4535 Cadieux # 18/103 Rd · Detroit, MI 48224

$49,900

1 bd · 1.0 ba · 26,248 sqft · Other public records · 279 Days on market

Built 1972 $2/sqft · 98% below area Est $52k · at est.

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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 +9.0/15.0
• Livability +3.7/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

Key facts

• Parking
• Built 1972
• Listed 279 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $50k.

Deal economics

• At list price, monthly cash flow is $498 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.3% 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 flat; 484 active listings in the ZIP; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $1k 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 + 0.7% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 279 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 21 sale attempts since 32y ago; this cycle's ask has dropped $160k (76%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 279 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 1972 — 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: 2.14% ✓
• Cap rate: 18.27%
• Cash-on-cash: 42.79%
• DSCR: 2.90
• GRM: 3.9

CMA / ARV

• ARV (median comp): $51,641
• List price: $49,900
• Delta: -3.37%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.73% rent growth · sell at horizon

5-year hold

• IRR: 37.0%
• Equity multiple: 2.52×
• Total profit: $21,276
• Equity at exit: $7,440

10-year hold

• IRR: 42.4%
• Equity multiple: 4.59×
• Total profit: $50,105
• Equity at exit: $4,314

Cash invested: $13,972 (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 48224

• Rents YoY: 0.7%
• Active inventory: 484
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,067 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $498

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 48%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-15
   remarks 699-char remark
2. 2026-06-15
   days on marketlisting id $49,900 Pending 279 DOM
3. 2026-03-08
   status Active 1483-char remark

   Show marketing remark (1483 chars)

   Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

4. 2026-02-26
   price $49,900 1602-char remark

   Show marketing remark (1602 chars)

   Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

5. 2026-02-26
   price $49,900

   Show marketing remark (1602 chars)

   Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

6. 2026-01-09
   status Active 1602-char remark

   Show marketing remark (1602 chars)

   Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

7. 2026-01-09
   status Active

   Show marketing remark (1602 chars)

   Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

8. 2026-01-06
   status Pending 1483-char remark

   Show marketing remark (1483 chars)

   Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

9. 2025-12-21
   status Pending 1602-char remark

   Show marketing remark (1602 chars)

   Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

10. 2025-12-21
    status Pending

    Show marketing remark (1602 chars)

    Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

11. 2025-12-11
    soldstatus $55,000 Closed
12. 2025-12-11
    soldstatus $55,000 Closed
13. 2025-12-08
    status Pending

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

14. 2025-12-08
    status Pending

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

15. 2025-12-08
    price $120,000 1483-char remark

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

16. 2025-10-10
    price $59,900 1602-char remark

    Show marketing remark (1602 chars)

    Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

17. 2025-10-10
    price $59,900

    Show marketing remark (1602 chars)

    Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

18. 2025-10-09
    price $59,900

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

19. 2025-10-09
    price $189,900 1483-char remark

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

20. 2025-10-09
    price $59,900

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

21. 2025-09-08
    price $69,900 1602-char remark

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

22. 2025-09-08
    price $69,900

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

23. 2025-09-08
    price $209,900 1483-char remark

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

24. 2025-09-08
    price $69,900

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

25. 2025-09-08
    price $69,900

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

26. 2025-08-25
    listed $210,000 Active 1483-char remark

    Show marketing remark (1483 chars)

    Welcome to 4535 Cadieux, an outstanding investment opportunity in the heart of Detroit’s 48224 ZIP code. This property features two separate units, each generating monthly rental income for a total of $2,000 per month SECTION 8. Each unit includes one dedicated parking spot, providing added convenience for tenants. There are no association fees, and the owner does not pay for water or gas—tenants are responsible for managing their own electrical utility bills. This arrangement makes the property a truly hassle-free investment with excellent income potential. The neighborhood offers convenient access to local amenities, sitting just 0.3 miles from the Cadieux Café and less than a mile from Balduck Park’s green spaces. Families will appreciate the proximity to Carleton Elementary School and East English Village Preparatory Academy, and grocery shopping couldn’t be easier with Aldi just 0.6 miles away. Quick access to I-94 ensures easy commutes and connections throughout Detroit. Nestled on a welcoming, tree-lined street, this property provides both a peaceful atmosphere and the benefits of urban living. Enjoy the vibrant community known for its friendly neighbors and strong sense of security—an attractive feature for potential tenants and owners alike. If you are seeking a well-located multifamily property with proven income and low expenses, 4535 Cadieux is an exceptional choice. Discover how this property can work for you.

