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Sold for $550,000
  • $550,000

    16501-16561 Greenfield Rd, Detroit, MI 48235

    64beds
    22,377sqft
    Multi Family
    Built in 1958
    -- sqft lot
    $550,300 Zestimate®
    $25/sqft
    $1,111 Estimated rent

    Home value

    $550,300

    $512,000 - $589,000

    $1,111/mo

    Zestimate® history
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    What's special

    INVESTOR SPECIAL! 56 unit complex that can be sold as a package. Each property is being listed individually. Refer to all address below for individual listed prices. Will sell separately for the right offer. 100% vacant add value properties. Good roofs and most windows updated! Mix between 1 and 2 bedroom units. Mostly 1 bed 1 bath. Units need turned and rented. Will be a cash cow for an investor! Greenfield road is the main strip from the city to the suburbs where the city busses run! Ample amount of parking spaces! Serious buyers only. Seller financing is available but seller needs 50% down. Looking for cash buyers. Addresses included are: 16600-16620 Greenfield, Detroit (80 Units) and 2255 Webb, Detroit (156 Units)

    Zillow last checked: 8 hours ago

    Listing updated: February 04, 2026 at 02:55pm

    Listed by:

    Justin Zehel 248-979-3466,

    Keller Williams Paint Creek

    Bought with:

    Justin Zehel, 6501397844

    Keller Williams Paint Creek

    Source: MiRealSource,MLS#: 50175093MLS LogoOriginating MLS: MiRealSource

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 64
    • Bathrooms: 56
    • Full bathrooms: 56
    Heating
    • Boiler
    Features
    • Has basement: Yes
    • Has fireplace: No
    Interior area
    • Total structure area: 22,377
    • Total interior livable area: 22,377 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.58 Acres
    • Dimensions: 25265
    Details
    • Parcel number: 2205080920
    • Special conditions: Private

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Foundation: Basement
    Condition
    • Year built: 1958

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sanitary
    • Water: Public

    Community & neighborhood

    Location
    • Region: Detroit
    • Subdivision: Inglewood Park Sub 4

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash

    Price history

    DateEventPrice
    2/2/2026Sold$550,000-44.7%$25/sqft
    Source: MiRealSource #50175093 Report a problem
    9/24/2025Price change$995,000-23.5%$44/sqft
    Source: MiRealSource #50175093 Report a problem
    8/15/2025Price change$1,299,900-13.3%$58/sqft
    Source: MiRealSource #50175093 Report a problem
    5/17/2025Listed for sale$1,499,900$67/sqft
    Source: MiRealSource #50175093 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Crary

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Detroit City School District

    Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value$550,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $550,300