Sold
Last Sold Price
64 beds22,377 sqft$25/sqft
16501-16561 Greenfield Road, Detroit, MI 48235
Multi FamilyProperty Type
0.58 acresLot Size
1958Year Built
$25/sq ftPrice per sq ft

Description

Investor special! 56 unit complex that can be sold as a package. Each property is being listed individually. Refer to all address below for individual listed prices. Will sell separately for the right offer. 100% vacant add value properties. Good roofs and most windows updated! Mix between 1 and 2 bedroom units. Mostly 1 bed 1 bath. Units need turned and rented. Will be a cash cow for an investor! Greenfield road is the main strip from the city to the suburbs where the city busses run! Ample amount...Investor special! 56 unit complex that can be sold as a package. Each property is being listed individually. Refer to all address below for individual listed prices. Will sell separately for the right offer. 100% vacant add value properties. Good roofs and most windows updated! Mix between 1 and 2 bedroom units. Mostly 1 bed 1 bath. Units need turned and rented. Will be a cash cow for an investor! Greenfield road is the main strip from the city to the suburbs where the city busses run! Ample amount of parking spaces! Serious buyers only. Seller financing is available but seller needs 50% down. Looking for cash buyers. Addresses included are: 16600-16620 Greenfield, Detroit (80 Units) and 2255 Webb, Detroit (156 Units)
  • Listed by: Justin Zehel 248.979.3466 Zehel@proteamkw.com Brokerage DRE #6505408421 • Keller Williams Paint Creek
Listing closed: 02/02/2026 12:00 AM • Source: MiRealSource, MLS#: 50175093

Recent comparable sales

Median sold price

$400,000

Avg days on market

32

Sale-to-list ratio

95.5%

Detroit, MI

9 comparable properties found

1

$686,500

Sold 05/29/26

Unavailable
Bedrooms
Unavailable
Bathrooms
18,966
Square Feet
0.5
Acres
$370,000 | 16660 Greenfield Road, Detroit, MI 48235
1/23
2

$370,000

Sold 08/12/25

24
Bedrooms
16,785
Square Feet
0.68
Acres
3

$600,000

Sold 05/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
17,512
Square Feet
0.54
Acres
4

$500,000

Sold 04/04/25

Unavailable
Bedrooms
Unavailable
Bathrooms
18,000
Square Feet
0.64
Acres
5

$400,000

Sold 01/13/26

Unavailable
Bedrooms
Unavailable
Bathrooms
18,002
Square Feet
0.59
Acres
6

$365,000

Sold 10/24/24

Unavailable
Bedrooms
Unavailable
Bathrooms
22,687
Square Feet
1.29
Acres
$80,000 | 15751-53 Greenfield Road, Detroit, MI 48227
1/9
7

$80,000

Sold 11/07/24

4
Bedrooms
2,004
Square Feet
0.17
Acres
8

$625,000

Sold 11/07/24

Unavailable
Bedrooms
Unavailable
Bathrooms
10,950
Square Feet
0.3
Acres
$152,000 | 16125 Marlowe Street, Detroit, MI 48235
1/42
9

$152,000

Sold 03/25/26

Unavailable
Bedrooms
1,152
Square Feet
0.11
Acres

Location

Listing Courtesy of Keller Williams Paint Creek

Sold By Keller Williams Paint Creek

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Payment Calculator

$5,136 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,796

Property Taxes

$2,341

HOA Dues

$0

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Property Information for 16501-16561 Greenfield Road

Property Details
  • Taxes: $28,089 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Architectural Style: 2 Story
  • Subdivision Name: Inglewood Park Sub 4
  • Has Waterfront: No
Building Information
  • Stories: 2
  • Residences: 56
  • Year Built: 1958
  • Lot Size: 0.58 AC / 25,264 SF
Summary
Location and General Information
  • Latitude: 42.410977
  • Longitude: -83.199529
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: 22050809-20
  • Tax Annual Amount: $28,089.00
School Information
  • High School District: Detroit
Property
Lot Information
  • Lot Size Acres: 0.58
  • Lot Size Dimensions: 25265
Property and Assessments
  • Above Grade Finished Area: 22377.0
  • Above Grade Finished Area Source: Public Records
  • Above Grade Finished Area Units: Square Feet
  • Building Area Source: Public Records
  • Building Area Total: 22377.0
  • Living Area: 22377.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1958
Building Features
  • Foundation Details: Basement
  • Levels: Two
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Has Basement: Yes
  • Full Bathrooms: 56
  • Total Bathrooms: 56
  • Total Bedrooms: 64
  • Has Cooling: No
  • Has Fireplace: No
  • Heating: Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 56

Property History for 16501-16561 Greenfield Road

DateEvent & SourcePriceAppreciation
Feb 2, 2026

Sold

Realcomp #58050175093

$550,000
Feb 2, 2026

Sold

MiRealSource #50175093

$550,000
Jan 6, 2026

Contract Signed

Realcomp #58050175093

DateEvent & SourcePrice
02/02/2026

Sold

Realcomp #58050175093

$550,000
02/02/2026

Sold

MiRealSource #50175093

$550,000
01/06/2026

Contract Signed

Realcomp #58050175093

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

Schools near 16501-16561 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 16501-16561 Greenfield Road, Detroit, MI 48235
$550,000
64
22,377
25,264
$2,000,000
22,377
25,265
$6,000
3
898
6,650
1
1,126
6,970
1
1,126
6,970
1
1,083
6,534

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 Keller Williams Paint Creek

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.