19131 Lahser Rd, Detroit, MI, 48219
About This Home
Strong multifamily investment opportunity! This 16-unit apartment building offers immediate income with 12 units currently occupied, providing solid cash flow from day one. The remaining vacant units present clear upside for increased revenue through lease-up, rent optimization, and value-add improvements over time. Well-positioned on Lahser Road, the property offers convenient access to major freeways, public transportation, shopping, schools, and everyday amenities—helping support consistent tenant demand. This location makes it attractive for both long-term renters and investors focused on stable occupancy. Ideal for both seasoned and first-time multifamily investors, this asset provides multiple strategies to increase value, whether through improving operations, raising occupancy, or repositioning the property within the market. With strong in-place income and additional upside potential, this is a great opportunity to expand or strengthen your investment portfolio.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1963
Materials
- Foundation: Basement,Brick Mortar
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Private Storage Locker,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 28
- Bathrooms: 16
- Full bathrooms: 16
Features
- Finished area above ground: 15,106
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 15,106 sqft
Property
Details
- Parcel number: W22I113657S
- Zoning description: Residential
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 0.35 Acres
- Lot size dimensions: 122 x 135
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,550 | $54,600 |
| Home Insurance * | $1,969 | $23,628 |
| Property Taxes | $1,102 | $13,224 |
| Electricity | $1,647 | $19,772 |
| Total | $9,268 | $111,216 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-02 | Listed for sale | $900,000 |
| 2026-04-03 | Price change | $650 |
| 2026-02-27 | Price change | $700 |
| 2026-02-14 | Listed for rent | $720 |
| 2023-09-18 | Sold | $725,000 |
| 2023-08-03 | Pending sale | $725,000 |
| 2023-06-22 | Price change | $725,000 |
| 2023-04-24 | Listed for sale | $800,000 |
| 2023-04-12 | Pending sale | $800,000 |
| 2023-04-07 | Price change | $800,000 |
| 2023-03-04 | Listed for sale | $880,000 |
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