27. 2025-07-28
    listed $70,000 Active

    Show marketing remark (1602 chars)

    Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

28. 2025-07-28
    listed $70,000 Active

    Show marketing remark (1602 chars)

    Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

29. 2025-07-28
    listed $70,000 Active 1602-char remark

    Show marketing remark (1602 chars)

    Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

30. 2025-07-28
    listed $70,000 Active

    Show marketing remark (1602 chars)

    Currently leased to a Section 8 tenant at $1,000 per month, this newly updated one-bedroom co-op apartment offers impressive savings on energy costs and a smart, space-efficient layout. This is a fantastic investment opportunity with income in place, or a future home that balances comfort and convenience in a well-established Detroit neighborhood. This apartment features a thoughtfully designed floor plan that maximizes both living space and natural light, creating an airy and inviting atmosphere. The recent updates ensure a modern feel throughout, with low-maintenance finishes and an efficient kitchen designed for daily living. Large windows brighten the living areas and bedroom, contributing to energy savings and a cheerful interior. The co-op structure provides notable cost advantages, with lower utility expenses and access to shared amenities that support an affordable lifestyle. Enjoy off-street parking and well-kept outdoor spaces, perfect for relaxation or gathering with guests. The grounds are attractively landscaped, enhancing the overall sense of home. You'll appreciate proximity to local highlights such as Cadieux Café, St. John Hospital and Medical Center, and Balduck Park. Everyday shopping and dining options are also within easy reach. Major roads and public services are close by, offering simple travel throughout Detroit and the surrounding areas. This property is tenant-occupied; please do not disturb the current resident. For more details on this turnkey, income-producing property or to coordinate a showing, please contact your real estate agent today.

31. 2025-07-14
    historical $900
32. 2025-06-13
    listed $900
33. 2023-01-22
    historical
34. 2023-01-22
    historical
35. 2023-01-22
    historical
36. 2023-01-22
    historical
37. 2023-01-22
    historical
38. 2023-01-22
    historical
39. 2022-05-18
    listed $60,000 Active
40. 2022-05-18
    listed $60,000 Active
41. 2022-05-18
    listed $60,000 Active
42. 2022-05-18
    listed $60,000 Active
43. 2022-05-18
    listed $60,000 Active
44. 2022-05-18
    listed $60,000 Active
45. 2008-04-21
    soldstatus $13,900
46. 2008-03-25
    historical
47. 2008-02-11
    listed $13,900
48. 1996-03-15
    soldstatus $14,500
49. 1996-03-05
    historical
50. 1996-02-13
    listed $14,900

ⓘ 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 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,806
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$1,024
• − Management: −$1,024
• − Depreciation: −$1,452
• Taxable income: $5,512
• Est. tax owed @ 24.0%: −$1,323
• After-tax cash flow: $4,655/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): 39,668
• Household income: $44,856
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 2515.0

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 (88%)
• Race & ethnicity: Black 88% White 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Iranian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · 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: ▼ -226.38%
• Current HPI: 161.886
• Rent YoY: ▲ 0.73%
• 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

