For sale

$365,000

485 E Grand Blvd, Detroit, MI 48207

--beds

2,884sqft

$3,265/mo

Get pre-qualified

Multi Family

Built in 1912

-- sqft lot

$-- Zestimate^®

$127/sqft

$-- HOA

What's special

Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with ten long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.

99 days
313
37

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 6
Full bathrooms: 4
1/2 bathrooms: 2

Heating

Hot Water, Natural Gas

Features

Basement: Full,Unfinished
Has fireplace: No

Interior area

Total interior livable area: 2,884 sqft
Finished area above ground: 2,884

Property

Features

Levels: Three
Stories: 3
Patio & porch: Covered, Porch
Pool features: None
Fencing: Fenced

Lot

Size: 0.27 Acres
Dimensions: 80.00 x 146.00

Details

Parcel number: W15I008064S
Zoning description: Commercial
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Brick
Foundation: Basement, Block
Roof: Asphalt

Condition

New construction: No
Year built: 1912

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: MORE THAN ONE SUBDIVISION INVOLVED

Location

Region: Detroit

Financial & listing details

Price per square foot: $127/sqft
Tax assessed value: $48,534
Annual tax amount: $4,191
Date on market: 7/9/2026
Cumulative days on market: 100 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Exclusions: Exclusion(s) Do Not Exist

Estimated market value

Not available

Estimated sales range

Not available

$1,441/mo

Price history

Date	Event	Price
7/9/2026	Listed for sale	$365,000$127/sqft
Source: Realcomp II #20261052633 Report a problem
1/10/2026	Listing removed	$365,000$127/sqft
Source: Realcomp II #20251013684 Report a problem
10/10/2025	Price change	$365,000-8.8%$127/sqft
Source: Realcomp II #20251013684 Report a problem
9/10/2025	Pending sale	$400,000$139/sqft
Source: Realcomp II #20251013684 Report a problem
7/2/2025	Listed for sale	$400,000-11.1%$139/sqft
Source: Realcomp II #20251013684 Report a problem
6/13/2023	Listing removed	--
Source: Real Estate One Report a problem
3/2/2023	Listed for sale	$450,000$156/sqft
Source: Real Estate One #20230014418 Report a problem