Duplex
595-597 Belmont St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Condition / age +4.0/5.0
- Livability +3.7/5.0
- Rent growth +2.5/5.0
- Schools +1.7/10.0
- Appreciation +0.0/10.0
$169,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation - step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
Key facts
- Hardwood flooring
- Multifamily home
- Bright living room
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 3-bed/1.0-bath units multifamily listed at $170k. Condition is rated good.
- This rent per unit runs 37% of the median local income ($44k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Deal economics
- At list price, monthly cash flow is $959 ($12k/yr) — positive. Per door: $479/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $170k).
- Recommended offer: $150k (12.0% below list) — sets the bar for market timing.
- Cap rate 13.1% vs local median 9.9% 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: 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.
- Zoned schools: Golightly Education Center (math 24% / reading 24%, grade F, #980 of 1,397 statewide, top 74%, 351 students, 81% FRL); Southeastern High School (math 5% / reading 15%, grade F, #659 of 713 statewide, top 97%, 644 students, 87% FRL).
- Market conditions: 91 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 $1k of loan paydown is wiped out by about $5k 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 + 3.0% rent growth), your $48k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 181 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 2y ago; this cycle's ask has dropped $25k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1913 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.59% ✓
- Cap rate
- 13.07%
- Cash-on-cash
- 24.19%
- DSCR
- 2.08
- GRM
- 5.2
CMA / ARV
- ARV (median comp)
- $220,825
- List price
- $169,900
- Delta
- -23.06%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 9 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 539 Kenilworth St | 0.33mi | 6/2.0 | 2,244 (-5%) | 5mo | $60,000 | $27 | 71 |
| 613 Belmont St | 0.02mi | 6/2.0 | 2,121 (-11%) | 21mo | $253,200 | $119 | 64 |
| 552 Holbrook St | 0.61mi | 6/2.0 | 2,410 (+2%) | 19mo | $260,000 | $108 | 53 |
| 66 W Philadelphia St | 0.96mi | 6/2.0 | 2,562 (+8%) | 2mo | $319,000 | $125 | 50 |
| 142 Leicester Ct | 0.51mi | 6/2.0 | 2,574 (+8%) | 15mo | $102,000 | $40 | 49 |
| 141 - 143 Blaine St | 0.93mi | 6/2.0 | 2,589 (+9%) | 8mo | $130,000 | $50 | 43 |
| 2346 Carpenter St | 1.04mi | 5/3.0 (-1) | 2,352 (-1%) | 20mo | $225,000 | $96 | 38 |
| 2392 Neibel St | 1.04mi | 5/2.0 (-1) | 2,036 (-14%) | 20mo | $255,000 | $125 | 20 |
| 112 - 114 E Buena Vista St | 0.95mi | 5/3.0 (-1) | 2,800 (+18%) | 20mo | $215,000 | $77 | 15 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 17.5%
- Equity multiple
- 1.71×
- Total profit
- $33,580
- Equity at exit
- $25,333
- IRR
- 26.0%
- Equity multiple
- 3.27×
- Total profit
- $108,044
- Equity at exit
- $14,690
Cash invested: $47,572 (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
Active competition Active MLS
- For sale now
- 1 active · 1 under contract
- Months of supply
- 3.0 mo (33%/mo absorbed)
- Median asking
- $323,000 ($149/sqft)
- Median days on market
- 23 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -37.6% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 48202
- Active inventory
- 91
- Price-to-rent
- 10.5×
Monthly cashflow live
- Estimated rent
- $2,700 high interval (Pro) →
- Mortgage (P&I)
- −$891
- Tax est. 1.5%
- −$212 /mo · $2,548/yr
- Insurance
- −$71
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$567
- Net cashflow
- $959
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 3 | 1 | $2,700 |
| #1 | 3 | 1 | $1,350 |
| #2 | 3 | 1 | $1,350 |
| Total (2 units) | $2,700 | ||
Break-even live
Sensitivity live
| Price | -10% $1,076 | -5% $1,018 | +0% $959 | +5% $900 | +10% $841 |
|---|---|---|---|---|---|
| Rent | -10% $746 | -5% $852 | +0% $959 | +5% $1,066 | +10% $1,172 |
