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 $233,103. Multi-family home sale prices in Michigan have a median of $148,458. The last 24 months of sales history has seen 1,342 sales, with 385 sales greater than $250,000, 42 sales valued at over $1,000,000, and 6 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 $66.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,160 $108
Median price/sqft $92 $66
Average sold price $1,830,969 $511,195
Median sold price $235,993 $148,458
Number of sales 391,842 1,342
Number of sales over $250k 189,768 385
Number of sales over $1m 56,662 42
Number of sales over $10m 10,279 6
Average total tax amount $12,886 $12,067
Average assessed value $770,459 $233,103
Average market value $1,523,927 $482,325

Michigan multi-family home property averages

The average lot size of multi-family homes in Michigan is 12,175 sf. This is 54% above the United States average. The average building area is 48 sf and the median year built is 1958.

Property averages United States Michigan
Average lot size 85,456 sf 604,926 sf
Median lot size 6,968 sf 12,175 sf
Average building area 852 sf 68 sf
Median building area 64 sf 48 sf
Median year built 1948 1958
Average number of units 16 9
Median number of units 2 2

Michigan multi-family home total supply

There are 18,350 multi-family homes in Michigan. This is 198% below the United States average. The total acerage is 188,495 acres and the aggregate building area for multi-family homes in Michigan is 485,190 sf.

Supply United States Michigan
Number of parcels 4,376,278 18,350
Aggregate lot acerage 143,298,268 188,495
Aggregate building area 1,711,306,961 sf 485,190 sf
Aggregate units 49,005,185 75,369

Michigan multi-family home industrial mortgages

There are 25,113 mortgages for multi-family homes across Michigan in the Reonomy database. The average value of those mortgages is $5,418,079. This is 118% above the United States average.

Debt United States Michigan
Number of mortgages 10,663,802 25,113
Average value of mortgages $1,379,229 $5,418,079

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