Movoto Real Estate
Sold on 06/17/2026
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575 E Lincoln St, Birmingham, MI 48009

$2,100,000

Last sold 06/17/2026 after 67 Days

  • 16

    bed

  • 15

    bath

  • 8,642

    Sqft ($243/Sqft)

Multi-family not for sale

About 575 E Lincoln St

Property type Multi-family
Neighborhood
Year built 1981
HOA fee $0/month
Lot size 0.4 Acre
Movoto estimate
Property description
Exceptionally rare opportunity to acquire a fully occupied eight-unit apartment building on the north side of Lincoln in downtown Birmingham. Positioned on approximately .40 acres spanning four contiguous lots, the property presents a compelling opportunity for both investors and developers. The existing building offers strong in-place occupancy with room for thoughtful modernization, while the underlying land provides long-term redevelopment potential in one of Birmingham’s most established and desirable residential corridors. Built in 1981, the building has been carefully maintained and remains 100% occupied. The apartments are clean and functional, with generous layouts, in-unit laundry, forced-air heating, central A/C, and individually metered utilities. Properties of this scale and location rarely become available, particularly within walking distance of downtown Birmingham’s shops, restaurants, and entertainment. Please do not walk the premises unless given consent by listing agents.
Listed by
Listing Agent - Renee Lossia Acho
Listing Agent Contact: 2485900800
Listing Office - KW Domain
Source: Realcomp mls logo
MLS#20261024206 • last updated 4 months ago
Movoto checked Realcomp for data 7 minutes ago
Overview
Cooling/AC CentralAir, SeparateMeters
Heating ForcedAir, NaturalGas
Levels/Style Two, Common Entry Building
Status Closed
SubType Multi Family
Living Area 8642
MLS # 20261024206
Lot Size (Acres) 0.4
Property Tax 20264
Interior
Total # of Bathrooms 15
# of Full Baths 8
# of Half Baths 7
Laundry In Unit
Exterior
Construction Brick
Foundation Slab
Roof Asphalt
# Parking Spaces 16
Parking Parking Lot, Paved, Unassigned
Amenities / Utilities
Pool None
Location
Subdivision LINCOLN-WOODWARD
Community Features Sidewalks
High School District Birmingham
APN 1936257045
Directions West Of Woodward On The North Side Of Lincoln
Zoning Residential
Multifamily Details
Rent Includes Sewer, SnowRemoval, TrashCollection, Water, YardMaintenance
# Units Leased 8
Gross Scheduled Income 142260
Net Operating Income 130000
Monthly Rental Income 11855
Lot/ Land Details
Road Frontage Paved
$2.09M
Range: $1.93M-$2.26M
Last 30 days 
  • Jun 2026
    mls logo MLS # 20261024206
  • Jun 18, 2026 Sold
    $2,100,000 (-10.6%)
  • Jun 4, 2026 Pending
    —
  • Apr 11, 2026 Listed
    $2,350,000
  • Apr 2026
    mls logo MLS # 60983222
  • Apr 11, 2026 Listed
    $2,350,000
  • Year Property taxes Tax assessment
  • 2023
    $19,136 +4.9%
    $809,080 +21.92%
  • 2022
    $18,238 +2.6%
    $663,640 -12.31%
  • 2021
    $17,779 +0.1%
    $756,790 +30.49%
  • 2020
    $17,757 +1.7%
    $579,960 +9.27%
  • 2019
    $17,467 +3.8%
    $530,780 +15.64%
  • 2017
    $16,834
    $458,990
  • 575 E Lincoln St
    $2.1M
  • Birmingham
    $931K -32% y/y
  • 48009
    $899K -33% y/y
  • Birmingham
    $907K -32% y/y
No chart available
Statistics calculated by Movoto

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9/10
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Source: GreatSchools.org © 2026. All rights reserved.

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