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 $249,255. Multi-family home sale prices in Michigan have a median of $149,668. The last 24 months of sales history has seen 1,490 sales, with 447 sales greater than $250,000, 67 sales valued at over $1,000,000, and 9 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 $64.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $910 $104
Median price/sqft $91 $64
Average sold price $1,680,682 $542,286
Median sold price $234,106 $149,668
Number of sales 391,282 1,490
Number of sales over $250k 188,191 447
Number of sales over $1m 56,456 67
Number of sales over $10m 10,038 9
Average total tax amount $12,318 $11,440
Average assessed value $708,111 $249,255
Average market value $996,777 $501,351

Michigan multi-family home property averages

The average lot size of multi-family homes in Michigan is 11,459 sf. This is 48% above the United States average. The average building area is 43 sf and the median year built is 1954.

Property averages United States Michigan
Average lot size 86,955 sf 766,079 sf
Median lot size 6,958 sf 11,459 sf
Average building area 804 sf 65 sf
Median building area 63 sf 43 sf
Median year built 1948 1954
Average number of units 16 11
Median number of units 2 2

Michigan multi-family home total supply

There are 19,094 multi-family homes in Michigan. This is 198% below the United States average. The total acerage is 325,756 acres and the aggregate building area for multi-family homes in Michigan is 489,608 sf.

Supply United States Michigan
Number of parcels 4,344,064 19,094
Aggregate lot acerage 94,718,650 325,756
Aggregate building area 1,603,418,712 sf 489,608 sf
Aggregate units 49,773,867 91,412

Michigan multi-family home industrial mortgages

There are 25,036 mortgages for multi-family homes across Michigan in the Reonomy database. The average value of those mortgages is $6,872,190. This is 132% above the United States average.

Debt United States Michigan
Number of mortgages 10,181,937 25,036
Average value of mortgages $1,395,676 $6,872,190

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