2210 Concord St · Detroit, MI 48207

$239,900

6 bd · 2.5 ba · 2,556 sqft · MultiFamily public records · 18 Days on market

Built 1912 3,485 sqft lot Est $199k · 20% over

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Why this score? — see what drove the C+ 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
• 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
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

This Islandview duplex is ideally situated just minutes from Belle Isle, the Riverwalk, the Villages, Eastern Market, and downtown Detroit. Blending historic character with thoughtful updates, the property offers strong potential for both investors and owner-occupants in one of the city's most rapidly evolving neighborhoods. Located near the growing “Little Village” corridor - home to destinations like The Shepherd art gallery and sculpture park - this is an opportunity to invest in the continued growth of Detroit's east side. Both units feature spacious living and dining areas, original architectural details, wood flooring, and abundant natural light throughout. Separate entrances, utilities, and private basement access for each flat add convenience and flexibility for future tenants or multi-generational living. The updated kitchens include butcher block countertops, built-in storage, new cabinetry, and wood floors. The property spans three finished floors, including a fully insulated and rehabbed third level as part of the upper unit featuring an expansive carpeted living space and a full bathroom with a vintage sink - ideal for an additional bedroom suite, studio, office, or bonus recreation area. Additional highlights include a new roof, new windows, and updated mechanicals and systems throughout. Conveniently located near East Village and Eastern Market, you're moments from local favorites including The Red Hook Cafe, Norm's Diner, Two Birds bar, Father Forgive Me, and Warda bakery. The Detroit Riverwalk and Downtown Detroit are also just minutes away and offer a wide variety of leisure & entertainment activities.

Key facts

• Thoughtful updates
• Historic character
• Separate entrances

Tags

• HISTORIC CHARACTER
• THOUGHTFUL UPDATES
• SPACIOUS LIVING AREAS
• ABUNDANT NATURAL LIGHT
• SEPARATE ENTRANCES
• PRIVATE BASEMENT ACCESS

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: On-street parking
• Security: Leased security system; Smoke detectors
• Utilities: Public water; Public sewer; Water and sewer available
• Home design: Residential income property (multi-family); Above-grade finished area approximately 2,556 square feet; Zoned for multi-family/residential
• Construction: Built with other construction materials; Brick/mortar foundation; Asphalt roof
• Exterior features: Covered porch; Paved road access; Sidewalks

Interior

• Kitchen: Gas water heater
• Bedrooms: Two 3-bedroom units (both unfurnished)
• Bathrooms: Three full bathrooms total; Units include 2 baths and 1 bath respectively
• Heating & cooling: Forced air heating with natural gas; No central cooling
• Interior features: Entrance foyer; Unfinished basement

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.5-bath units multifamily listed at $240k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $683/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $240k).
• Recommended offer: $236k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 10.2% in Detroit — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $3,614/mo this rent would consume 91% of the median local household income ($48k/yr) (locally 2017% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-2.8%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 $67k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $236,301 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1912 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 1.51% ✓
• Cap rate: 13.12%
• Cash-on-cash: 24.40%
• DSCR: 2.09
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $199,368
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2160 Concord St	0.04mi	5/2.0 (-1)	2,552 (-0%)	10mo	$270,500	$106	83
2465 Concord St	0.12mi	5/2.0 (-1)	2,514 (-2%)	5mo	$195,000	$78	80
2977 Canton St	0.31mi	6/2.0	2,730 (+7%)	5mo	$230,000	$84	68
3688 Concord St	0.65mi	6/2.5	2,566 (+0%)	4mo	$67,000	$26	66
2242 Concord St	0.03mi	5/3.0 (-1)	2,176 (-15%)	12mo	$280,000	$129	57
3665 Canton St	0.63mi	6/2.0	2,606 (+2%)	17mo	$70,000	$27	51
3631 Helen St	0.61mi	5/2.0 (-1)	2,860 (+12%)	15mo	$85,000	$30	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 18.8%
• Equity multiple: 1.78×
• Total profit: $52,102
• Equity at exit: $38,006

10-year hold

• IRR: 27.2%
• Equity multiple: 3.49×
• Total profit: $167,014
• Equity at exit: $24,604

Cash invested: $67,172 (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: 11.1×

Monthly cashflow live

• Estimated rent: $3,614 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$131 /mo · $1,575/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$759
• Net cashflow: $1,366

Break-even live

Break-even rent $1,885

Max offer price $239,900

Occupancy floor 57%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$3,614
Total (2 units)			$3,614

