- For Sale $1,390,000
- Property Type Multi-Family
- Property Size 24,000 SF
- Units 36
- Lot Size 0.3 Acre
- Property Tenancy Single Tenant
- Date Updated Sep 24, 2026
Description
Sitting within the vibrant city of Detroit, the area surrounding the location is alive with culture and opportunity. Nearby, the acclaimed Detroit Institute of Arts and the Motown Museum offer rich cultural experiences. Investors in the multifamily and high-rise space will appreciate the close proximity to Wayne State University, which draws a steady flow of students and professionals. Just a short distance away, the revitalized Midtown district provides a dynamic mix of dining, entertainment, and retail options, while nearby public transportation and major roadways ensure convenient access to all that downtown Detroit has to offer.1155 West McNichols Road is a multifamily investment opportunity offering a compelling value-add profile for investors seeking stable housing assets. This property presents the potential to generate strong rental demand with the flexibility to reposition, renovate, or optimize operations over time. Its multifamily use supports diversified income streams and long-term hold strategies, making it well suited for owners focused on cash flow and appreciation. Positioned as a dedicated residential asset, the property offers a foundation for disciplined management and future upside through targeted improvements and leasing execution.
Highlights
- Attractive opportunity for value-add repositioning
- Flexible operational upside for portfolio growth
- Ideal for owner operators and investors
- Multifamily property with income-producing investment potential
- Potential for diversified rental income
- Residential asset with broad market appeal
- Suitable for long-term hold strategies
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Contacts
Ferris Hamama
Keystone Commercial Real Estate
Location
Located at 1155 West McNichols Road, Detroit, MI 48203, this property is part of the Highland Park neighborhood and Detroit market.
Contact Listing Broker
Ferris Hamama
Keystone Commercial Real Estate