3026 Mount Elliott St · Detroit, MI 48207

$78,500

1 bd · 2.5 ba · 2,565 sqft · Townhouse public records · 184 Days on market

Built 1912 4,792 sqft lot $31/sqft · 74% below area Est $118k · 34% under ↓ 22% since listing

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

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

• Cash flow +27.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +9.3/10.0
• Livability +3.7/5.0
• Appreciation +3.6/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit's most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city's major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

Key facts

• Flexible layout
• Generous dimensions
• 4,792 sq ft lot

Tags

• ACCESS TO MAJOR SPORTS ARENAS
• GENEROUS DIMENSIONS
• FLEXIBLE LAYOUT
• COMPLETED DEMOLITION PHASE
• IDEAL FOR AIRBNB CONVERSIONS
• SMALL APARTMENT ON FIRST FLOOR

What this means for you Summary

Snapshot

• This is a 1-bed/2.5-bath townhouse listed at $78k.

Deal economics

• At list price, monthly cash flow is $219 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Recommended offer: $69k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.5%/yr); 244 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 31% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-2.8%/yr); year-one equity from $543 of loan paydown is wiped out by about $2k 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 (-2.8% appreciation + 3.5% rent growth), your $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 184 days — a 12% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $22k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.7% of price; built in 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $69,080 (12.0% below list)

Questions for the listing agent

1. It's been on market 184 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 1912 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
9. 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.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.56% ✓
• Cap rate: 9.65%
• Cash-on-cash: 11.97%
• DSCR: 1.53
• GRM: 5.3

CMA / ARV

• ARV (median comp): $118,487
• List price: $78,500
• Delta: -33.75%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

-2.79% appreciation · 3.53% rent growth · sell at horizon

5-year hold

• IRR: 3.2%
• Equity multiple: 1.12×
• Total profit: $2,740
• Equity at exit: $12,436

10-year hold

• IRR: 13.1%
• Equity multiple: 2.10×
• Total profit: $24,286
• Equity at exit: $8,051

Cash invested: $21,980 (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 48207

• Home prices YoY: -2.0%
• Rents YoY: 3.5%
• Active inventory: 244
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,228 medium
• Mortgage (P&I): −$412
• Tax from tax record: −$307 /mo · $3,678/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $219

Break-even live

Break-even rent $951

Max offer price $78,500

Occupancy floor 77%

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: $19,625
• Closing costs: $2,355
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3478 Ludden St Detroit, MI	2.0	1.0	2800	$1,200	$0.43	43d	1	0.27mi
8100 E Jefferson Ave Detroit, MI	3.0	1.0–3.0	1089	$1,213	$1.11	19d	20	1.42mi

Listing history 26 events

1. 2026-06-18
   days on market $78,500 Active 184 DOM
2. 2026-06-17
   days on market $78,500 Active 183 DOM
3. 2026-06-15
   days on market $78,500 Active 181 DOM
4. 2026-06-13
   days on market $78,500 Active 179 DOM
5. 2026-06-13
   days on market $78,500 Active 178 DOM
6. 2026-06-09
   days on market $78,500 Active 175 DOM
7. 2026-06-08
   days on market $78,500 Active 174 DOM
8. 2026-06-07
   days on market $78,500 Active 173 DOM
9. 2026-06-04
   days on market $78,500 Active 170 DOM
10. 2026-06-03
    days on market $78,500 Active 169 DOM
11. 2026-06-01
    days on market $78,500 Active 167 DOM
12. 2026-05-31
    days on market $78,500 Active 166 DOM
13. 2026-04-10
    price $78,500 1605-char remark

    Show marketing remark (1605 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit's most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city's major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

14. 2026-04-09
    price $78,500 1617-char remark

    Show marketing remark (1605 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit's most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city's major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

15. 2026-04-09
    status Active 1617-char remark

    Show marketing remark (1605 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit's most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city's major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

16. 2026-04-09
    status Active 1605-char remark

    Show marketing remark (1605 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit's most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city's major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

17. 2026-03-05
    historical 1605-char remark

    Show marketing remark (1617 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

18. 2026-03-05
    historical 1617-char remark

    Show marketing remark (1617 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

19. 2026-02-04
    price $80,000 1605-char remark

    Show marketing remark (1617 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

20. 2026-02-04
    price $80,000 1617-char remark

    Show marketing remark (1617 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

21. 2025-12-20
    price $85,000 1605-char remark

    Show marketing remark (1605 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit's most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city's major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

22. 2025-12-19
    price $85,000 1617-char remark

    Show marketing remark (1617 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

23. 2025-12-05
    price $95,000 1605-char remark

    Show marketing remark (1605 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit's most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city's major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

24. 2025-12-04
    price $95,000 1617-char remark

    Show marketing remark (1617 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

25. 2025-11-10
    listed $100,000 Active 1605-char remark

    Show marketing remark (1617 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

26. 2025-11-10
    listed $100,000 Active 1617-char remark

    Show marketing remark (1617 chars)

    BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

ⓘ 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: $3,678 · $307/mo
• Projected year-2 tax: $3,678 · $307/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,737
• − Mortgage interest: −$4,397
• − Property taxes: −$3,678
• − Insurance: −$392
• − Repairs & maintenance: −$1,179
• − Management: −$1,179
• − Depreciation: −$2,284
• Taxable income: $1,628
• Est. tax owed @ 24.0%: −$391
• After-tax cash flow: $2,241/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): 20,848
• Household income: $47,831
• Rent vs Own: 74.2% rent · 25.8% own
• Severe rent burden: 2017.0

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 (74%)
• Race & ethnicity: Black 74% White 18% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 2% Italian 1% Lithuanian 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% 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: ▼ -2.79%
• Current HPI: 136.6328
• Rent YoY: ▲ 3.53%
• 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

-21.5% since first listed

14 events — show timeline

• 2026-04-10 Price Changed $78,500 MiRealSource-MiMLS
• 2026-04-09 Price Changed $78,500 REALCOMP
• 2026-04-09 Relisted — REALCOMP
• 2026-04-09 Relisted — MiRealSource-MiMLS
• 2026-03-05 Listing Removed — REALCOMP
• 2026-03-05 Listing Removed — MiRealSource-MiMLS
• 2026-02-04 Price Changed $80,000 MiRealSource-MiMLS
• 2026-02-04 Price Changed $80,000 REALCOMP
• 2025-12-20 Price Changed $85,000 MiRealSource-MiMLS
• 2025-12-19 Price Changed $85,000 REALCOMP
• 2025-12-05 Price Changed $95,000 MiRealSource-MiMLS
• 2025-12-04 Price Changed $95,000 REALCOMP
• 2025-11-10 Listed $100,000 REALCOMP
• 2025-11-10 Listed $100,000 MiRealSource-MiMLS

Property tax history

+16.2%/yr

Latest (2025): $3,678 · +451.1% YoY. Source: county tax records.