Multifamily Commercial Real Estate for Sale in Michigan

Browse 187 multifamily properties for sale in Michigan (MI) with an average asking sale price of $259 per SF and an average size of 11,560 SF.

Current Inventory187
Average Available Size11,560 SF
Total Available Size23,120 SF
Average Asking Price$1,637,990
2138 N Carolina listing image
Sale Multifamily

2138 N Carolina

2138 N Carolina St, Saginaw, MI 48602

  • $389K
  • 32,682 SF building
  • 4 ac

PRICE REDUCED! City approved senior care zoning.38 Bed Facility with room for another 12 Condos!50 beds possible.Plans and drawings ready for pickup.Campus-like setting.

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114 N Washington Street listing image
Sale RetailMultifamily

114 N Washington Street

114 N Washington St, Owosso, MI 48867

  • $345K
  • 2,508 SF building
  • 0 ac

114 N. Washington Street is a mixed-use property in Downtown Owosso’s Central Business District, offering approximately 2,508 square feet of commercial and residential space. The highly visible storefront includes original-style tin ceilings and updated interior finishes suitable for retail, professional, or specialty business use.The property includes two updated apartments, both currently occupied by tenants, along with a full basement providing additional space for storage, inventory, workshop use, or other business needs. Building features include central air conditioning, forced-air heat, a flat roof, two parking spaces, and public water and sanitary sewer service.Located on the main block of Downtown Owosso, the property is near restaurants, shops, community events, and other downtown amenities. Owosso is designated as a Michigan Main Street community. The business currently operating at the property is also available for purchase separately, providing the option to acquire the real estate, the business, or both.

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231 SB Gratiot listing image
Sale OfficeMultifamily

231 SB Gratiot

231 Southbound Gratiot Ave, Mount Clemens, MI 48043

  • $199K
  • 2,706 SF building
  • 0 ac

Best suited for buyers seeking a value-added project. 2,706 SF with 1 car garage and basement. Formerly used as an accounting office with potential for conversion to multi-tenant office, retail or residential. Current MU multi use zoning. Remodel and reuse or reconfigure for residential apartments. Frontage on NB and SB Gratiot. Includes additional lot for future expansion. Ideal for renovation-minded purchasers2,706 SF 2 story with basement and garage.Previously used as an accounting office.Strong potential for residential conversion.Includes additional vacant lot for future useNewer roof and boiler

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Sale Multifamily

Mayfair Townhomes

24949 Mayfair St, Flat Rock, MI 48134

  • 9 ac

87-Unit Townhome Community: Well-maintained asset offering scale, operational efficiency, and consistent rental incomeAcross from Ford Motor Company Flat Rock Assembly Plant | Immediate I-75 Access: Prime location near a major employment hub with strong regional connectivity to Detroit and surrounding areasRecent Unit Upgrades Completed: Numerous interior improvements over the past 12 months, enhancing tenant appeal and reducing near-term capital needsAttractive Townhome-Style Unit Mix: Spacious layouts with private entrances support strong occupancy and tenant retentionRUBS Implementation Opportunity: Ability to increase NOI through utility cost recoveryClose to Downtown Flat Rock Amenities: Convenient access to local shopping, dining, and services

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Sale Multifamily

Jackson MI Portfolio

235 W Washington Ave, Jackson, MI 49201

  • $1.1M
  • 0 ac

Historically 95% OccupiedValue-Add Opportunity - Protentional to increase NOI by increasing rents and implementing a RUBSLocated in a Opportunity Zone and Downtown Jackson23 Rentable Units with 5 GaragesHigh Rental DemandNear major employers including Consumers Energy, CMS Energy, and MiraMed

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Sale Multifamily

Black River Flats Apartments

2151 Heyboer Dr, Holland, MI 49423

  • 5 ac

240-Unit Newly Constructed Multifamily Community featuring modern floor plans and desirable resident amenities90% Occupied Asset offering immediate cash flow with continued lease-up potentialModern Unit Interiors featuring in-unit washers and dryers, contemporary finishes, and spacious layouts designed to meet today's renter preferencesLocated Along West Michigan's Growth Corridor with convenient access to M-40, I-196, and US-31, connecting residents to Holland, Zeeland, and Grand RapidsConvenient Access to Major Employment Centers including LG Energy Solution, Haworth, MillerKnoll, Gentex, Corewell Health, and the broader Grand Rapids MSAMinutes from Downtown Holland offering award-winning dining, shopping, entertainment, and the nationally recognized Tulip Time FestivalClose Proximity to Lake Michigan Beaches and Outdoor Recreation, providing residents access to Holland State Park, Lake Macatawa, and miles of waterfront amenitiesLocated Within One of West Michigan's Strongest Rental Markets, supported by a diverse employment base in advanced manufacturing, healthcare, furniture design, and food processing

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