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About this home
Great investment opportunity! 3-unit multifamily, long-term tenants in place. New roof (2025), passed City inspection. Each unit offers 1 bedroom, living room, dining area & bathroom. Separate utility meters per unit; water included in rent. Large shared parking lot plus additional parking in front. Nice curb appeal. Room for rental increases. Do not disturb tenants, showings are immediately confirmed ; all data approximate, buyer to verify.
Dix Boulevard Villas, located between Dix Highway and Fort Street, is a residential and commuter-friendly Lincoln Park neighborhood with mid-century ranch streetscapes and quick links to the Downriver riverfront. The neighborhood’s character concentrates around Dix Highway near Southfield Road, where auto shops, corner diners, and small storefronts set a practical, lived-in rhythm. Brick single-story homes and tidy duplexes sit on compact lots, with mature trees softening wide curb lines. Council Point Park and the Detroit River shoreline shape weekend routines with open lawns and water views. The Lincoln Park Farmers Market adds a seasonal civic pulse, while the Lincoln Park Historical Museum grounds local stories in place. Nearby Mellus Newspapers Theatre brings a performing-arts note to the area’s everyday feel.
Provided by Walk Score and Local Logic
Market insights
1518 Hanover St · $260,000
DAYS ON MARKET
30 days
The average home goes pending in 43 days.
SALE-TO-LIST
96.4%
Most homes are selling 4% below list price.
LIST PRICE
$260,000
Median list price in this area is $157,760. (39% lower than this home)
PRICE DROP
0 price drops
19% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Porch
Fenced yard
Bathrooms
Three full bathrooms
Six total baths/lavatories
Heating & cooling
Forced air heating
Window unit cooling
Exterior features
Brick and vinyl siding exterior
Porch
Fenced yard
Paved street frontage
0.19 acre lot
Home design
Multi-family property
One-story ranch style
Built in 2015
Construction
Slab foundation
Utilities
Community water
Electric water heater
Natural gas fuel
Financial info
Three total units
Net operating income: $26,400
Unit 1 rent: $750
Lease in place with water included
Other
Zoned for multi-family
Electricity and solar
View estimated energy costs and solar savings for this home
Great investment opportunity! 3-unit multifamily, long-term tenants in place. New roof (2025), passed City inspection. Each unit offers 1 bedroom, living room, dining area & bathroom. Separate utility meters per unit; water included in rent. Large shared parking lot plus additional parking in front. Nice curb appeal. Room for rental increases. Do not disturb tenants, showings are immediately confirmed ; all data approximate, buyer to verify.
MiRealSource-MiMLS #61021069
Aug 15, 2026
Listed
$260,000
$86/sq ft
Aug 13, 2026
Coming Soon
$260,000
$86/sq ft
Public Records
Dec 2, 2014
Sold
$3,000
$1/sq ft
Year
Property tax
Land + Additions
Assessment*
2018
$94 (−75.2%)
2017
$379 (+2.5%)
2016
$370 (+873.7%)
2015
$38
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
4,182 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
—
Style
Single Family Residential
County
Wayne County
APN
45 006 03 0062 300
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Dec 29, 2022.
Historical weather
Lincoln Park, MI • 48146 1714
Average low and high temperatures (°F)
29
17
35
21
53
34
62
43
68
50
82
63
85
68
80
63
78
59
66
48
50
38
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 30% for direct sun exposure in Lincoln Park. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1518 Hanover St
$255,377
$4,623 under list price of $260K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $125K to $240K.