233 Leicester Street St · Detroit, MI 48202

$139,900

3 bd · 1.0 ba · 1,510 sqft · Townhouse public records · 192 Days on market

Built 1905 2,614 sqft lot Est $234k · 40% under ↓ 26% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

Key facts

• Primary en-suite
• Walk-in closet
• Renovated townhouses

Tags

• RENOVATED TOWNHOUSES
• MODERN KITCHEN
• REMODELED BATHROOMS
• PRIMARY EN-SUITE
• WALK-IN CLOSET
• BASEMENT LAUNDRY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents falling (-5.1%/yr); 257 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,780/mo this rent would consume 49% of the median local household income ($44k/yr) (locally 1258% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $50k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 192 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.06%
• Cash-on-cash: 13.46%
• DSCR: 1.60
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $234,050
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
104 Marston St	0.70mi	3/2.0	1,454 (-4%)	14mo	$225,000	$155	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.00×
• Total profit: $132
• Equity at exit: $20,860

10-year hold

• IRR: 6.4%
• Equity multiple: 1.41×
• Total profit: $16,106
• Equity at exit: $12,096

Cash invested: $39,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48202

• Rents YoY: -5.1%
• Active inventory: 257
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,780 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,098/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $439

Break-even live

Break-even rent $1,224

Max offer price $139,900

Occupancy floor 70%

Sensitivity live

Price	-10% $536	-5% $488	+0% $439	+5% $391	+10% $343
Rent	-10% $299	-5% $369	+0% $439	+5% $510	+10% $580
Rate	-1.0pp $510	-0.5pp $475	base $439	+0.5pp $403	+1.0pp $366

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
330 Westminster St Detroit, MI	3.0	1.0	1995	$1,900	$0.95	25d	1	0.16mi
330 Westminster St Unit NA Detroit, MI	3.0	1.0	1995	$1,900	$0.95	44d	1	0.16mi
9429 Brush St Unit 1B Detroit, MI	2.0	1.0	1500	$1,523	$1.02	44d	1	0.16mi
505 Westminster St Detroit, MI	3.0	1.0	1700	$1,400	$0.82	18d	1	0.21mi
216 Holbrook St Detroit, MI	4.0	2.0	2000	$2,000	$1.00	23d	1	0.22mi
216 Holbrook Unit Na Detroit, MI	4.0	2.0	2000	$2,200	$1.10	0d	1	0.22mi
419 King St Detroit, MI	3.0	1.0	1668	$2,300	$1.38	11d	1	0.27mi
557 Hague St Detroit, MI	2.0	1.0	1250	$1,400	$1.12	44d	1	0.42mi
613 Belmont St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	19d	1	0.47mi
8416 Brush St Detroit, MI	3.0	1.5	1200	$2,200	$1.83	0d	1	0.49mi
528 E Philadelphia St Detroit, MI	3.0	1.0	1625	$2,400	$1.48	0d	1	0.49mi
8410 Brush St Detroit, MI	3.0	2.5	1300	$2,200	$1.69	0d	1	0.50mi
719 Gladstone Ave Detroit, MI	2.0	1.0	1200	$1,750	$1.46	21d	1	0.56mi
715 Gladstone Ave Detroit, MI	2.0	1.0	1200	$1,750	$1.46	21d	1	0.56mi
520 Englewood St Detroit, MI	4.0	1.5	1086	$1,725	$1.59	25d	1	0.64mi
7645 Woodward Ave #70 Detroit, MI	2.0	2.5	1547	$2,600	$1.68	6d	1	0.84mi
30 W Bethune St Detroit, MI	2.0	1.5	1254	$2,100	$1.67	44d	1	0.88mi
7430 2nd Ave Unit 1012 Detroit, MI	2.0	2.0	1100	$3,500	$3.18	44d	1	0.96mi
1226 Virginia Park St Unit 1226 Virginia Park, Upper V 1/10/26 (T) Detroit, MI	3.0	1.0	1100	$1,200	$1.09	44d	1	1.00mi
1427 Calvert Ave Detroit, MI	3.0	1.0	1100	$1,750	$1.59	44d	1	1.00mi
1427 Calvert Ave Detroit, MI	3.0	1.0	1100	$1,850	$1.68	25d	1	1.00mi
8263 Merrill St Detroit, MI	2.0	1.5	1092	$1,600	$1.47	44d	1	1.03mi
165 Rhode Island St Highland Park, MI	4.0	1.5	1639	$1,200	$0.73	18d	1	1.06mi
2297 Florian St Unit 2297 Hamtramck, MI	2.0	1.0	1500	$1,250	$0.83	25d	1	1.09mi
9844 Woodrow Wilson St Detroit, MI	3.0	1.0	1187	$1,300	$1.10	13d	1	1.09mi
1534 W Euclid St Unit 1534 Euclid Detroit, MI	2.0	1.0	1200	$1,150	$0.96	44d	1	1.12mi
1534 W Euclid St Detroit, MI	2.0	1.0	1200	$1,150	$0.96	13d	1	1.12mi
1542 W Euclid St Detroit, MI	2.0	1.0	1100	$1,150	$1.05	6d	1	1.12mi
101 Colorado St Unit NA Highland Park, MI	4.0	1.5	1695	$1,780	$1.05	0d	1	1.13mi
2315 Yemans St Hamtramck, MI	2.0	2.5	1328	$1,600	$1.20	18d	1	1.16mi
207 E Baltimore Ave Apt 800 Detroit, MI	2.0	1.5	1100	$1,800	$1.64	16d	1	1.16mi
64 Glendale St Highland Park, MI	4.0	1.0	1464	$1,500	$1.02	11d	1	1.27mi
1710 Virginia Park St Detroit, MI	2.0	2.0	1350	$1,300	$0.96	6d	1	1.28mi
1929 Calvert Ave Unit 2 Detroit, MI	3.0	1.0	1414	$1,199	$0.85	16d	1	1.31mi
7640 Woodrow Wilson St Unit 1 Detroit, MI	3.0	1.5	1095	$1,400	$1.28	44d	1	1.34mi
11705 # 1 ST Unit Mackay St unit Detroit, MI	2.0	1.0	2000	$1,050	$0.53	25d	1	1.38mi
1974 Virginia Park St Detroit, MI	2.0	2.0	1200	$1,995	$1.66	44d	1	1.40mi
2045 Calvert St Detroit, MI	2.0	2.0	1400	$1,600	$1.14	44d	1	1.41mi
168 Beresford St Highland Park, MI	4.0	1.0	1541	$1,475	$0.96	18d	1	1.45mi
2254 Taylor St Unit Taylor St unit Detroit, MI	3.0	1.0	1307	$1,550	$1.19	4d	1	1.46mi

