909/907 W Euclid St · Detroit, MI 48202

$99,900

4 bd · 3.0 ba · 2,898 sqft · Townhouse public records · 7 Days on market

Built 1914 4,356 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Multiple offers received. Highest & Best due by 3:00 PM on Tuesday, 2/4/26. This is your opportunity to secure a great property - seller will review all offers promptly. Bring your best terms and cleanest offer. Exceptional Multi-Family Opportunity – 909 W Euclid St, Detroit Attention investors and savvy buyers - this is the opportunity you've been waiting for. 909 W Euclid Street is a three-unit multi-family property with strong layout fundamentals, multiple entrances, and serious upside in a desirable Detroit neighborhood. The property features three separate living spaces, each with its own kitchen, living room, and full bathroom, making it ideal for rental income, house hacking, or a value-add investment strategy. The first and second floors each offer two bedrooms, while the third-floor unit includes one bedroom, creating flexible rental options across all levels. Designed with functionality in mind, the home includes two front entrances, while the third unit can be accessed both internally and via a separate exterior entrance - a major advantage for privacy, tenant separation, and rental efficiency. A two-car garage adds even more value and convenience for tenants or owners. While the property needs updates and repairs, it presents a rare chance to add significant value through renovations. With the right improvements, this building has the potential to become a high-performing income property or a standout long-term hold in an area poised for continued growth. Whether you're an investor looking to maximize cash flow or a buyer seeking a multi-unit property with upside, 909/907 W Euclid St offers space, structure, and opportunity that's hard to find. Bring your vision - this is the kind of property that rewards it.

Key facts

• Two front entrances
• Multiple entrances
• Two car garage

Tags

• MULTI FAMILY PROPERTY
• THREE SEPARATE LIVING SPACES
• MULTIPLE ENTRANCES
• TWO FRONT ENTRANCES
• SEPARATE EXTERIOR ENTRANCE
• TWO CAR GARAGE

🏷️ Possibly a rental listed for sale. The $99,900 price doesn't fit this home's estimated sale value (~$211,554) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath townhouse listed at $100k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Cap rate 19.9% vs local median 10.2% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $2,300/mo this rent would consume 63% 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 $691 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.30% ✓
• Cap rate: 19.89%
• Cash-on-cash: 48.57%
• DSCR: 3.16
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $211,554
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8006 3rd St #25	0.24mi	3/2.0 (-1)	2,850 (-2%)	24mo	$208,500	$73	57

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: 42.7%
• Equity multiple: 2.76×
• Total profit: $49,209
• Equity at exit: $14,895

10-year hold

• IRR: 47.4%
• Equity multiple: 4.92×
• Total profit: $109,777
• Equity at exit: $8,638

Cash invested: $27,972 (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: 3.6×

Monthly cashflow live

• Estimated rent: $2,300 high
• Mortgage (P&I): −$524
• Tax from tax record: −$119 /mo · $1,434/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $1,132

Break-even live

Break-even rent $867

Max offer price $99,900

Occupancy floor 46%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1418 W Euclid St Detroit, MI	3.0	1.0	2264	$1,200	$0.53	43d	1	0.24mi
1441 W Euclid St Detroit, MI	3.0	1.0	2380	$2,600	$1.09	24d	1	0.25mi
634 Atkinson St Detroit, MI	3.0	3.5	3000	$6,500	$2.17	10d	1	0.59mi
216 Holbrook Unit Na Detroit, MI	4.0	2.0	2000	$2,200	$1.10	1d	1	0.69mi
216 Holbrook St Detroit, MI	4.0	2.0	2000	$2,000	$1.00	21d	1	0.69mi
2028 Gladstone St Unit 1 Detroit, MI	5.0	2.0	2500	$2,850	$1.14	3d	1	0.73mi
2080 Gladstone St #1 Detroit, MI	4.0	2.0	2426	$3,000	$1.24	1d	1	0.78mi
7370 La Salle Blvd Detroit, MI	4.0	3.0	3610	$4,500	$1.25	43d	1	0.98mi
8951 La Salle Blvd Detroit, MI	4.0	2.5	2440	$2,500	$1.02	1d	1	0.99mi
8951 La Salle Blvd Detroit, MI	5.0	2.5	2440	$2,500	$1.02	14d	1	0.99mi
8951 La Salle Blvd Unit NA Detroit, MI	4.0	2.5	2440	$2,500	$1.02	10d	1	0.99mi
330 Westminster St Detroit, MI	3.0	1.0	1995	$1,900	$0.95	23d	1	1.00mi
330 Westminster St Unit NA Detroit, MI	3.0	1.0	1995	$1,900	$0.95	43d	1	1.00mi
1699 Glynn Ct Detroit, MI	5.0	3.5	2542	$2,500	$0.98	21d	1	1.00mi
2509 Gladstone St Unit 1 Detroit, MI	3.0	2.0	3000	$2,650	$0.88	1d	1	1.04mi
2286 Calvert St Detroit, MI	4.0	1.0	3402	$1,450	$0.43	15d	1	1.28mi