| Rate | -1.0pp $1,044 | -0.5pp $1,002 | base $959 | +0.5pp $915 | +1.0pp $870 |
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
- $42,475
- Closing costs
- $5,097
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 613 Belmont St Detroit, MI | 3.0 | 1.0 | 1100 | $1,350 | $1.23 | 38d | 1 | 0.02mi |
| 520 Englewood St Detroit, MI | 4.0 | 1.5 | 1086 | $1,575 | $1.45 | 42d | 1 | 0.22mi |
| 242 Englewood St Detroit, MI | 3.0 | 2.0 | 1500 | $1,725 | $1.15 | 30d | 1 | 0.30mi |
| 512 Westminster St Detroit, MI | 3.0 | 1.0 | 1389 | $2,400 | $1.73 | 0d | 1 | 0.32mi |
| 9429 Brush St Unit 1B Detroit, MI | 2.0 | 1.0 | 1500 | $1,523 | $1.02 | 93d | 1 | 0.35mi |
| 9429 Brush St Unit 2B Detroit, MI | 2.0 | 1.0 | 1500 | $1,323 | $0.88 | 9d | 1 | 0.35mi |
| 9429 Brush St Unit 1B Detroit, MI | 2.0 | 1.0 | 1500 | $1,423 | $0.95 | 9d | 1 | 0.35mi |
| 9426 John R St Detroit, MI | 2.0 | 1.0 | 1100 | $1,250 | $1.14 | 34d | 1 | 0.43mi |
| 641 Josephine St Detroit, MI | 2.0 | 1.0 | 1068 | $1,500 | $1.40 | 35d | 1 | 0.53mi |
| 156 Leicester Ct Apt 2 Detroit, MI | 3.0 | 1.0 | 1000 | $1,250 | $1.25 | 93d | 1 | 0.53mi |
| 9 Woodland St Detroit, MI | 1.0–2.0 | 1.0 | 637 | $1,150 | $1.80 | 42d | 5 | 0.54mi |
| 558 Holbrook St Detroit, MI | 4.0 | 1.0 | 1500 | $1,600 | $1.07 | 31d | 1 | 0.63mi |
| 11384 Nagel St Hamtramck, MI | 2.0 | 1.0 | 800 | $1,150 | $1.44 | 66d | 1 | 0.66mi |
| 11326 Saint Aubin St Unit 2 Hamtramck, MI | 2.0 | 1.0 | 800 | $950 | $1.19 | 8d | 1 | 0.70mi |
| 11326 Saint Aubin St Apt 1 Hamtramck, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 8d | 1 | 0.70mi |
| 70 Clairmount Ave Unit 2B Detroit, MI | 2.0 | 1.0 | 955 | $1,400 | $1.47 | 52d | 1 | 0.70mi |
| 426 King St Detroit, MI | 4.0 | 2.0 | 950 | $1,300 | $1.37 | 15d | 1 | 0.70mi |
| 557 Hague St Detroit, MI | 2.0 | 1.0 | 1250 | $1,400 | $1.12 | 93d | 1 | 0.78mi |
| 21 Hazelwood St Detroit, MI | 1.0–2.0 | 1.0 | 855 | $1,300 | $1.52 | 18d | 4 | 0.79mi |
| 2228 Norwalk St Hamtramck, MI | 2.0 | 1.0 | 866 | $1,149 | $1.33 | 64d | 1 | 0.81mi |
| 2315 Yemans St Hamtramck, MI | 2.0 | 2.5 | 1328 | $1,600 | $1.20 | 66d | 1 | 0.85mi |
| 2297 Florian St Unit 2297 Hamtramck, MI | 2.0 | 1.0 | 1500 | $1,250 | $0.83 | 73d | 1 | 0.89mi |
| 141 Gladstone Ave Apt 1E Detroit, MI | 3.0 | 1.0 | 920 | $975 | $1.06 | 39d | 1 | 0.91mi |
| 8416 Brush St Detroit, MI | 3.0 | 1.5 | 1200 | $2,200 | $1.83 | 42d | 1 | 0.91mi |
| 8410 Brush St Detroit, MI | 3.0 | 2.5 | 1300 | $2,200 | $1.69 | 46d | 1 | 0.92mi |
| 614 E Euclid St Detroit, MI | 3.0 | 1.0 | 1080 | $1,850 | $1.71 | 28d | 1 | 0.93mi |
| 614 E Euclid St Detroit, MI | 3.0 | 1.0 | 1400 | $1,850 | $1.32 | 39d | 1 | 0.93mi |
| 9441 Brombach St Unit 2348 Hamtramck, MI | 2.0 | 1.0 | 950 | $1,200 | $1.26 | 32d | 1 | 0.94mi |
| 9441 Brombach St Unit 2354 Hamtramck, MI | 2.0 | 1.0 | 1000 | $1,500 | $1.50 | 30d | 1 | 0.94mi |
| 68 E Philadelphia St Unit 1 Detroit, MI | 3.0 | 2.0 | 1000 | $1,750 | $1.75 | 42d | 1 | 0.95mi |
| 68 E Philadelphia St Unit 4 Detroit, MI | 3.0 | 2.0 | 1100 | $1,500 | $1.36 | 27d | 1 | 0.95mi |
| 68 E Philadelphia St Detroit, MI | 3.0 | 2.0 | 1000 | $1,750 | $1.75 | 93d | 1 | 0.95mi |
| 645 Gladstone Ave Unit 2W Detroit, MI | 2.0 | 1.0 | 720 | $1,050 | $1.46 | 42d | 1 | 0.96mi |
| 64 Glendale St Highland Park, MI | 4.0 | 1.0 | 1464 | $1,500 | $1.02 | 59d | 1 | 1.00mi |
| 159 Winona St Highland Park, MI | 3.0 | 1.0 | 1200 | $1,500 | $1.25 | 21d | 1 | 1.01mi |
| 719 Gladstone Ave Detroit, MI | 2.0 | 1.0 | 1200 | $1,750 | $1.46 | 69d | 1 | 1.02mi |
| 715 Gladstone Ave Detroit, MI | 2.0 | 1.0 | 1200 | $1,750 | $1.46 | 69d | 1 | 1.02mi |
| 2716 Belmont St Unit B Hamtramck, MI | 2.0 | 1.0 | 965 | $775 | $0.80 | 69d | 1 | 1.02mi |
| 1251 Glynn Ct Detroit, MI | 2.0 | 1.0 | 712 | $1,225 | $1.72 | 13d | 2 | 1.12mi |
| 36 Mount Vernon St Unit 6 Detroit, MI | 3.0 | 2.5 | 1485 | $2,300 | $1.55 | 0d | 1 | 1.13mi |
Listing history 42 events
-
2026-07-07days on market $169,900 Active 181 DOM
