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 $260,514. Multi-family home sale prices in Michigan have a median of $144,998. The last 24 months of sales history has seen 1,574 sales, with 466 sales greater than $250,000, 74 sales valued at over $1,000,000, and 10 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 $63.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,109 $104
Median price/sqft $91 $63
Average sold price $1,832,451 $537,258
Median sold price $235,760 $144,998
Number of sales 394,631 1,574
Number of sales over $250k 190,624 466
Number of sales over $1m 57,029 74
Number of sales over $10m 10,389 10
Average total tax amount $12,449 $11,951
Average assessed value $768,161 $260,514
Average market value $1,526,854 $522,610

Michigan multi-family home property averages

The average lot size of multi-family homes in Michigan is 12,116 sf. This is 53% above the United States average. The average building area is 45 sf and the median year built is 1958.

Property averages United States Michigan
Average lot size 86,735 sf 651,487 sf
Median lot size 6,967 sf 12,116 sf
Average building area 845 sf 66 sf
Median building area 63 sf 45 sf
Median year built 1948 1958
Average number of units 16 11
Median number of units 2 2

Michigan multi-family home total supply

There are 19,853 multi-family homes in Michigan. This is 198% below the United States average. The total acerage is 210,164 acres and the aggregate building area for multi-family homes in Michigan is 523,945 sf.

Supply United States Michigan
Number of parcels 4,362,507 19,853
Aggregate lot acerage 94,836,189 210,164
Aggregate building area 1,690,177,758 sf 523,945 sf
Aggregate units 49,569,012 97,779

Michigan multi-family home industrial mortgages

There are 27,007 mortgages for multi-family homes across Michigan in the Reonomy database. The average value of those mortgages is $6,746,648. This is 131% above the United States average.

Debt United States Michigan
Number of mortgages 10,586,379 27,007
Average value of mortgages $1,390,061 $6,746,648

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