4761 Avery St · Detroit, MI 48208

$325,000

4 bd · 1.5 ba · 1,930 sqft · SingleFamily public records · 276 Days on market

Built 1900 9,583 sqft lot $168/sqft · 21% below area Est $409k · 21% under ↓ 32% since listing

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +11.7/30.0
• Livability +3.7/5.0
• DSCR +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

Key facts

• 9,583 sq ft lot
• Built 1900
• Listed 276 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-96 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $308k (5.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (29.4% below list).
• Recommended offer: $229k (29.4% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 10.2% in Detroit — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: 184 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $2,293/mo this rent would consume 76% of the median local household income ($36k/yr) (locally 601% 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 $2k of loan paydown is wiped out by about $10k 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 276 days — a 12% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $150k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $229,323 (29.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 276 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.71% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.27%
• DSCR: 0.94
• GRM: 11.8

CMA / ARV

• ARV (median comp): $408,825
• List price: $325,000
• Delta: -20.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1621 Lysander St	0.18mi	3/2.5 (-1)	1,916 (-1%)	0mo	$395,000	$206	81
4214 Avery St	0.30mi	4/2.0	1,944 (+1%)	10mo	$375,000	$193	75
4314 Trumbull St	0.30mi	4/3.0	2,033 (+5%)	2mo	$275,000	$135	69
5220 Hecla St	0.28mi	4/1.0	1,784 (-8%)	7mo	$110,000	$62	66
3917 16th St	0.62mi	4/2.0	2,037 (+6%)	3mo	$35,000	$17	58
3677 #A Lincoln St	0.58mi	4/1.5	1,949 (+1%)	21mo	$150,000	$77	54
5268 Avery St	0.33mi	3/2.0 (-1)	1,735 (-10%)	12mo	$330,000	$190	50
5746 Vermont St	0.62mi	3/2.0 (-1)	2,039 (+6%)	8mo	$239,900	$118	48
3937 Avery St	0.42mi	5/2.5 (+1)	2,132 (+10%)	10mo	$342,000	$160	46
3926 Aretha Ave Ave	0.54mi	3/2.5 (-1)	2,098 (+9%)	14mo	$410,000	$195	40
4123 4th St	0.62mi	3/1.5 (-1)	1,685 (-13%)	16mo	$355,000	$211	32
929 Calumet St	0.56mi	3/1.5 (-1)	1,644 (-15%)	16mo	$355,000	$216	31

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -18.5%
• Equity multiple: 0.35×
• Total profit: $-58,966
• Equity at exit: $48,459

10-year hold

• IRR: -11.0%
• Equity multiple: 0.34×
• Total profit: $-59,941
• Equity at exit: $28,100

Cash invested: $91,000 (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 48208

• Home prices YoY: -5.9%
• Active inventory: 184
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $2,293 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$68 /mo · $818/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $-96

Break-even live

Break-even rent $2,415

Max offer price $308,001

Occupancy floor 99%

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3934 Avery St Detroit, MI	5.0	2.0	2500	$3,000	$1.20	43d	1	0.43mi
3309 14th St Detroit, MI	1.0–3.0	1.0–2.5	942	$2,230	$2.37	1d	11	0.85mi
6144 16th St Detroit, MI	3.0	1.0	1284	$1,200	$0.93	43d	1	0.97mi
275 E Palmer St Detroit, MI	3.0	3.0	1500	$2,950	$1.97	43d	1	1.28mi
2047 Seward St Detroit, MI	3.0	1.0	1421	$1,523	$1.07	4d	1	1.48mi

Listing history 35 events

1. 2026-06-18
   days on market $325,000 Active 276 DOM
2. 2026-06-17
   days on market $325,000 Active 275 DOM
3. 2026-06-15
   days on market $325,000 Active 273 DOM
4. 2026-06-13
   days on market $325,000 Active 271 DOM
5. 2026-06-13
   days on market $325,000 Active 270 DOM
6. 2026-06-09
   days on market $325,000 Active 267 DOM
7. 2026-06-08
   days on market $325,000 Active 266 DOM
8. 2026-06-07
   days on market $325,000 Active 265 DOM
9. 2026-06-04
   days on market $325,000 Active 262 DOM
10. 2026-06-03
    days on market $325,000 Active 261 DOM
11. 2026-06-01
    days on market $325,000 Active 259 DOM
12. 2026-05-31
    days on market $325,000 Active 258 DOM
13. 2026-04-14
    status Active 872-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

14. 2026-04-14
    status Active 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

15. 2025-12-05
    historical 872-char remark

    Show marketing remark (872 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

16. 2025-10-14
    price $325,000 872-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

