About This Home

This 8-bedroom, 5-bathroom residential multi family at 681 W Canfield Street in Detroit, MI is listed for $1,000,000 ($143 per sqft). Built in 1910, the home offers 7,000 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1910
  • 0.10 acre lot
  • 2 stories
  • 10 parking spaces

Property Details

2 stories
5 full
10 spaces
1910
Listing Description

Rare opportunity to own a meticulously maintained four-unit multifamily property on Historic West Canfield in the heart of Midtown Detroit. Originally built in 1910, this beautifully preserved carriage house offers approximately 7,000 square feet and features four spacious two-bedroom apartments.

Three of the four units include private in-unit laundry, while the fourth is served by a common laundry area. Also three of four units are occupied, generating income from day one. The property has benefited from extensive capital improvements, including a newer roof, gutters, tuckpointing, newer vinyl replacement windows, updated plumbing, separate gas and electric meters, and modern mechanical systems.

A newly constructed secure fenced and gated parking lot provides approximately 10 off-street parking spaces-a rare amenity in Midtown. Current rents are below market, presenting an outstanding value-add opportunity for investors seeking immediate upside through future lease renewals.

Ideally located just steps from Mad Nice, Selden Standard, SheWolf, Awake Cafe, Oak & Reel, Whole Foods Market, and the Detroit Institute of Arts, with convenient access to Wayne State University, Detroit Medical Center, Children's Hospital of Michigan, Henry Ford Health, the QLINE, I-75, I-94, and Downtown Detroit.

A turnkey investment in one of Detroit's most desirable and walkable neighborhoods offering strong long-term appreciation potential. Do not miss out on this rare opportunity! 4230 3rd Street is included in the sale. This is the dedicated parking with 9 spaces that is supported by recorded easements and maintenance agreements, with documentation available upon request.

Financial information, current rent roll and operating information available to qualified buyers upon request. Rental amounts reflected in the MLS are pro forma estimates only and are not representations of current or actual rental income. photos may be digitally enhanced, Information is deemed reliable, buyer to verify all information and data.

Monthly Cost Estimate

$5,348/mo

20% down · 6.5% · 30 years

Principal$723
Interest$4,333
Insurance$292

Estimates only. Actual payments may vary.

Location

681 W Canfield Street

Detroit, MI 48201

Cass Farm Sub Of Blks 97 & 98

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 8-bedroom, 5-bathroom residential multi family at 681 W Canfield Street is listed at $1,000,000 ($143/sqft). The estimated monthly payment is $5,349 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.10 acre lot, 2 stories, 10 parking spaces.

This property is listed by Shane Parker.

SP

Shane Parker

Agent at S&P Realty

Listed by S&P Realty · Broker phone: (313) 454-8608 · View on Broker Site · Broker website

MLS# 20261063150· Source: Realcomp Limited II· 81 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.

681 W Canfield Street, Detroit, MI 48201

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