About This Home

This 12-bedroom, 8-bathroom residential multi family at 15080 Greenfield Road in Detroit, MI is listed for $399,000 ($56 per sqft). Built in 1962, the home offers 7,080 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1962
  • 0.19 acre lot
  • 2 stories

Property Details

2 stories
8 full
1962
Listing Description

Exceptional multifamily investment opportunity! This 8-unit apartment building offers the ideal combination of immediate cash flow and value-add potential. With 5 of the 8 units currently occupied, including Section 8 tenants, the property provides reliable income from day one, while the three vacant units create an opportunity to increase rental revenue and boost overall returns through lease-up and strategic improvements.

Convenient access to major freeways, shopping, dining, public transportation, and employment centers, this property is well-positioned to attract and retain tenants. Whether you're looking to expand your portfolio, complete a value-add project, or build long-term wealth through multifamily investing, this asset offers multiple avenues for income growth and appreciation.

With strong rental demand in the area and the ability to increase occupancy and maximize cash flow, 15080 Greenfield is an opportunity investors won't want to miss.

Monthly Cost Estimate

$2,134/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,729
Insurance$116

Estimates only. Actual payments may vary.

Location

15080 Greenfield Road

Detroit, MI 48227

Avon Park Sub

Property Details

Construction

Brick

Heating

Hot Water(Heating)

Questions & Answers

This 12-bedroom, 8-bathroom residential multi family at 15080 Greenfield Road is listed at $399,000 ($56/sqft). The estimated monthly payment is $2,134 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1962, 0.19 acre lot, 2 stories.

This property is listed by Katie Wheeler.

KW

Katie Wheeler

Agent at Real Broker LLC

Listed by Real Broker LLC · Broker phone: (855) 450-0442 · View on Broker Site · Broker website

MLS# 20261050163· Source: Realcomp Limited II· 120 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

15080 Greenfield Road, Detroit, MI 48227

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