425 Donavan Street South Lyon MI 48178 | MLS #20261075491

425 Donavan Street
South Lyon, MI, 48178
$3,995,000
Beds
22 Baths
20,656 SqFt
0 Acres
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MLS #20261075491 image #0
Fully stabilized 20-unit townhome community in South Lyon, built in 1960 across five buildings totaling approximately 20,656 SF. Unit mix includes 12 two-bedroom/one-bath units (975 SF) and 8 three-bedroom units (6 with one bath at 1,125 SF, 2 with two baths at 1,079 SF), each with its own private exterior entrance and 40 parking spaces on site. Units are individually metered for electric and gas, which tenants pay directly; ownership covers only water and trash. Forced-air heat and central air throughout. Currently 97% occupied (19 of 20 units leased). Located near downtown South Lyon with convenient access to US-23, roughly 45-55 minutes to Detroit and 25-30 minutes to Ann Arbor, within the highly regarded South Lyon Community Schools district. A rare opportunity to acquire a well-maintained multi-family asset in a tightly held Oakland County submarket.

Property Details

Price:
$3,995,000
MLS #:
20261075491
Status:
Active
Beds:
0
Baths:
22
Type:
Single Family
Subtype:
MultiFamily
Neighborhood:
area02212southlyon
Listed Date:
Oct 6, 2026
Finished Sq Ft:
20,656
Year Built:
1960
Short SaleTownhouseArea02212southlyonArea02212southlyonSouthlyonCall

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Schools

School District:
SouthLyon

Interior

Above Grade Finished Area
20656
Bathrooms
22 Full Bathrooms
Heating
Forced Air, Natural Gas
Levels
Two

Exterior

Architectural Style
Townhouse
Construction Materials
Brick, Vinyl Siding
Parking Spots
40
Parking Total
40

Financial

Net Operating Income
$275,412
Taxes
$30,531

Map

Community

Market Summary

Current real estate data for Single Family in South Lyon as of Oct 14, 2026
39
Single Family Listed
70
Avg DOM
191
Avg $ / SqFt
$560,790
Avg List Price

Property Summary

    425 Donavan Street South Lyon MI is a Single Family for sale in South Lyon, MI, 48178. It is listed for $3,995,000 and features 0 beds, 22 baths, and has approximately 20,656 square feet of living space, and was originally constructed in 1960. The current price per square foot is $193. The average price per square foot for Single Family listings in South Lyon is $191. The average listing price for Single Family in South Lyon is $560,790. To schedule a showing of MLS#20261075491 at 425 Donavan Street in South Lyon, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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