Heather Hosking - Arterra Realty Logo
$1,900,000
( $156.46Per Sq Foot )
 $10,200 est/mo Sourced by Back At You

29425 W Jefferson Avenue,Rockwood, MI 48173

Rockwood, MI 48173

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Description

Rare opportunity to acquire a well-established 24-unit multifamily investment in Gibraltar, owned and operated by the same owners for nearly 40 years. Situated on approximately 1.32 acres with 155 feet of frontage, this two-story property offers an attractive mix of 16 one-bedroom and 8 two-bedroom units, providing a diverse tenant base and consistent rental demand. The property features approximately 12,144 square feet of living space, a full basement, boiler heat, individual window A/C units, municipal water and sewer, and ample on-site parking. Long-term ownership has provided stability and a strong track record of rental income, while current rents present an opportunity for a new owner to evaluate and capture additional rental upside over time. Conveniently located near Gibraltar Road, I-75 and major Downriver thoroughfares, with easy access to shopping, dining, employment and surrounding communities. A substantial multifamily asset with established income, a desirable unit mix and meaningful potential for future growth. Buyer to independently verify all information, measurements, zoning, permitted uses and financials.

Details

MLS #61021929
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site70
Listing Provided ByCentury 21 Curran & Oberski | Jessica Tremonti

Features

SQ Feet12,144
BasementY
ZoningCommercial
Acreage1.32

Interior

Heating Yes / NoYes
HeatingHot Water

Exterior

Construction MaterialsBrick
Foundation DetailsBasement

Other

List AorReal Comp

Taxes

Property25113

Area Information

StateMI
CountyWayne
CityRockwood
Zip Code48173
AreaGibraltar (82183)
Listing VS Median (in 48173)
Price:
$1,900,000
low | high
Med:
$244,200
100% of Average
sqft:
12,144
low | high
Med:
1,942
100% of Average
$ / sqft:
$156
low | high
Med:
$129
67.785720372637% of Average
On site:
70
low | high
Med:
43
100% of Average
Sourced by Back At You

Market Activity 48173

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Learn More About This Property

Heather Hosking

Heather Hosking

Arterra

432975 (586) 489-7725heather.hosking@arterrarealty.com
StateMI
CountyWayne
CityRockwood
Zip Code48173
AreaGibraltar (82183)
Listing VS Median (in 48173)
Price:
$1,900,000
low | high
Med:
$244,200
100% of Average
sqft:
12,144
low | high
Med:
1,942
100% of Average
$ / sqft:
$156
low | high
Med:
$129
67.785720372637% of Average
On site:
70
low | high
Med:
43
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.425M - $2.375M
sqft: 9,000 - 15,000
Nearby Listings Property ImageNearby Listings Details
29425 W Jefferson Avenue Property Photo 1
$1,900,000
29425 W Jefferson Avenue
Rockwood, MI 48173
Listing Updated: October 17, 2026 at 9:43:46 AM PDT