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Palmer Park Multifamily Home for Sale

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    $1,500,000

    • 30 Beds
    • 30 Baths
    • 18,096 Sq Ft

    255 Merton Rd, Highland Park, MI 48203

    Excellent Value add opportunity! FINANCING IN PLACE-JUST BRING A BUYER ready to put 20-30% down All units are 2BR/2BA and +1,000sqft One gas, one water meter (Landlord pays Water and Gas) Tenants pay electric Meticulously Maintained 15 parking spaces in rear. Current rents are below market. Partner with our lender for financing Aaron B. Lewis ablewis at nexamortgagae dot com NMLS#2705616

    Daryl Harris Black Diamond Realty

    255 Merton Rd, Highland Park, MI 48203

Why Live in Palmer Park

Palmer Park in Detroit is a neighborhood celebrated for its central location, historic apartment district, and the expansive 296-acre Palmer Park. This area has seen significant revitalization through community efforts, particularly by People for Palmer Park (PFPP), which has transformed the park into a lively hub featuring playscapes, a splashpad, a 2.5-mile nature trail, and an apple orchard. The park is a focal point for annual events like the Harvest Festival and a Farmer’s Market, and it will soon host free concerts with the addition of an amphitheater. Shopping is convenient, with major retailers such as Meijer and Marshalls located at the intersection of Woodward and 8 Mile, while the Avenue of Fashion on Livernois offers a variety of boutiques and dining options, including coney staples and casual sit-down restaurants. The neighborhood is both walkable and bikeable, supported by ample public transit options and proximity to major freeways like The Lodge and Interstate 75, which are about 3 miles away. Housing in Palmer Park is diverse, featuring historic apartments, townhouses, condos, and ranch-style homes, catering to a range of preferences and budgets. The community's compact layout and paved bike lanes make it easy to navigate without a car, although many residents choose to own one.

Home Trends in Palmer Park, MI

Housing Trends

Median Sale Price
$215,000
Median Single Family Sale Price
$215,000
Average Price Per Sq Ft
$106
Last 12 months Home Sales
3
Median List Price
$229,900
Median Change From 1st List Price
-1%
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