2

Franklin Multifamily Homes & Duplexes for Sale

Section Image
  • /9

    $595,900

    • 8 Beds
    • 8 Baths
    • 5,054 Sq Ft

    18625 Schoenherr St, Detroit, MI 48205

    Investor Special! Exceptional investment opportunity with strong, stabilized rents with a 15% cap rate. This package deal includes an 8-unit apartment building and a 12-unit apartment complex, totaling 20 units. • 8-Unit Complex: Features updated windows and newer HVAC systems. • 12-Unit Complex: Equipped with newer HVAC systems. • All Units: 1-bedroom, 1-bathroom layouts in good condition. •

    Justin Zehel Keller Williams Paint Creek

    18625 Schoenherr St, Detroit, MI 48205
  • /69

    $60,000

    • 6 Beds
    • 4 Baths
    • 3,060 Sq Ft

    13449 Greiner St, Detroit, MI 48205

    Prime Investment Opportunity! This bundled package includes two multi-family homes (13505 & 13449 Greiner St) and two vacant land parcels (13523 & 13515 Greiner St), offering incredible potential for investors and developers alike. The multi-family properties generate steady rental income, while the adjacent vacant lots provide space for expansion or new construction. Conveniently located in a

    Erick Monzo Keller Williams Realty-Great Lakes

    13449 Greiner St, Detroit, MI 48205

Why Live in Franklin

Franklin, a neighborhood in northeast Detroit, is bordered by Gratiot Avenue, Schoenherr Street, and State Fair Avenue, providing residents with convenient access to local amenities and transportation. The area features homes from the 1920s to 1940s, including bungalows and colonial-style residences, many of which have been recently renovated. This revitalization has attracted new homeowners and investors, contributing to a dynamic housing market. Franklin's location along Seven Mile Road offers proximity to various shops, restaurants, and services, including Mike’s Fresh Market and dining options like Peking Chinese Food and Detroit Blues Café, known for its soul food and live blues performances. Outdoor enthusiasts can enjoy nearby Calimera Park and Wish Egan Field, which offer facilities for various recreational activities. The neighborhood's strategic location allows for easy travel to downtown Detroit, just 8.3 miles away, with frequent bus services available on Gratiot Avenue. Franklin's residents benefit from a variety of local amenities. Mike’s Fresh Market, located at the corner of Gratiot and Seven Mile, fulfills every grocery need, while conveniences such as pet shops, clothing stores, and liquor marts can be found up and down Gratiot. The neighborhood also boasts around a dozen restaurants, including both popular chains and local favorites. Among the hidden treasures of this neighborhood is Peking Chinese Food, popular for its expansive menu of Chinese American staples perfect for both sit-in and takeout. No place expresses Detroit’s cultural soul like the Detroit Blues Café, where visitors can dine on soul food staples and may have to resist the urge to get up and dance while listening to Detroit-style blues performed by live bands.

Home Trends in Franklin, MI

Housing Trends

Median Sale Price
$243,440
Median Single Family Sale Price
$243,440
Average Price Per Sq Ft
$150
Number of Homes for Sale
3
Last 12 months Home Sales
39
Months of Supply
0.90
Median List Price
$239,900
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
-19%
How to Buy a Home How to Finance a Home How to Sell a Home