Listing history 29 events

1. 2026-04-21
   status Pending

   Show marketing remark (666 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

2. 2026-04-21
   status Pending 653-char remark

   Show marketing remark (666 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

3. 2026-04-21
   status Pending 666-char remark

   Show marketing remark (666 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

4. 2026-04-21
   status Pending

   Show marketing remark (666 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

5. 2026-03-31
   price $139,900 666-char remark

   Show marketing remark (666 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

6. 2026-03-31
   price $139,900

   Show marketing remark (666 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

7. 2026-03-30
   price $139,900

   Show marketing remark (653 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

8. 2026-03-30
   price $139,900 653-char remark

   Show marketing remark (653 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

9. 2026-02-26
   price $149,900 666-char remark

   Show marketing remark (666 chars)

   Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

10. 2026-02-26
    price $149,900

    Show marketing remark (666 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

11. 2026-02-25
    price $149,900

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

12. 2026-02-25
    price $149,900 653-char remark

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

13. 2026-01-23
    price $159,900 666-char remark

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

14. 2026-01-23
    price $159,900

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

15. 2026-01-23
    price $159,900

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

16. 2026-01-23
    price $159,900 653-char remark

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

17. 2025-12-19
    price $169,900 666-char remark

    Show marketing remark (666 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

18. 2025-12-19
    price $169,900

    Show marketing remark (666 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

19. 2025-12-18
    price $169,900

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

20. 2025-12-18
    price $169,900 653-char remark

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

21. 2025-11-11
    price $179,900 666-char remark

    Show marketing remark (666 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

22. 2025-11-11
    price $179,900

    Show marketing remark (666 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

23. 2025-11-10
    price $179,900 653-char remark

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

24. 2025-11-10
    price $179,900

    Show marketing remark (653 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

25. 2025-10-11
    listed $189,900 Active
26. 2025-10-10
    listed $189,900 Active
27. 2025-10-03
    listed $189,900 Active 653-char remark