Listing history 6 events

1. 2026-02-05
   status Pending 1775-char remark

   Show marketing remark (1775 chars)

   Multiple offers received. Highest & Best due by 3:00 PM on Tuesday, 2/4/26. This is your opportunity to secure a great property - seller will review all offers promptly. Bring your best terms and cleanest offer. Exceptional Multi-Family Opportunity – 909 W Euclid St, Detroit Attention investors and savvy buyers - this is the opportunity you've been waiting for. 909 W Euclid Street is a three-unit multi-family property with strong layout fundamentals, multiple entrances, and serious upside in a desirable Detroit neighborhood. The property features three separate living spaces, each with its own kitchen, living room, and full bathroom, making it ideal for rental income, house hacking, or a value-add investment strategy. The first and second floors each offer two bedrooms, while the third-floor unit includes one bedroom, creating flexible rental options across all levels. Designed with functionality in mind, the home includes two front entrances, while the third unit can be accessed both internally and via a separate exterior entrance - a major advantage for privacy, tenant separation, and rental efficiency. A two-car garage adds even more value and convenience for tenants or owners. While the property needs updates and repairs, it presents a rare chance to add significant value through renovations. With the right improvements, this building has the potential to become a high-performing income property or a standout long-term hold in an area poised for continued growth. Whether you're an investor looking to maximize cash flow or a buyer seeking a multi-unit property with upside, 909/907 W Euclid St offers space, structure, and opportunity that's hard to find. Bring your vision - this is the kind of property that rewards it.

2. 2026-02-05
   status Pending

   Show marketing remark (1775 chars)

   Multiple offers received. Highest & Best due by 3:00 PM on Tuesday, 2/4/26. This is your opportunity to secure a great property - seller will review all offers promptly. Bring your best terms and cleanest offer. Exceptional Multi-Family Opportunity – 909 W Euclid St, Detroit Attention investors and savvy buyers - this is the opportunity you've been waiting for. 909 W Euclid Street is a three-unit multi-family property with strong layout fundamentals, multiple entrances, and serious upside in a desirable Detroit neighborhood. The property features three separate living spaces, each with its own kitchen, living room, and full bathroom, making it ideal for rental income, house hacking, or a value-add investment strategy. The first and second floors each offer two bedrooms, while the third-floor unit includes one bedroom, creating flexible rental options across all levels. Designed with functionality in mind, the home includes two front entrances, while the third unit can be accessed both internally and via a separate exterior entrance - a major advantage for privacy, tenant separation, and rental efficiency. A two-car garage adds even more value and convenience for tenants or owners. While the property needs updates and repairs, it presents a rare chance to add significant value through renovations. With the right improvements, this building has the potential to become a high-performing income property or a standout long-term hold in an area poised for continued growth. Whether you're an investor looking to maximize cash flow or a buyer seeking a multi-unit property with upside, 909/907 W Euclid St offers space, structure, and opportunity that's hard to find. Bring your vision - this is the kind of property that rewards it.

