NOT LISTED FOR SALE

13503 E McNichols Rd Detroit, MI 48205

Franklin Neighborhood

Estimated Value: $268,879

8 Beds
8 Baths
5,400 Sq Ft
$50/Sq Ft Est. Value

Sale Details

Date Sold: February 6, 2026

Last sale price $430,000 $80 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $1,955 / mo

About This Home

As of February 2026

Brick 8 unit apartment complex for sale on East Side! Roof in good condition. Windows have been updated to vinyl. Units have all been remodeled. Property is at a 10% cap. Right off Gratiot!

Last Agent to Sell the Property

Justin Zehel

Keller Williams Paint Creek License #MISPE-6501397844 Listed on: 02/06/2026

Keller Williams Paint Creek

Last Buyer's Agent

Justin Zehel

Keller Williams Paint Creek License #MISPE-6501397844 Listed on: 02/06/2026

Keller Williams Paint Creek

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1957

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60x100x60x100

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Boiler Heating System
  • Separate Meters

Community Details

  • 8 Units
  • Michael Greiner Estate Subdivision

Listing and Financial Details

  • Assessor Parcel Number 21020309-10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,038

Year Built

Built in 1957

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 10038
  • Year Built: 1957
  • Mail City: Detroit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Bedrooms: 8
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Source of Sq Ft: Realist

Exterior Features

  • Foundation Type: Slab

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 21020309-10
  • Lot Dimensions: 60x100x60x100
  • Acreage: 0.14
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2025, Amount: $6,235.00
  • Winter Tax: Year: 2024, Amount: $3,803.00
  • Total Tax: Amount: $10,038.00

Multi Family

  • Total Units: 8

MLS Schools

  • School District: Detroit City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2026
Closed on
Feb 3, 2026
Sold by
Northern Lakes Sapphire 1 Llc
Bought by
Alg Invests Llc
Seller's Agent
Justin Zehel
Keller Williams Paint Creek
Buyer's Agent
Justin Zehel
Keller Williams Paint Creek
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Views
1
Current Estimated Value
$268,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$161,121
Avg. Annual Appreciation
-85.86%

Purchase Details

Closed on
Oct 17, 2025
Sold by
Eastside Estates Llc
Bought by
Northern Lakes Sapphire 1 Llc

Purchase Details

Closed on
Dec 17, 2007
Sold by
Butler Cedric Foster and Butler Teressa A
Bought by
Eastside Estates Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alg Invests Llc -- Apollo Title
Northern Lakes Sapphire 1 Llc $250,000 First American Title
Eastside Estates Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2026 02/06/26 Sold $430,000 -4.4% $80 / Sq Ft
02/06/2026 02/06/26 For Sale $450,000 -- $83 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,235 $175,100 $0 $0
2024 $6,291 $165,300 $0 $0
2023 $6,049 $142,600 $0 $0
2022 $6,469 $124,900 $0 $0
2021 $6,284 $84,500 $0 $0
2020 $6,641 $69,000 $0 $0
2019 $6,182 $66,200 $0 $0
2018 $5,388 $75,100 $0 $0
2017 $1,083 $70,200 $0 $0
2016 $5,934 $69,200 $0 $0
2015 $5,641 $69,200 $0 $0
2013 $5,465 $69,161 $0 $0
2010 -- $74,484 $4,200 $70,284
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50198968

Michigan Multiple Listing Service

APN: 21-02030-910

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