$2,350,000

575 E Lincoln St Birmingham, MI 48009

Estimated payment $14,149/month

Total Views 4,431
-- Bed
15 Baths
8,642 Sq Ft
$272 Price per Sq Ft

About This Home

Exceptionally rare opportunity to acquire a fully occupied eight-unit apartment building on the north side of Lincoln in downtown Birmingham. Positioned on approximately .40 acres spanning four contiguous lots, the property presents a compelling opportunity for both investors and developers. The existing building offers strong in-place occupancy with room for thoughtful modernization, while the underlying land provides long-term redevelopment potential in one of Birmingham’s most established and desirable residential corridors. Built in 1981, the building has been carefully maintained and remains 100% occupied. The apartments are clean and functional, with generous layouts, in-unit laundry, forced-air heating, central A/C, and individually metered utilities. Properties of this scale and location rarely become available, particularly within walking distance of downtown Birmingham’s shops, restaurants, and entertainment. Please do not walk the premises unless given consent by listing agents.

Listing Agent

Renee Lossia Acho

KW Domain License #6501305857 Listed on: 04/11/2026

KW Domain

Co-Listing Agent

Lanie Hardy Cosgrove

KW Domain License #6501261101

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,264

Year Built

  • Built in 1981 | Remodeled in 2000

Lot Details

  • Lot Dimensions are 165 x 107

Parking

  • 16 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Listing and Financial Details

  • Assessor Parcel Number 1936257045

Community Details

Overview

  • 8 Units
  • Lincoln Woodward Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,264

Year Built

Built in 1981 | Remodeled in 2000

Lot Details

0.4 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1981
  • State Equalized Value: 879050.00
  • Year Renovated: 2000
  • Pets Allowed: Call
  • Property Sub Type: MultiFamily
  • Co List Office Mls Id: 391898
  • Co List Office Phone: 2485900800
  • Co List Office Mls Id: 391898
  • Above Grade Finished Sq Ft: 8642.00
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: No
  • Full Bathrooms: 8
  • Half Bathrooms: 7

Exterior Features

  • Waterfront: No
  • Foundation Details: Slab
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Sideof Street: N
  • Disclosures: ActualIncome, TaxesNotHomesteadExempt
  • Roof: Asphalt

Garage/Parking

  • Garage: No
  • Total Parking Spaces: 16.00

Utilities

  • Cooling: CentralAir, SeparateMeters
  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Heater Fuel: Common, NaturalGas
  • Water Source: Public
  • Laundry Features: InUnit
  • Utilities: AboveGroundUtilities, CableAvailable

Schools

  • Junior High Dist: Birmingham

Lot Info

  • Lot Dimensions: 165 x 107
  • Parcel Number: 1936257045
  • Zoning Description: Residential

Rental Info

  • Rent Includes: Sewer, SnowRemoval, TrashCollection, Water, YardMaintenance
  • Monthly Rental Income: 11855.00

Tax Info

  • Tax Amount Summer: 16258.00
  • Tax Amount Winter: 4006.00
  • Tax Annual Amount: 20264.00

Multi Family

  • Gross Scheduled Income: 142260.00
  • Number Of Units Total: 8

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $20,178 $879,050 $0 $0
2024 $15,853 $809,080 $0 $0
2023 $15,129 $756,790 $0 $0
2022 $18,238 $663,640 $0 $0
2021 $17,779 $579,960 $0 $0
2020 $14,099 $554,720 $0 $0
2019 $17,467 $530,780 $0 $0
2017 $16,834 $458,990 $0 $0
2015 -- $417,320 $0 $0
2014 -- $397,530 $0 $0
2011 -- $444,520 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2026 04/14/26 For Sale $2,350,000 -- $272 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20261024206

Realcomp
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