$284,900
17951 Prospect St, Melvindale, MI 48122
3 unit fully leased out with all leases come up in February and all want to stay. All rents are below the current rate and can be raised. Excellent location. New Boiler and Hot Water Heater. LOTS INCLUDED ARE 191& 192. Close to shopping and expressway. Landlord pays all utilities. Excellent Investment opportunity. No showings until an offer is accepted, do not approach the tenants.
Alia Belbeisi Max Broock Realtors
Explore Melvindale
$344,900
18259 Prospect St, Melvindale, MI 48122
This 2,162 sq ft duplex on a double lot offers 6 bedrooms and 2 full baths, perfect for investors or owner-occupants looking to live in one unit and rent the other. Each unit is 1,081 sq ft with 3 bedrooms and 1 bath. The lower unit features stainless GE appliances, a custom-tiled bath with a multi-head shower, newer fixtures, hardwood floors, and a private entry to the third bedroom with covered
Abe Taleb RE/MAX Leading Edge
Melvindale, located in Wayne County, Michigan, is a small city suburb of Detroit with a population of just over 12,500 residents. Known for its welcoming small-town atmosphere and family-friendly amenities, Melvindale is situated 10 miles from downtown Detroit and offers convenient access to Interstate 94, making it easy for commuters to reach nearby areas like Dearborn, Taylor, and Allen Park. The SMARTbus system also serves the city, providing transportation to surrounding suburbs and downtown Detroit. Housing in Melvindale primarily consists of single-story bungalow and ranch-style homes, many featuring well-landscaped yards and front porches. The local dining scene includes popular spots like Sabinas Restaurant, known for its authentic Polish cuisine, and Melvindale Coney Island, offering classic American fare. For shopping, residents can visit the nearby Fairlane Green, located about 2 miles away, which includes stores like TJ MAXX, Target, and Barnes & Noble. Attractions such as the Henry Ford Museum of American Innovation are just under 5 miles away, providing educational and entertainment options. Outdoor activities are plentiful, with De Luca Field offering picnic tables, playscapes, and baseball fields, while Melvindale Skatepark caters to skateboarders. Soccer enthusiasts can enjoy the facilities at Kessey Fieldhouse. Melvindale's public schools offer various athletic programs and college credit opportunities, although they have mixed ratings. The community stays connected through annual events like the Tree Lighting Ceremony, Melvindale Days Festival, and Trunk or Treat Harvest Fest, which draw large crowds and foster a strong sense of community.
On average, homes in Melvindale, MI sell after 24 days on the market compared to the national average of 52 days. The median sale price for homes in Melvindale, MI over the last 12 months is $150,000, up 7% from the median home sale price over the previous 12 months.
In Melvindale, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $284,900 to $344,900, there's a range to accomodate every budget. As of September, 2025 the median home price in Melvindale is $159,900, while the average sale price is $151,123, offering insights into the local housing market. On average, multi-family homes spend 24 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Melvindale, MI.
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