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-18
   days on market $239,900 Active 18 DOM
2. 2026-06-17
   days on market $239,900 Active 17 DOM
3. 2026-06-15
   days on market $239,900 Active 15 DOM
4. 2026-06-13
   days on market $239,900 Active 13 DOM
5. 2026-06-13
   days on market $239,900 Active 12 DOM
6. 2026-06-09
   days on market $239,900 Active 9 DOM
7. 2026-06-08
   days on market $239,900 Active 8 DOM
8. 2026-06-07
   days on market $239,900 Active 7 DOM
9. 2026-06-04
   days on market $239,900 Active 4 DOM
10. 2026-06-03
    days on market $239,900 Active 3 DOM
11. 2026-06-02
    days on market $239,900 Active 2 DOM
12. 2026-05-31
    remarks 663-char remark

    Show marketing remark (1691 chars)

    This Islandview duplex is ideally situated just minutes from Belle Isle, the Riverwalk, the Villages, Eastern Market, and downtown Detroit. Blending historic character with thoughtful updates, the property offers strong potential for both investors and owner-occupants in one of the city's most rapidly evolving neighborhoods. Located near the growing “Little Village” corridor - home to destinations like The Shepherd art gallery and sculpture park - this is an opportunity to invest in the continued growth of Detroit's east side. Both units feature spacious living and dining areas, original architectural details, wood flooring, and abundant natural light throughout. Separate entrances, utilities, and private basement access for each flat add convenience and flexibility for future tenants or multi-generational living. The updated kitchens include butcher block countertops, built-in storage, new cabinetry, and wood floors. The property spans three finished floors, including a fully insulated and rehabbed third level as part of the upper unit featuring an expansive carpeted living space and a full bathroom with a vintage sink - ideal for an additional bedroom suite, studio, office, or bonus recreation area. Additional highlights include a new roof, new windows, and updated mechanicals and systems throughout. Conveniently located near East Village and Eastern Market, you're moments from local favorites including The Red Hook Cafe, Norm's Diner, Two Birds bar, Father Forgive Me, and Warda bakery. The Detroit Riverwalk and Downtown Detroit are also just minutes away and offer a wide variety of leisure & entertainment activities.

13. 2026-05-31
    listed $239,900 Active 1 DOM

    Show marketing remark (1691 chars)

    This Islandview duplex is ideally situated just minutes from Belle Isle, the Riverwalk, the Villages, Eastern Market, and downtown Detroit. Blending historic character with thoughtful updates, the property offers strong potential for both investors and owner-occupants in one of the city's most rapidly evolving neighborhoods. Located near the growing “Little Village” corridor - home to destinations like The Shepherd art gallery and sculpture park - this is an opportunity to invest in the continued growth of Detroit's east side. Both units feature spacious living and dining areas, original architectural details, wood flooring, and abundant natural light throughout. Separate entrances, utilities, and private basement access for each flat add convenience and flexibility for future tenants or multi-generational living. The updated kitchens include butcher block countertops, built-in storage, new cabinetry, and wood floors. The property spans three finished floors, including a fully insulated and rehabbed third level as part of the upper unit featuring an expansive carpeted living space and a full bathroom with a vintage sink - ideal for an additional bedroom suite, studio, office, or bonus recreation area. Additional highlights include a new roof, new windows, and updated mechanicals and systems throughout. Conveniently located near East Village and Eastern Market, you're moments from local favorites including The Red Hook Cafe, Norm's Diner, Two Birds bar, Father Forgive Me, and Warda bakery. The Detroit Riverwalk and Downtown Detroit are also just minutes away and offer a wide variety of leisure & entertainment activities.

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

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,575 · $131/mo
• Projected year-2 tax: $2,635 · $220/mo
• Expected delta: +$1,060/yr (+$88/mo · 67.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,368
• − Mortgage interest: −$13,438
• − Property taxes: −$1,575
• − Insurance: −$1,200
• − Repairs & maintenance: −$3,469
• − Management: −$3,469
• − Depreciation: −$6,979
• Taxable income: $13,237
• Est. tax owed @ 24.0%: −$3,177
• After-tax cash flow: $13,212/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

+0.0% since first listed

2 events — show timeline

• 2026-05-31 Listed $239,900 REALCOMP
• 2026-05-31 Listed $239,900 MiRealSource-MiMLS

Property tax history

+15.0%/yr

Latest (2025): $1,575 · -50.0% YoY. Source: county tax records.