For Sale
525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226
$680,000
MLS # 20261002827 (Realcomp)
3 beds3 baths2,209 sqftBuilt 1927
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Listing Description
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. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value.
Source: SparkMLS
About this home
This 3-bedroom, 3-bath, 2,209 sq ft home built in 1927 sits in Central Business District in Detroit.
Listed at $680,000 (about $308/sq ft).
Property tax estimate: $1,444 per year ($120/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 5,120 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms3
Living Area2,209 sqft
Year Built1927
Stories1
Location
CityDetroit
Zip Code48226
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Stone
BasementSlab
HeatingHeat Pump
WaterPublic
SewerPublic
Sale & Financing
Listed1/13/2026
Original Price$699,000
Terms AcceptedCash, Conventional
HOA
HOA Fee$1,416 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$2,250
Tax Year2025
State Equalized Value$22,500
Assessed Value$22,500
Parcel #04000118.045
Source: Public Records
Legal Description
S LAFAYETTE W UNIT 42; WAYNE COUNTY CONDO PLAN NO. 945 "FORT SHELBY HOTEL CONDOMINIUM" RECORDED IN L46262 P1428-1542 DEEDS, WCR 4/132 0.461% SPLIT/COMBINED ON 07/23/2018 FROM 04000118.005;
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jerome Huez
Berkshire Hathaway HomeServices The Loft Warehouse
Frequently Asked Questions about 525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226
What school district is 525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226 in?
Per MLS# 20261002827, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261002827, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261002827, the most recent reported annual property tax for 525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226 is $2,179. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226 eligible for USDA financing?
Per USDA Rural Development boundary data, 525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.1 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$1,444
Monthly$120
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
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Monthly payment$5,947
Principal & interest$4,410
Property taxes$120
HOA$1,416
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5.1 Gbps
Upload
5.1 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
Metronet HoldingsFiber
5.1 GbpsXfinityCable
2 GbpsVerizonLicensed Fixed Wireless
1 GbpsStarlinkGSO Satellite
280 MbpsHughesNetSatellite
100 MbpsT-MobileLicensed Fixed Wireless
100 MbpsViasat IncSatellite
100 MbpsAT&TLicensed Fixed Wireless
25 MbpsAT&TDSL
10 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
525 W Lafayette Boulevard, 18E and 19C, Detroit, MI 48226
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Neighborhood
Central Business District
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Community
Detroit
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County
Wayne County
View county overview →
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