+178.8% since first listed

59 events — show timeline

• 2026-03-08 Relisted — REALCOMP
• 2026-02-26 Price Changed $49,900 MiRealSource-MiMLS
• 2026-02-26 Price Changed $49,900 REALCOMP
• 2026-01-09 Relisted — MiRealSource-MiMLS
• 2026-01-09 Relisted — REALCOMP
• 2026-01-06 Pending — REALCOMP
• 2025-12-21 Pending — MiRealSource-MiMLS
• 2025-12-21 Pending — REALCOMP
• 2025-12-11 Sold (MLS) $55,000 REALCOMP
• 2025-12-11 Sold (MLS) $55,000 MiRealSource-MiMLS
• 2025-12-08 Pending — MiRealSource-MiMLS
• 2025-12-08 Pending — REALCOMP
• 2025-12-08 Price Changed $120,000 REALCOMP
• 2025-10-10 Price Changed $59,900 MiRealSource-MiMLS
• 2025-10-10 Price Changed $59,900 MiRealSource-MiMLS
• 2025-10-09 Price Changed $59,900 REALCOMP
• 2025-10-09 Price Changed $59,900 REALCOMP
• 2025-10-09 Price Changed $189,900 REALCOMP
• 2025-09-08 Price Changed $69,900 MiRealSource-MiMLS
• 2025-09-08 Price Changed $69,900 MiRealSource-MiMLS
• 2025-09-08 Price Changed $209,900 REALCOMP
• 2025-09-08 Price Changed $69,900 REALCOMP
• 2025-09-08 Price Changed $69,900 REALCOMP
• 2025-08-25 Listed $210,000 REALCOMP
• 2025-07-28 Listed $70,000 REALCOMP
• 2025-07-28 Listed $70,000 REALCOMP
• 2025-07-28 Listed $70,000 MiRealSource-MiMLS
• 2025-07-28 Listed $70,000 MiRealSource-MiMLS
• 2025-07-14 Rental Removed $900 LEASESTAR
• 2025-06-13 Listed for Rent $900 LEASESTAR
• 2023-01-22 Listing Removed — MiRealSource-MiMLS
• 2023-01-22 Listing Removed — MiRealSource-MiMLS
• 2023-01-22 Listing Removed — MiRealSource-MiMLS
• 2023-01-22 Listing Removed — REALCOMP
• 2023-01-22 Listing Removed — REALCOMP
• 2023-01-22 Listing Removed — REALCOMP
• 2022-05-18 Listed $60,000 MiRealSource-MiMLS
• 2022-05-18 Listed $60,000 MiRealSource-MiMLS
• 2022-05-18 Listed $60,000 MiRealSource-MiMLS
• 2022-05-18 Listed $60,000 REALCOMP
• 2022-05-18 Listed $60,000 REALCOMP
• 2022-05-18 Listed $60,000 REALCOMP
• 2008-04-21 Sold (MLS) $13,900 MiRealSource-MiMLS
• 2008-03-25 Listing Removed — MiRealSource-MiMLS
• 2008-02-11 Listed $13,900 MiRealSource-MiMLS
• 1996-03-15 Sold (MLS) $14,500 MiRealSource-MiMLS
• 1996-03-05 Listing Removed — MiRealSource-MiMLS
• 1996-02-13 Listed $14,900 MiRealSource-MiMLS
• 1995-07-31 Sold (MLS) $17,000 MiRealSource-MiMLS
• 1995-07-26 Listing Removed — MiRealSource-MiMLS
• 1995-06-29 Listed $18,500 MiRealSource-MiMLS
• 1995-02-06 Sold (MLS) $14,000 MiRealSource-MiMLS
• 1995-02-01 Listing Removed — MiRealSource-MiMLS
• 1995-01-31 Sold (MLS) $15,000 MiRealSource-MiMLS
• 1994-12-28 Listed $17,900 MiRealSource-MiMLS
• 1994-10-28 Listed $17,500 MiRealSource-MiMLS
• 1994-06-20 Listing Removed — MiRealSource-MiMLS
• 1994-06-17 Sold (MLS) $15,000 MiRealSource-MiMLS
• 1994-05-06 Listed $17,900 MiRealSource-MiMLS

Property tax history

+107.5%/yr

Latest (2025): $4,485 · +0.0% YoY. Source: county tax records.