NEW 2 HRS AGO

For sale

$450,000

Est. $3,689/mo —

—

•

7,683

sq ft

24620 W 7 Mile Rd, Detroit, MI 48219 4699

About this home

INVESTMENT OPPORTUNITY -- 8-UNIT MULTIFAMILY IN DETROIT! Add scale to your investment portfolio with this 8-unit apartment building located at 24620 W 7 Mile Rd in Detroit. This multifamily property offers an excellent opportunity for an investor looking to acquire multiple units under one roof with the potential for ongoing rental income and long-term appreciation. The building consists of eight 2-bedroom, 1-bath units. Whether you're looking to expand an existing rental portfolio or make your move into multifamily investing, this property offers the opportunity to build value. Conveniently located along the W Seven Mile corridor with access to major roadways, and surrounding Metro Detroit communities.

Multi-familyProperty Type

1962Year Built

0.25 acresLot Size

$59Price/Sq.Ft.

Listed by TaMia Hairston • Real Broker, LLC Troy

•517-200-3245 (broker)

Listed by Andre Finley • Real Broker, LLC Troy

•517-200-3245 (broker)

Listing updated: Aug 31, 2026 at 11:07pm

Redfin checked: 4 minutes ago

•Source:MiRealSource-MiMLS #61026244

Payment calculator

$3,689 per month

Principal and interest$2,365

Property taxes

$1,125

HOA dues

Home insurance

$199

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Wright Charles School

Public PreK-8 • Assigned • 0.8mi

3/10

Ford High School

Public 9-12 • Assigned • 2.6mi

2/10

Provided by GreatSchools

About Five

Points

Five Points, located between Corktown and Downtown, is a historic and industrial Detroit neighborhood with brick warehouses and rail-side streetscapes. The neighborhood’s character concentrates at the Michigan Avenue and Trumbull Avenue junction, where corner storefronts, murals, and late-night patios set a streetwise tone. Batch Brewing Company and the historic Michigan Central Station act as cultural anchors for food, drink, and civic pride. Low-slung commercial blocks mix with converted loft-style spaces, giving the area a workshop-to-studio feel. Side streets read quieter, while Michigan Avenue carries the daily pulse toward the riverfront and stadium district.

Provided by Walk Score and Local Logic

Market insights

24620 W 7 Mile Rd · $450,000

DAYS ON MARKET

The average home goes pending in 20 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

LIST PRICE

Median sale price in this area is $229,391. (49% lower than this home)

PRICE DROP

19% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Interior features
Block common basement

Bedrooms
8 total units (multi-unit property)

Bathrooms
8 full bathrooms (total)

Sale and tax history for 24620 W 7 Mile Rd

Sale History
Tax History

Date

Event

Price

MiRealSource-MiMLS #61026244

Aug 31, 2026

Listed

$450,000

$59/sq ft

REALCOMP #20261070024

Aug 31, 2026

Listed

$450,000

$59/sq ft

INVESTMENT OPPORTUNITY — 8-UNIT MULTIFAMILY IN DETROIT! Add scale to your investment portfolio with this 8-unit apartment building located at 24620 W 7 Mile Rd in Detroit. This multifamily property offers an excellent opportunity for an investor looking to acquire multiple units under one roof with the potential for ongoing rental income and long-term appreciation. The building consists of eight 2-bedroom, 1-bath units. Whether you’re looking to expand an existing rental portfolio or make your move into multifamily investing, this property offers the opportunity to build value. Conveniently located along the W Seven Mile corridor with access to major roadways, and surrounding Metro Detroit communities.

REALCOMP #217026949

Apr 11, 2017

Listing Removed

—

Apr 8, 2017

Listed

$9,900

$1/sq ft

MiRealSource-MiMLS #21280337

Apr 10, 2017

Listing Removed

—

Apr 10, 2017

Listing Removed

—

Apr 7, 2017

Listed

$9,900

$1/sq ft

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

119 ft.

Lot depth

92 ft.

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Single Family Residential

County

Wayne County

APN

W22I016771S

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Apr 8, 2023.

Planned Development District

The PD Planned Development District will permit planned developments throughout the City and will be particularly useful in district areas established in accordance with Section 74 of the Michigan Blighted Area Rehabilitation Act, being MCL 125.74, for urban renewal. Such planned developments shall be substantially in accordance with the goals and objectives of the Master Plan, by having a major land use that corresponds to the most general category of land use, which are residential, retail and local services, industrial, mixed use, parks and open space and other, proposed in the Master Plan for the area involved. Such planned developments shall provide a desirable environment for the uses proposed and shall not be out of harmony with their general surroundings. The regulations of the district are designed to accomplish this by permitting flexibility in overall development while ensuring adequate safeguards and standards for public health, safety, convenience, and general welfare and, where applicable, encouraging historic preservation. Developers are advised to confer with the Planning and Development Department or the City Planning Commission to ensure compliance with this Code before investing large amounts of time and energy in preparing plans and proposals. The review and approval procedures for developments on land zoned PD are specified in Article III, Division 4, of this chapter.

Permitted uses

Include but are not limited to:

No uses permitted by right

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 98° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Detroit, MI • 48219 4699

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

95/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.5 hrs

6.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 24620 W 7 Mile Rd

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