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575 E Lincoln St, Birmingham, MI, 48009

16beds
1baths
8,642sqft
$2,350,000
$272price/sqft
$15,983/moest. monthly cost
$639,320/yrincome needed

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.

Getting Around

84
WalkingVery Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Schools

10/10
Pierce Elementary SchoolGrades PK-50.5 mi
9/10
Derby Middle SchoolGrades 6-81.0 mi
8/10

Construction

Condition

  • Year built: 1981

Materials

  • Foundation: Slab
  • Roof: Asphalt
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2000

Type & Style

  • Home type: MultiFamily
  • Architectural style: Common Entry Building
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 16
  • Bathrooms: 1
  • Full bathrooms: 8
  • 1/2 bathrooms: 7

Features

  • Finished area above ground: 8,642

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Separate Meters

Interior Area

  • Total interior livable area: 8,642 sqft

Property

Details

  • Parcel number: 1936257045
  • Zoning description: Residential
  • Special condition: Short Sale No,Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 0.40 Acres
  • Lot size dimensions: 165 x 107

Parking

  • Total spaces: 16
  • Parking features: Parking Lot,Paved,Unassigned