17. 2025-10-14
    price $325,000 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

18. 2025-08-16
    price $350,000 872-char remark

    Show marketing remark (872 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

19. 2025-08-15
    price $350,000 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

20. 2025-07-22
    price $375,000 872-char remark

    Show marketing remark (872 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

21. 2025-07-21
    price $375,000 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

22. 2025-07-15
    price $399,900 872-char remark

    Show marketing remark (872 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

23. 2025-07-14
    price $399,900 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

24. 2025-06-19
    price $425,000 872-char remark

    Show marketing remark (872 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

25. 2025-06-18
    price $425,000 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

26. 2025-05-31
    price $450,000 872-char remark

    Show marketing remark (872 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

27. 2025-05-30
    price $450,000 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

28. 2025-05-12
    status Active 872-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

29. 2025-05-12
    status Active 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

30. 2024-10-28
    historical 872-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

31. 2024-10-28
    historical 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

32. 2024-10-25
    listed $475,000 Active 872-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

33. 2024-10-25
    listed $475,000 Active 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

34. 2024-10-19
    historical $475,000 872-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

35. 2024-10-19
    historical $475,000 874-char remark

    Show marketing remark (874 chars)

    Desirable Woodbridge Neighborhood! This early 1900s built Victorian home is packed with historical character & charm. This is a thriving and an evolving location, full of homes under revitalization. The best news is that this home sits on 2 additional buildable lots and has generously sized rooms, gorgeous front staircases and gorgeous millwork. The roof has been replaced in 2020 with premium shingles. This home will need a renovation, but it has great bones & provides a unique opportunity to bring it back to its former glory. Perfect home for those with a vision & love for historic properties. Furnace 10 years old, central air ready. Total of THREE parcels included in sale, Per Detroit zoning dept, both vacant lots are buildable R2 zoning - residential or multi-family. New roof 2020. This property includes this lot with the sale W08I007190S.

ⓘ 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: $818 · $68/mo
• Projected year-2 tax: $2,911 · $243/mo
• Expected delta: +$2,094/yr (+$174/mo · 256.1%)

ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,519
• − Mortgage interest: −$18,205
• − Property taxes: −$818
• − Insurance: −$1,625
• − Repairs & maintenance: −$2,202
• − Management: −$2,202
• − Depreciation: −$9,455
• Taxable loss: −$6,986
• Est. tax savings @ 24.0%: +$1,677
• After-tax cash flow: $522/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): 8,037
• Household income: $36,194
• Rent vs Own: 65.7% rent · 34.3% own
• Severe rent burden: 601.0

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: Predominantly Black (66%)
• Race & ethnicity: Black 66% White 23% Two or more races 7% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 3% Lithuanian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 5% Arabic 1%

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: ▼ -10.56%
• Current HPI: 168.8907
• Rent YoY: —
• 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

-31.6% since first listed

23 events — show timeline

• 2026-04-14 Relisted — MiRealSource-MiMLS
• 2026-04-14 Relisted — REALCOMP
• 2025-12-05 Listing Removed — MiRealSource-MiMLS
• 2025-10-14 Price Changed $325,000 MiRealSource-MiMLS
• 2025-10-14 Price Changed $325,000 REALCOMP
• 2025-08-16 Price Changed $350,000 MiRealSource-MiMLS
• 2025-08-15 Price Changed $350,000 REALCOMP
• 2025-07-22 Price Changed $375,000 MiRealSource-MiMLS
• 2025-07-21 Price Changed $375,000 REALCOMP
• 2025-07-15 Price Changed $399,900 MiRealSource-MiMLS
• 2025-07-14 Price Changed $399,900 REALCOMP
• 2025-06-19 Price Changed $425,000 MiRealSource-MiMLS
• 2025-06-18 Price Changed $425,000 REALCOMP
• 2025-05-31 Price Changed $450,000 MiRealSource-MiMLS
• 2025-05-30 Price Changed $450,000 REALCOMP
• 2025-05-12 Relisted — MiRealSource-MiMLS
• 2025-05-12 Relisted — REALCOMP
• 2024-10-28 Listing Removed — REALCOMP
• 2024-10-28 Listing Removed — MiRealSource-MiMLS
• 2024-10-25 Listed $475,000 MiRealSource-MiMLS
• 2024-10-25 Listed $475,000 REALCOMP
• 2024-10-19 Coming Soon $475,000 MiRealSource-MiMLS
• 2024-10-19 Coming Soon $475,000 REALCOMP

Property tax history

+0.5%/yr

Latest (2025): $818 · -36.3% YoY. Source: county tax records.