USAMIGibraltar29425 W Jefferson Ave
Listing image | Image 1

29425 W Jefferson Ave, Gibraltar, MI

House

For Sale

Listed price in listed location currency (USD).
$1,900,000

000

MLS® 20261060727

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 12144 sqft
Garage 
Taxes $25,113
Days Active 1
Lot Size 1.32 Acres
Approx. Age 
Avg. Price Per Sqft $156
MLS® Number 20261060727

Property Address: 29425 W Jefferson Ave, Gibraltar, MI, 48173-9741

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261060727
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayParking Lot
Garage Spaces
HeatHot Water
A/CWall Window Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 3, 2026List Date
$1,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
29425 W Jefferson Ave, Gibraltar, MI

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