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Street View
$299,900
Monthly Est:$1,493
-- Bed
4 Baths3 full baths + 1 half bath
3,640sqft
1565 W Grand Blvd, Detroit, MI 48208
$299,900
$1,493/moEst:
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Multi Family
Built in 1912
$-- HOA
0.12 acre lot
$82/sq.ft
Description
Solid brick quadplex producing income on West Grand Boulevard. Four 2-bedroom, 1-bath units over a full basement. Three units are leased with tenants in place and the fourth is vacant, so a new owner sets that rent at today's market - the clearest upside in the building. Rents today total $2,050/mo. With all four units at the projected market rent of $850/unit ($3,400/mo), the projected cap rate is approx 7.2% (est. after actual taxes of $6,283/yr, 10% vacancy, 10% management, insurance and reserves; buyer to verify).
Mechanicals have been updated: newer furnaces, updated electrical boxes and PEX plumbing throughout. Photos are recent and reflect current condition.
A complete investment analysis is attached to the listing documents alongside the disclosures - rent, actual taxes, insurance, management and net income on one page - so this property can be evaluated properly before writing.
Tenant parking on the street in front or behind the building. Shown upon accepted offer only; please do not disturb tenants. Leases and ledgers provided during the inspection period. Cash, Conventional, FHA or VA only - no alternative financing.
- Houzeo last checked: 4 hours ago
- Listing updated: October 1, 2026 at 9:47 pm
- Listing Provided by: Carlo Gobba (248) 721-8843 | EXP Realty Main (888) 501-7085
- Source: Realcomp MLS-MI | MLS#: 20261041443
- Originating MLS: Realcomp II Ltd
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1912
HOA Fees
-
Finished Area
3,640 sqft
Lot Size
0.12 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261041443
MLS Status
Active
Days on Market
151
Cumulative Days on Market
115
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 4
Interior
Sewer
Public Sewer
Heating
Forced Air, Natural Gas
Construction
Year Built
Year Built: 1912
Home type
Multi Family
Construction Materials
Brick
Architectural Style
Colonial
Foundation Details
Basement, Block
Utilities & Energy
Basement
Full, Unfinished
Water Source
Public
Pool Features
None
Other Features
Disclosures
Projected Income, Taxes Not Homestead Exempt
Subdivision Name
Bela Hubbards Sub
Price History
| Date | Event | Price |
|---|---|---|
08/16/2026 Source: | Price Decreased | $299,900 -0.03% $82/sqft |
06/08/2026 Source: | Listed for Sale | $300,000 +1400.00% $82/sqft |
10/24/2024 Source: | Price Decreased | $20,000 -92.59% $5/sqft |
10/24/2024 Source: | Price Decreased | $270,000 -22.86% $74/sqft |
10/24/2024 Source: | Price Increased | $350,000 +29.63% $96/sqft |
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Chadsey Condon Ranks #88 in Detroit, MI
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Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Nov 02, 2026, 02:15PM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
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