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Street View
$4,100,000
Monthly Est:$20,407
-- Bed
21 Baths21 full baths
7,400sqft
240 Mack Ave, Detroit, MI 48201
$4,100,000
$20,407/moEst:
Get Pre-Approved
Multi Family
Built in 1930
$-- HOA
0.16 acre lot
$554/sq.ft
Description
240 Mack Ave presents a rare opportunity to acquire a fully renovated, 21-unit multifamily asset in the heart of Midtown Detroit, just steps from Wayne State University and surrounded by some of the city’s strongest employment, educational, medical, and entertainment anchors.
The property is currently 100% occupied, providing immediate and stabilized cash flow from day one. The unit mix includes 17 one-bedroom apartments and 4 studio units, offering efficient layouts well suited for the strong rental demand in the Midtown market.
Offered at $4.1 million, the property delivers an attractive 6.47% in-place capitalization rate. An additional advantage is the existing tax abatement, which has been confirmed to survive the transfer of ownership, helping preserve the property’s favorable operating expenses and overall investment performance.
With a fully renovated condition, stabilized occupancy, strong in-place income, and a premier Midtown Detroit location near Wayne State University, 240 Mack Ave offers investors the opportunity to acquire a turnkey multifamily asset in one of Detroit’s most desirable and established rental markets.
- Houzeo last checked: 44 minutes ago
- Listing updated: October 5, 2026 at 6:54 pm
- Listing Provided by: Ahsan Tarar (313) 888-0315 | Tarar Homes (313) 888-0315
- Source: Realcomp MLS-MI | MLS#: 20261080518
- Originating MLS: Realcomp II Ltd
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1930
HOA Fees
-
Finished Area
7,400 sqft
Lot Size
0.16 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261080518
MLS Status
Active
Days on Market
3
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 21
Interior
Cooling
Chiller Cooling System
Sewer
Public Sewer
Heating
Forced Air, Natural Gas, Separate Meters
Construction
Year Built
Year Built: 1930
Home type
Multi Family
Construction Materials
Brick, Vinyl Siding
Architectural Style
Colonial, Other
Foundation Details
Basement, Block
Utilities & Energy
Pool Features
None
Basement
Unfinished
Water Source
Public
Other Features
Disclosures
Actual Income, Legal Rental Certified, No Restrictions, Taxes Not Homestead Exempt
Subdivision Name
Brush Sub Of Pt Of Park Lts 17 Thru 21
Price History
| Date | Event | Price |
|---|---|---|
10/05/2026 Source: | Listed for Sale | $4,100,000 +282658.62% $554/sqft |
07/07/2026 Source: | Listing Removed | $1,450 +7.41% $0/sqft |
07/07/2026 Source: | Price Increased | $1,350 +8.00% $0/sqft |
04/10/2026 Source: | Price Decreased | $1,250 -7.41% $0/sqft |
04/10/2026 Source: | Price Decreased | $1,350 -3.57% $0/sqft |
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Brush Park Ranks #1 in Detroit, MI
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Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Oct 09, 2026, 12:00PM. 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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