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525 W Lafayette Boulevard, Detroit, MI 48226

Detroit
Local realty services provided by:CENTURY 21 Affiliated
525 W Lafayette Boulevard,Detroit, MI 48226
$699,000
  • - Beds
  • 3 Baths
  • 2,209 sq. ft.
  • Multi-family
  • Active
Listed by: jerome huez, alexander zachary
Office: berkshire hathaway homeservices the loft warehouse
MLS#:20261009241
Source:MI_REALCOMP

Price summary

  • Price:$699,000
  • Price per sq. ft.:$316.43

About this home

Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit’s Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow. Residents benefit from the amenities of the Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy. These units enjoy extremely low property taxes—less than $3,000 per unit per year—thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term leasing; short-term rentals are not permitted. With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C.

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Home facts

  • Year built:1927
  • Listing ID #:20261009241
  • Added:17 day(s) ago
  • Updated:March 03, 2026 at 11:00 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,209 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Year built:1927
  • Building area:2,209 sq. ft.
  • Architectural Style:High Rise
  • Construction Materials:Brick, Stone
  • Foundation Description:Slab
  • Levels:One

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$699,000
  • Price per sq. ft.:$316.43
  • Tax amount:$2,179
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