Frontage Type Alley Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 7000.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 5
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* Excluded FeaturesList ByShane ParkerListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $7,577
- Monthly Property Taxes
- $330
- Monthly 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.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $248,415
Percent of Sale Price 79%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/12/2026 | $1,200,000 | | Listed Price |