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1565 W Grand Boulevard
Detroit MI 48208 US

$299,900

Active Listing ID 20261041443
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8 bed
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3,640 square feet
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4.00 Bath (3 Full , 1 Half)
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Lot: 0.12 Acres
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Other

$299,900

Active Listing ID 20261041443
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1565 W Grand Boulevard Solid brick quadplex producing income on West Grand Boulevard. Four 2-bedroom, 1-bath units over a full basement. Three units are leased with tenants in place and the fourth is vacant, so a new owner sets that rent at today's market - the clearest upside in the building. Rents today total $2, 050/mo. With all four units at the projected market rent of $850/unit ($3, 400/mo), the projected cap rate is approx 7.2% (est. after actual taxes of $6, 283/yr, 10% vacancy, 10% management, insurance and reserves; buyer to verify). Mechanicals have been updated: newer furnaces, updated electrical boxes and PEX plumbing throughout. Photos are recent and reflect current condition. A complete investment analysis is attached to the listing documents alongside the disclosures - rent, actual taxes, insurance, management and net income on one page - so this property can be evaluated properly before writing. Tenant parking on the street in front or behind the building. Shown upon accepted offer only; please do not disturb tenants. Leases and ledgers provided during the inspection period. Cash, Conventional, FHA or VA only - no alternative financing.

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Property Features

  • Facts
  • Lot Size: 0.12 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • 1/2 Bathrooms: 1
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 299900
  • unparsedaddress: 1565 W Grand Boulevard
  • postalcity: Detroit
  • stateorprovince: MI
  • country: US
  • postalcode: 48208
  • bathroomsfull: 3
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.12
  • lotsizeunits: Acres
  • lotsizearea: 0.12
  • livingarea: 3640
  • livingareaunits: Square Feet
  • latitude: 42.345318
  • longitude: -83.108841
  • listagentfullname: Carlo Gobba
  • listagentemail: carlo@carlogobba.com
  • listagentkey: 3yd-REALCOMPMI-278999
  • listagentmlsid: 278999
  • listagentpreferredphone: 2487218843
  • listagentofficephone: 8885017085
  • listofficekey: 3yd-REALCOMPMI-375382
  • listofficemlsid: 375382
  • disclaimer: 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.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1912
  • listingcontractdate: 2026-06-08
  • listagentfax: 5865801021
  • countyorparish: Wayne
  • parcelnumber: W14I008157S
  • elementaryschooldistrict: Detroit
  • middleorjuniorschooldistrict: Detroit
  • highschooldistrict: Detroit
  • constructionmaterials: Brick
  • heating: Forced Air
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • architecturalstyle: Colonial
  • rooms: Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Basement, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.10884, 42.345318
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"carlo@carlogobba.com", "ListBrokerageCity":"Royal Oak", "ListBrokerageCountry":"US", "ListBrokerageEmail":"edward.hudson@exprealty.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/ace2c971cb2111e394c122000b058362k-c557700407r.png", "ListBrokerageName":"eXp Realty", "ListBrokeragePhone":"(888) 501-7085", "ListBrokeragePostalCode":"48067", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":"Suite 105b", "ListBrokerageUnparsedAddress":"811 N. Main St.", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"39555 Orchard Hill Place Ste 600 ", "ListOfficeAddress2":"Suite 105b", "ListOfficeBrokerMlsId":"375382", "ListOfficeCity":"Novi", "ListOfficeCountry":"US", "ListOfficeEmail":"mi.broker@exprealty.net", "ListOfficePostalCode":"48375", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Multifamily, 2 Story, Detroit, MI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1565-W-Grand-Blvd_Detroit_MI_48208_M98756-48393?f=listhub&s=REALCOMPMI&m=20261041443&c=rexren", "MLSModificationTimestamp":"2026-10-01 17:48:20", "Neighborhoods":[{"Description":null, "Name":"Bela Hubbards Sub"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6283, "TaxDescription":"W-W GRAND BLVD S 20 FT 19 N 20 FT 20 BLK 13 BELA HUBBARDS SUB L13 P5 PLATS, W C R 14/76 40 X 125", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/1/2026 10:32:54 PM GMT
Source Updated Date: 10/6/2026 12:47:03 AM GMT

Courtesy of: Carlo Gobba, EXP Realty Main, carlo.gobba@exprealty.com

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.