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Frankfort Street Apartments | Rehab Opp. 14420-14440 Frankfort St 32 Apartment Units Online Auction Sale Detroit, MI 48224
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Frankfort Street Apartments, at 14420-14440 Frankfort Street, present a one-building, 32-unit multifamily value-add opportunity.
- Fully vacant property is ready for rehab so that leasing momentum can be strategized via market-rate pricing and full occupancy.
- Nearby POIs include Shopper’s Lane Plaza, Parkside Plaza, Chene Park, William Milliken State Park & Harbor, and Belle Isle Park.
- Within Q3 2025, Detroit’s Far East Side Submarket continues to see vacancies decline and rent growth accelerate.
- Renovations have begun, enabling new ownership to finalize all remaining updates.
EXECUTIVE SUMMARY
The Thomas Duke Company is pleased to present the multifamily rehab opportunity of Frankfort Street Apartments to the market for significant upside potential. The building spans 32,260 square feet among three stories. It is currently built-out with a mix of 20 one-bed/ one-bath units averaging 550 square feet, and 12 two-bed/ one-bath units averaging 1,050 square feet. The fully vacant building has undergone some renovations, such as installing a new tear-off roof, vinyl windows and siding, soffit, house service panel upgrades, and miscellaneous plugs, outlets, and plumbing drainage throughout.
Nestled in the East English Village neighborhood of Detroit, the site is just off Interstate 94 and approximately 10 miles from Downtown Detroit. Local points of interest surrounding the site include the Wayne County Family Aquatic Center, Chandler Park, Roostertail Event Venue, the William G. Milliken State Park & Harbor, the Dossin Great Lakes Museum, and Ascension St. John Hospital. Convenient retailers for residents include CVS, Family Dollar, Starbucks, Kroger, Aldi, Panera Bread, LA Fitness, and many more.
Within the 3-mile radius of Frankfort Street Apartments, the population of 141,835 is expected to increase by 0.73% by 2029. Across the Detroit housing market, vacancies continue to decline, and rent growth is accelerating due to the market’s improving demographic backdrop, helping to stabilize the market. According to CoStar analytics, property owners are set to benefit from a tightening market in the near term. Annual rent growth is at 2.4% as of Q3 2025, rebounding from a recent low of 2.3%.
Property tours are available by appointment only. Please contact the broker to schedule.
Nestled in the East English Village neighborhood of Detroit, the site is just off Interstate 94 and approximately 10 miles from Downtown Detroit. Local points of interest surrounding the site include the Wayne County Family Aquatic Center, Chandler Park, Roostertail Event Venue, the William G. Milliken State Park & Harbor, the Dossin Great Lakes Museum, and Ascension St. John Hospital. Convenient retailers for residents include CVS, Family Dollar, Starbucks, Kroger, Aldi, Panera Bread, LA Fitness, and many more.
Within the 3-mile radius of Frankfort Street Apartments, the population of 141,835 is expected to increase by 0.73% by 2029. Across the Detroit housing market, vacancies continue to decline, and rent growth is accelerating due to the market’s improving demographic backdrop, helping to stabilize the market. According to CoStar analytics, property owners are set to benefit from a tightening market in the near term. Annual rent growth is at 2.4% as of Q3 2025, rebounding from a recent low of 2.3%.
Property tours are available by appointment only. Please contact the broker to schedule.
MATTERPORT 3D TOURS
3D Tour of the Two-Bed/ One-Bath Unit
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OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.75 AC |
| Sale Condition | Auction Sale | Building Size | 32,260 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 0% |
| No. Units | 32 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Low-Rise | Parcel Number | 21-003112 |
| Building Class | C | ||
| Zoning | R-2 | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 32,260 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1958 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R-2 |
| Parcel Number | 21-003112 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
Bike Score®
Very Bikeable (70)
SALE ADVISOR
SALE ADVISOR
Andrew Battersby, Senior Associate
Andrew Battersby joined the Thomas Duke Company in 2015, specializing in the sale and leasing of office, industrial, and investment grade commercial property in SE Michigan. Earning his real estate license by the age of 18, Andrew got into the business at a very young age and also worked in the research department of one of the area’s largest law firms.
Upon joining the Duke Company, Andrew quickly became successful brokering Office, Industrial, and Multi-family transactions throughout Southeastern Michigan and subsequently took over a territory of his own which encompasses the majority of Southeastern Oakland County.
In addition, he has helped expand Thomas Duke’s reach throughout the State of Michigan with large deals in the Flint and Grand Rapids markets, and has built a strong reputation amongst the brokerage community. He currently represents multiple high end properties throughout the aforementioned markets, including a pair of State of Michigan facilities, several Class-A & B office properties, and several large multi-family assets. Although Andrew specializes in office, industrial, and investment sales, he has also closed numerous land development transactions, and has leased hundreds of thousands of square feet of office and retail space in the past several years.
Upon joining the Duke Company, Andrew quickly became successful brokering Office, Industrial, and Multi-family transactions throughout Southeastern Michigan and subsequently took over a territory of his own which encompasses the majority of Southeastern Oakland County.
In addition, he has helped expand Thomas Duke’s reach throughout the State of Michigan with large deals in the Flint and Grand Rapids markets, and has built a strong reputation amongst the brokerage community. He currently represents multiple high end properties throughout the aforementioned markets, including a pair of State of Michigan facilities, several Class-A & B office properties, and several large multi-family assets. Although Andrew specializes in office, industrial, and investment sales, he has also closed numerous land development transactions, and has leased hundreds of thousands of square feet of office and retail space in the past several years.
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AUCTION CONTACT
Casey Harrell
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 6505431586
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Frankfort Street Apartments | Rehab Opp. | 14420-14440 Frankfort St
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