3. 2026-01-29
   listed $99,900 Active 1775-char remark

   Show marketing remark (1775 chars)

   Multiple offers received. Highest & Best due by 3:00 PM on Tuesday, 2/4/26. This is your opportunity to secure a great property - seller will review all offers promptly. Bring your best terms and cleanest offer. Exceptional Multi-Family Opportunity – 909 W Euclid St, Detroit Attention investors and savvy buyers - this is the opportunity you've been waiting for. 909 W Euclid Street is a three-unit multi-family property with strong layout fundamentals, multiple entrances, and serious upside in a desirable Detroit neighborhood. The property features three separate living spaces, each with its own kitchen, living room, and full bathroom, making it ideal for rental income, house hacking, or a value-add investment strategy. The first and second floors each offer two bedrooms, while the third-floor unit includes one bedroom, creating flexible rental options across all levels. Designed with functionality in mind, the home includes two front entrances, while the third unit can be accessed both internally and via a separate exterior entrance - a major advantage for privacy, tenant separation, and rental efficiency. A two-car garage adds even more value and convenience for tenants or owners. While the property needs updates and repairs, it presents a rare chance to add significant value through renovations. With the right improvements, this building has the potential to become a high-performing income property or a standout long-term hold in an area poised for continued growth. Whether you're an investor looking to maximize cash flow or a buyer seeking a multi-unit property with upside, 909/907 W Euclid St offers space, structure, and opportunity that's hard to find. Bring your vision - this is the kind of property that rewards it.

4. 2026-01-29
   listed $99,900 Active

   Show marketing remark (1775 chars)

   Multiple offers received. Highest & Best due by 3:00 PM on Tuesday, 2/4/26. This is your opportunity to secure a great property - seller will review all offers promptly. Bring your best terms and cleanest offer. Exceptional Multi-Family Opportunity – 909 W Euclid St, Detroit Attention investors and savvy buyers - this is the opportunity you've been waiting for. 909 W Euclid Street is a three-unit multi-family property with strong layout fundamentals, multiple entrances, and serious upside in a desirable Detroit neighborhood. The property features three separate living spaces, each with its own kitchen, living room, and full bathroom, making it ideal for rental income, house hacking, or a value-add investment strategy. The first and second floors each offer two bedrooms, while the third-floor unit includes one bedroom, creating flexible rental options across all levels. Designed with functionality in mind, the home includes two front entrances, while the third unit can be accessed both internally and via a separate exterior entrance - a major advantage for privacy, tenant separation, and rental efficiency. A two-car garage adds even more value and convenience for tenants or owners. While the property needs updates and repairs, it presents a rare chance to add significant value through renovations. With the right improvements, this building has the potential to become a high-performing income property or a standout long-term hold in an area poised for continued growth. Whether you're an investor looking to maximize cash flow or a buyer seeking a multi-unit property with upside, 909/907 W Euclid St offers space, structure, and opportunity that's hard to find. Bring your vision - this is the kind of property that rewards it.

5. 2011-11-24
   historical
6. 2011-04-04
   listed $8,500

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

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,434 · $119/mo
• Projected year-2 tax: $1,486 · $124/mo
• Expected delta: +$52/yr (+$4/mo · 3.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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: $27,602
• − Mortgage interest: −$5,596
• − Property taxes: −$1,434
• − Insurance: −$500
• − Repairs & maintenance: −$2,208
• − Management: −$2,208
• − Depreciation: −$2,906
• Taxable income: $12,750
• Est. tax owed @ 24.0%: −$3,060
• After-tax cash flow: $10,526/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

+1075.3% since first listed

6 events — show timeline

• 2026-02-05 Pending — MiRealSource-MiMLS
• 2026-02-05 Pending — REALCOMP
• 2026-01-29 Listed $99,900 REALCOMP
• 2026-01-29 Listed $99,900 MiRealSource-MiMLS
• 2011-11-24 Listing Removed — MiRealSource-MiMLS
• 2011-04-04 Listed $8,500 MiRealSource-MiMLS

Property tax history

+1.5%/yr

Latest (2025): $1,434 · -33.3% YoY. Source: county tax records.