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2026-07-06days on market $169,900 Active 180 DOM
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2026-07-06days on market $169,900 Active 179 DOM
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2026-07-05days on market $169,900 Active 178 DOM
-
2026-07-03days on market $169,900 Active 177 DOM
-
2026-07-02days on market $169,900 Active 176 DOM
-
2026-07-01days on market $169,900 Active 175 DOM
-
2026-06-30days on market $169,900 Active 174 DOM
-
2026-06-29days on market $169,900 Active 173 DOM
-
2026-06-28days on market $169,900 Active 172 DOM
-
2026-06-27days on market $169,900 Active 171 DOM
-
2026-06-26days on market $169,900 Active 170 DOM
-
2026-06-24days on market $169,900 Active 168 DOM
-
2026-06-22days on market $169,900 Active 166 DOM
-
2026-06-21days on market $169,900 Active 165 DOM
-
2026-06-18days on market $169,900 Active 162 DOM
-
2026-06-17pricedays on market $169,900 Active 161 DOM
-
2026-06-15days on market $175,900 Active 159 DOM
-
2026-06-13days on market $175,900 Active 157 DOM
-
2026-06-13days on market $175,900 Active 156 DOM
-
2026-06-10status $175,900 Active 153 DOM
-
2026-06-09days on market $175,900 Active Under Contract 153 DOM
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2026-06-08days on market $175,900 Active Under Contract 152 DOM
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2026-06-07days on market $175,900 Active Under Contract 151 DOM
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2026-06-04days on market $175,900 Active Under Contract 148 DOM
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2026-06-03days on market $175,900 Active Under Contract 147 DOM
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2026-06-01days on market $175,900 Active Under Contract 145 DOM
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2026-05-31days on market $175,900 Active Under Contract 144 DOM
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2026-05-06historical Accepting Backup Offers 506-char remark
Show marketing remark (506 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation - step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
-
2026-05-05historical Active Under Contract 510-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
-
2026-04-17price $175,900 506-char remark
Show marketing remark (506 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation - step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
-
2026-04-16price $175,900 510-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
-
2026-03-27status Active 506-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
-
2026-03-27status Active 510-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
-
2026-03-06historical Accepting Backup Offers 506-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
-
2026-03-06historical Active Under Contract 510-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
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2026-02-12price $184,900 506-char remark
Show marketing remark (506 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation - step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
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2026-02-11price $184,900 510-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
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2026-01-07$194,900 Active 506-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
-
2026-01-07$194,900 Active 510-char remark
Show marketing remark (510 chars)
Welcome to this 2-unit multifamily home located in the City of Detroit, built in 1913 and offering a total of 2372 sq ft of living space. Each spacious unit features 3 bedrooms and 1 bathroom. Step inside to a bright living room filled with natural light and complemented by hardwood flooring throughout. The kitchens offer white cabinetry and ample space, ideal for everyday cooking and meal preparation—step outside to a decent-sized backyard, perfect for family gatherings, entertaining, or gardening.
