8 beds6,970 sqft$55/sqft
16217 Greenfield Road, Detroit, MI 48235
Est: $2,367/moGet pre-approved

Description

Excellent Investment in Detroit with over 10% Cap Rate This is a 100% fully occupied 6 apartment building with a lot of long term tenants. Electricity is paid by tenants. Rent rolls will be provided upon request. Please do not disturb tenants. No showings until we have an accepted offer.Excellent Investment in Detroit with over 10% Cap Rate This is a 100% fully occupied 6 apartment building with a lot of long term tenants. Electricity is paid by tenants. Rent rolls will be provided upon request. Please do not disturb tenants. No showings until we have an accepted offer.
LISTING UPDATED: 07/31/2026 10:13 PM

  1. Listed by Daryl B Harris • Brokerage DRE #6505417671 • Black Diamond Realty
    P: (313)-727-3886 C: (313)-727-3886 contact@blackdiamondmi.com

Property Details for 16217 Greenfield Road

Status
MLS #
20261060088
Days on Market
2
Taxes
$5,227 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1962
Lot Size
0.16 AC / 6,969 SF
Architectural Style
Colonial
Waterfront
No
Zoning Description
Multi-Family
Senior Community
No

Location

Listing Courtesy of Black Diamond Realty
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Building Information for 16217 Greenfield Road

Stories-Residences6Year Built1962Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$2,367 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,931

Property Taxes

$436

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 16217 Greenfield Road

Summary
Location and General Information
  • Directions: West Side Of Greenfield Road
  • Latitude: 42.409931
  • Longitude: -83.199528
  • Cross Street: S of Mc Nichols Rd/E of Southfield Rd
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W22I050824S
  • Tax Amount Summer: $4,590.00
  • Tax Amount Winter: $637.00
  • Tax Annual Amount: $5,227.00
  • Tax Assessed Value: $60,947.00
  • Tax Legal Description: W GREENFIELD W 142.4 OF N 50 FT OF S 100 FT 19 GREENFIELD ACRES SUB L32 P17 PLATS, W C R 22/9 50 X 142.4
School Information
  • High School District: Detroit
Parking
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Lot Size Acres: 0.16
  • Lot Size Dimensions: 50X142.4
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 78100.0
  • Living Area: 6970.0
  • Building Area Total: 6970.0
  • Above Grade Finished Area: 6970.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 4018.0
  • Class Name: Residential Income
  • Living Area Source: Public Records
  • New Construction: No
  • Year Built: 1962
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Brick Mortar
  • Levels: Two
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 6.0
  • Basement: Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Has Cooling: No
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • UnitOneBedNumberOf: 4
  • UnitTwoBedNumberOf: 2
Multi Family
Multi Family Information
  • Number of Units Leased: 5
  • Number of Units Total: 6
Income & Expenses
  • Gross Scheduled Income: $49,800.00
  • Net Operating Income: $29,880.00
Unit Information
Unit 1
  • Total Bathrooms: 1
  • Sq Ft: 650.0
  • Type: One Bedroom
  • Total Units: 4.0
Unit 2
  • Total Bathrooms: 1
  • Sq Ft: 750.0
  • Type: Two Bedroom
  • Total Units: 2.0
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $4,150.00
  • Existing Lease: Yes
  • Pets Allowed: Yes

Property History for 16217 Greenfield Road

DateEvent & SourcePriceAppreciation
Jul 31, 2026

Listed (Active)

MiRealSource #61016890

$380,000
Jul 31, 2026

Listed (Active)

Realcomp #20261060088

$380,000
Nov 14, 2025

Permanently Off Market

Michigan Regional Information Center #25040401

$900,000
DateEvent & SourcePrice
07/31/2026

Listed (Active)

MiRealSource #61016890

$380,000
07/31/2026

Listed (Active)

Realcomp #20261060088

$380,000
11/14/2025

Permanently Off Market

Michigan Regional Information Center #25040401

$900,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 16217 Greenfield Road

Taxable ValueLand-Additions-Total-
Tax Record2025$4,590 ($382 / month)
Home Facts
Total Finished SqFt3,853 SqFtAbove Grade Finished SqFt3,853 SqFtUnfinished Basement SqFt1,196 SqFtStories2Lot Size6,970 SqFtStyleMulti-Family Res (5+ Units)Year Built1962Year Renovated1962ZoningR4CountyWAYNEAPN22050824.

Schools near 16217 Greenfield Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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16217 Greenfield Road is a multi-family home for sale in Detroit, MI 48235. This property was listed for sale on July 31, 2026 by Black Diamond Realty, it's currently listed at $380,000. It has been on the market for a total of 2 days and was last sold on March 12, 2022. This listing's school district is Detroit Public Schools Community District. Nearby schools include Bates Academy, Foreign Language Immersion And Cultural Studies and King John R. Academic And Performing Arts Academy. 16217 Greenfield Road is a 8-bed, 6-bath, 6,970 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Black Diamond Realty

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