    Show marketing remark (666 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

28. 2025-10-03
    listed $189,900 Active 666-char remark

    Show marketing remark (666 chars)

    Completely renovated 3-bedroom, 2 bath townhouses in the North End –Conveniently located near Boston Edison and the New Center area, within walking distance to restaurants, shops, and expressways now for sale! Bright and spacious with high-end finishes throughout. Features include ceramic floors, modern kitchen, remodeled bathrooms, a gorgeous primary en-suite with walk-in closet, and basement laundry. Recent updates include a full remodel in 2020. Enjoy street parking, a large backyard. Please note: This listing is for 233 Leicester only. The adjoining home / Duplex at 229 Leicester is on a separate parcel and not included with this sale.

29. 2022-12-16
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,362
• − Mortgage interest: −$7,837
• − Property taxes: −$2,098
• − Insurance: −$700
• − Repairs & maintenance: −$1,709
• − Management: −$1,709
• − Depreciation: −$4,070
• Taxable income: $3,239
• Est. tax owed @ 24.0%: −$777
• After-tax cash flow: $4,496/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Detroit Public Schools Community District
• NCES district ID: 2601103
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 6.00%
• Median HH income: $25,815
• Composite: 13.06/100
• National rank: #9564
• State rank: #499 of 540 in MI

Livability — Detroit

• Score: 73/100
• State rank: #218
• US rank: #5427

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Detroit, MI
• County: Wayne County · 1,562,939 people
• City population: 572,865
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 15,780
• Household income: $43,627
• Rent vs Own: 69.1% rent · 30.9% own
• Severe rent burden: 1258.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 60% White 26% Asian 6% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 3% Slovak 1% Lithuanian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 90% English-only · Other Indo-European 3% Arabic 2% Spanish 2%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -239.24%
• Current HPI: 145.5509
• Rent YoY: ▼ -5.13%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

-26.3% since first listed

29 events — show timeline

• 2026-04-21 Pending — REALCOMP
• 2026-04-21 Pending — REALCOMP
• 2026-04-21 Pending — MiRealSource-MiMLS
• 2026-04-21 Pending — MiRealSource-MiMLS
• 2026-03-31 Price Changed $139,900 MiRealSource-MiMLS
• 2026-03-31 Price Changed $139,900 MiRealSource-MiMLS
• 2026-03-30 Price Changed $139,900 REALCOMP
• 2026-03-30 Price Changed $139,900 REALCOMP
• 2026-02-26 Price Changed $149,900 MiRealSource-MiMLS
• 2026-02-26 Price Changed $149,900 MiRealSource-MiMLS
• 2026-02-25 Price Changed $149,900 REALCOMP
• 2026-02-25 Price Changed $149,900 REALCOMP
• 2026-01-23 Price Changed $159,900 MiRealSource-MiMLS
• 2026-01-23 Price Changed $159,900 MiRealSource-MiMLS
• 2026-01-23 Price Changed $159,900 REALCOMP
• 2026-01-23 Price Changed $159,900 REALCOMP
• 2025-12-19 Price Changed $169,900 MiRealSource-MiMLS
• 2025-12-19 Price Changed $169,900 MiRealSource-MiMLS
• 2025-12-18 Price Changed $169,900 REALCOMP
• 2025-12-18 Price Changed $169,900 REALCOMP
• 2025-11-11 Price Changed $179,900 MiRealSource-MiMLS
• 2025-11-11 Price Changed $179,900 MiRealSource-MiMLS
• 2025-11-10 Price Changed $179,900 REALCOMP
• 2025-11-10 Price Changed $179,900 REALCOMP
• 2025-10-11 Listed $189,900 REALCOMP
• 2025-10-10 Listed $189,900 MiRealSource-MiMLS
• 2025-10-03 Listed $189,900 REALCOMP
• 2025-10-03 Listed $189,900 MiRealSource-MiMLS
• 2022-12-16 Rental Removed — REALSOURCE

Property tax history

-34.2%/yr

Latest (2025): $15 · -38.6% YoY. Source: county tax records.