Multi-family home in Michigan

Search multi-family home records in Michigan to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Michigan commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.

Popular searches around Michigan

Reonomy operates the most comprehensive database for Michigan Multi-family Home and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Michigan commercial real estate professionals. Members from Michigan include brokers, investors and service providers, many of whom specialize in Michigan Multi-family Home.

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Michigan multi-family home sold prices and values

The average assessed value of multi-family homes in Michigan is $50,115. Multi-family home sale prices in Michigan have a median of $100,020. The last 24 months of sales history has seen 1,320 sales, with 123 sales greater than $250,000, 2 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of multi-family homes in Michigan over the last 24 months is $65.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $366 $75
Median price/sqft $112 $65
Average sold price $665,694 $127,315
Median sold price $194,792 $100,020
Number of sales 41,638 1,320
Number of sales over $250k 15,895 123
Number of sales over $1m 2,975 2
Number of sales over $10m 364 --
Average total tax amount $6,142 $2,253
Average assessed value $292,404 $50,115
Average market value $271,772 $80,754

Michigan multi-family home property averages

The average lot size of multi-family homes in Michigan is 7,493 sf. This is 6% above the United States average. The average building area is 39 sf and the median year built is 1948.

Property averages United States Michigan
Average lot size 126,908 sf 523,030 sf
Median lot size 7,040 sf 7,493 sf
Average building area 591 sf 61 sf
Median building area 84 sf 39 sf
Median year built 1970 1948
Average number of units 30 82
Median number of units 2 16

Michigan multi-family home total supply

There are 22,521 multi-family homes in Michigan. This is 189% below the United States average. The total acerage is 102,299 acres and the aggregate building area for multi-family homes in Michigan is 750,990 sf.

Supply United States Michigan
Number of parcels 869,086 22,521
Aggregate lot acerage 3,251,312 102,299
Aggregate building area 160,197,497 sf 750,990 sf
Aggregate units 5,064,400 188,049

Michigan multi-family home industrial mortgages

There are 959 mortgages for multi-family homes across Michigan in the Reonomy database. The average value of those mortgages is $344,912. This is 80% below the United States average.

Debt United States Michigan
Number of mortgages 82,926 959
Average value of mortgages $812,786 $344,912

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