4470 Outer Drive East

Off Market

4470 Outer Drive East

Detroit MI 48234

11439 sq. ft.

0.3 ac.

Multi-Family

Last sold for $975,000

Joseph Hammel, last sold this property on 04 December 2025 after 113 days on market.

Overview

Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized (over $15,000 gross income per month!) with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.

Features

18 bathrooms

11439 sq. ft. floor area

0.3 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Detroit over the last 12 months, the estimated median property value of 4470 Outer Drive East is $112.5k.

Median value

$112.5k

Estimated value range

$30k - $1.1m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Detroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4470 Outer Drive East

2025

Sold

$975,000

04 Dec 2025 by Joseph Hammel, of Keller Williams Somerset

2023

Sold

$935,000

21 Nov 2023 by Justin Zehel, of Keller Williams - Rochester

Happy sellers in Detroit

100%

100% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 9 multi families similar to 4470 Outer Drive East, have been sold.

This represents a 11% decrease in multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Detroit for a market analysis.

Nicole Sammons

at KW Advantage

(77 reviews)

Get a market analysis

Dayna Smedley

at Real Estate One Milford

(45 reviews)

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Kaila Ibura

(8 reviews)

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Anuj Chand

at Keller Williams First Grand Blanc

(3 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Detroit

Nicole Sammons

Sellers who recommend Nicole Sammons have praised them for being local expert, patient, responsive, clear communication, supportive, empathetic, and reliable