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2024-04-04historical $1,200
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2024-01-09$1,200
ⓘ 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 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $32,400
- − Mortgage interest
- −$9,517
- − Property taxes
- −$2,548
- − Insurance
- −$850
- − Repairs & maintenance
- −$2,592
- − Management
- −$2,592
- − Depreciation
- −$4,943
- Taxable income
- $9,358
- Est. tax owed @ 24.0%
- −$2,246
- After-tax cash flow
- $9,260/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.
Condition & rehab AI · 12 photos
This 2-unit multifamily home in Detroit is in good condition with a fresh paint job and a well-maintained yard. It offers a good return on investment with potential for further improvements to enhance its curb appeal and value.
Value-add opportunities
- Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
- Both Landscaping the yard — A well-maintained yard can improve curb appeal and attract potential buyers/tenants. ↑
- Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers and increase the home's value. ↑
- Rental Adding a deck or patio — An outdoor space can increase rental income and attract tenants who value outdoor living spaces. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
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
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Detroit, MI
- County
- Wayne County · 1,675,273 people
- City population
- 572,865
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 15,780
- Household income
- $43,627
- Rent vs Own
- Severe rent burden
- 12% of renters
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- Black 60% White 26% Asian 6% Two or more races 4% Hispanic / Latino 3%
- Common ancestry
- Romanian 3% Slovak 1% Lithuanian 1%
- Foreign-born
- 8% · Canada, Vietnam
- Languages at home
- 90% English-only · Other Indo-European 3% Arabic 2% Spanish 2%
Political lean MEDSL · Wayne
- 2024 margin
- Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
- 2008→2024 swing
- -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
- All cycles
- 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -239.24%
- Current HPI
- 145.5509
- Rent YoY
- —
- Metro
- —
- State GDP YoY
- ▲ 1.37%
- F500 in state
- 28
Industry mix (Fortune 500 HQ in MI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Automotive Parts | 3 | $48B |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
|
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| Automotive Technology | 1 | $20B |
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Price history
+14558.3% since first listed14 events — show timeline
- 2026-05-06 Contingent — MiRealSource-MiMLS
- 2026-05-05 Contingent — REALCOMP
- 2026-04-17 Price Changed $175,900 MiRealSource-MiMLS
- 2026-04-16 Price Changed $175,900 REALCOMP
- 2026-03-27 Relisted — MiRealSource-MiMLS
- 2026-03-27 Relisted — REALCOMP
- 2026-03-06 Contingent — MiRealSource-MiMLS
- 2026-03-06 Contingent — REALCOMP
- 2026-02-12 Price Changed $184,900 MiRealSource-MiMLS
- 2026-02-11 Price Changed $184,900 REALCOMP
- 2026-01-07 Listed $194,900 REALCOMP
- 2026-01-07 Listed $194,900 MiRealSource-MiMLS
- 2024-04-04 Rental Removed $1,200 REALSOURCE
- 2024-01-09 Listed for Rent $1,200 REALSOURCE
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…