1561 W Grand Boulevard, Detroit, MI 48208

• 4 baths |
• 2,662 sqft

Property Description

Turnkey, fully renovated triplex offering immediate income potential and attractive investment metrics in one of Detroit's rapidly improving neighborhoods. Located just minutes from Downtown Detroit, New Center, Henry Ford Hospital, Wayne State University, and major freeway access, this multifamily property is ideally positioned for both strong rental demand and long-term appreciation. All three units have been extensively updated with modern finishes, including renovated kitchens featuring quartz countertops, updated cabinetry, and beautifully remodeled bathrooms with quartz surfaces and contemporary fixtures. Investors will appreciate the significant capital improvements already completed, reducing near-term maintenance expenses and enhancing tenant appeal. The property is projected to generate approximately $3,300 per month ($39,600 annually) in gross rental income, with the second-floor unit currently leased at $1,200 per month. The first-floor unit is projected at $1,300 per month and the third-floor unit at $800 per month, providing immediate upside through lease-up of the remaining units. With a projected gross rent multiplier under 9 and estimated cap rate approaching 7%, this property presents a compelling opportunity for investors seeking cash flow, appreciation potential, and a renovated asset requiring minimal additional investment. Whether adding to an established portfolio or entering the multifamily market, this property checks all the boxes for today's investor. Rare opportunity to acquire a fully renovated triplex with strong income potential, modern finishes, and an unbeatable location near Detroit's largest employment, medical, and educational centers. Buyer and Buyer's Agent to verify all information. BATVAI.

Listing Status:

Active

Data Last Updated:

June 20, 2026 at 7:43AM

Listing Office:

EXP Realty Birmingham : 2486860024

Listing Agent:

Paul Mychalowych : 2489352754

MLS ID:

20261038699

Interior

• Basement: FullUnfinished
• Heating: Forced airNatural gas

Exterior

• Style: Triplex
• Pool: None

Construction

• General: BrickThreeBasementBlock

Location

• Road/Access: Paved
• Originating MLS: Realcomp II Ltd
• School District: Detroit
• County: Wayne

Lot

• Zoning: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2025. W-W GRAND BLVD S 30 FT 20 N 10 FT 21 BLK 13 BELA HUBBARDS SUB L13 P5 PLATSW C R 14/76 40 X 125W14I008158S

Utilities

• Water: Public
• Sewer: Public sewer

Financial

• Source: Realcomp II Ltd