- For Sale $3,500,000
- Property Type Other
- Units 82
- Year Built 1929
- Date Updated Feb 18, 2025
Detroit Market Outlook
- Demand: Demand for apartments in Detroit increased to a three-year high.
- New construction: New construction slowed down, which reduced supply-side pressures.
- Absorption: New apartment construction was absorbed in the suburbs, but it was more difficult to absorb in the city.
- Operating expenses: Operating expenses at many buildings increased, including labor and insurance costs.
Rent Growth Outlook
- Rent growth is expected to continue to improve over the next 12–18 months.
- Rent growth is expected to accelerate, surpassing 5% by mid-2025.
- The gap between new supply and demand narrowed to its smallest point since early 2021, suggesting market stabilization in 2025.
Reach out to the broker for more info on lease terms and amenities
Highlights
- New EDPM Roof, Elevator, Boiler, HE Independent Hot Water System
- Gated Parking
- Section 8 Approved Units
- Extensive List of Capital Expenditures
- Green Light Program
- On-Site Office
False
Contacts
Location
Getting Around
-
Walk Score ®
35/100
Car-Dependent
-
Transit Score ®
48/100
Some Transit
-
Bike Score ®
58/100
Bikeable
- City Detroit, MI
- Neighborhood Winterhalter
- Zip Code 48206
- Market Detroit
Points of Interest
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Grand Boulevard
2.64 miles
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Baltimore Street
2.73 miles
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Detroit
2.74 miles
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Amsterdam Street
2.86 miles
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Ferry Street
3.13 miles
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Warren Avenue
3.34 miles
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Canfield Street
3.66 miles
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Checker Cab #977
3.90 miles
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Mack Avenue
4.01 miles
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Martin Luther King Junior Boulevard
4.01 miles
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Clark
0.10 miles
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Valero
0.47 miles
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Citgo
0.62 miles
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Marathon
0.78 miles
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Shamrock
0.88 miles
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Sunoco
0.95 miles
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Detroit Pistons Performance Center
2.60 miles
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Wayne State University - Parking Structure #5
2.93 miles
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Wayne State University - Lot #50
3.01 miles
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Wayne State University - Parking Structure #6
3.30 miles
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HFHS Employee Parking
1.99 miles
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HFHS Guest Parking
2.03 miles
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HFHS Staff Garge
2.11 miles
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HFHS Patient Employee Garage
2.14 miles
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Brigitte Harris Cancer Pavilion Garage
2.21 miles
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F Lot
2.22 miles
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HAP Lot C
2.25 miles
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HAP Lot A
2.30 miles
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HAP Lot B
2.33 miles
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Student / Vistor Parking Lot D
2.41 miles
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Town Motel
1.63 miles
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Rio Grand Motel
1.65 miles
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Pinkinn Motel
2.40 miles
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Hotel St. Regis
2.58 miles
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Paris Hotel
2.90 miles
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Fontaine Motel
3.20 miles
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The Inn on Ferry Street
3.21 miles
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Hamtramck Hotel & Hostel
3.59 miles
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El Moore
3.60 miles
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Veteran's Park Hotel
3.75 miles
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Dexter Coney Island
0.25 miles
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Blues Restaurant
0.57 miles
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A Eagles Coney Island
0.65 miles
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Jerry's Pizza and Barbeque
0.79 miles
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The Sleepy Potato
0.89 miles
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Curbside Soul Food
0.89 miles
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The Royal Grill
0.91 miles
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KFC
0.93 miles
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Church's Chicken
0.94 miles
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Burger King
0.94 miles
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Keidan Special Education Center
0.33 miles
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Hope Academy
0.57 miles
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Sacred Heart Major Seminary
0.71 miles
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Stewart Elementary-Middle School
0.83 miles
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Saint Cecilia School
0.87 miles
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Allen Academy
1.00 miles
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Louisiana Homes School
1.03 miles
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Joy Center Headstart
1.07 miles
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Detroit Job Corps Center
1.18 miles
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New Paradigm Glazer Academy
1.54 miles
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Angel Land Child & Parent Center
1.11 miles
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Sunnybrook Day Nursery
1.98 miles
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Henry Ford Kids Child Care Center
1.98 miles
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Pencil Palace Daycare & Nursery School
2.06 miles
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Puritan Cooperative Nursery
2.49 miles
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Starting Point Montessori School
2.52 miles
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Children's Village International Center
2.74 miles
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Early Education Center
2.94 miles
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Once Upon a Time Child World
3.02 miles
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Kingdom Kare Learning Center
3.02 miles
Frequently Asked Questions
The space currently listed for sale at Majestic Apartments asks for $3,500,000.
Majestic Apartments totals 37,620 square feet.
Majestic Apartments was built in 1929.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
