About This Home

This 28-bedroom, 16-bathroom residential multi family at 19131 Lahser Road in Detroit, MI is listed for $650,000 ($43 per sqft). Built in 1963, the home offers 15,106 sqft of living space on a 0.35 acres lot.

Key Features

  • Built in 1963
  • 0.35 acre lot
  • 2 stories

Property Details

2 stories
16 full
1963
Listing Description

Strong multifamily investment opportunity! This 16-unit apartment building offers immediate income with 12 units currently occupied, providing solid cash flow from day one. The remaining vacant units present clear upside for increased revenue through lease-up, rent optimization, and value-add improvements over time.

Well-positioned on Lahser Road, the property offers convenient access to major freeways, public transportation, shopping, schools, and everyday amenities-helping support consistent tenant demand. This location makes it attractive for both long-term renters and investors focused on stable occupancy.

Ideal for both seasoned and first-time multifamily investors, this asset provides multiple strategies to increase value, whether through improving operations, raising occupancy, or repositioning the property within the market. With strong in-place income and additional upside potential, this is a great opportunity to expand or strengthen your investment portfolio.

Monthly Cost Estimate

$3,476/mo

20% down · 6.5% · 30 years

Principal$470
Interest$2,817
Insurance$190

Estimates only. Actual payments may vary.

Location

19131 Lahser Road

Detroit, MI 48219

More Than One Legal Involved

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 28-bedroom, 16-bathroom residential multi family at 19131 Lahser Road is listed at $650,000 ($43/sqft). The estimated monthly payment is $3,477 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1963, 0.35 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# 20261050178· Source: Realcomp Limited II· 122 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.

19131 Lahser Road, Detroit, MI 48219

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