553 Belmont Street Detroit, MI $ 350,000
553 Belmont Street
$ 350,000
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553 Belmont Street

Detroit, MI, 48202
$ 350,000
Baths2.0 Sq 2,204

Monthly Estimate*

$ 2,155

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Studio

Multi-Family Home for sale in Detroit, MI

for $350,000 with 2 full baths. This 2,204 square foot home was built in 1910 on a lot size of 0.13.

THIS PROPERTY HAS BEEN APPRAISED FOR $350,000 WE CAN EMAIL YOU THE REPORT. Discover this beautifully renovated multifamily home in the heart of Detroit! This spacious property features two separate units, each offering 2 comfortable bedrooms and 1 full bathroom, making it an excellent option for multi-generational living, house hacking, or a solid investment opportunity. Both units have been recently remodeled, featuring fresh paint, updated flooring, and modern finishes throughout, creating a warm and inviting atmosphere. The kitchens are functional and stylish, perfect for everyday living or tenant use. As an investment property you can generate $1500 per month per unit. That's $36,000 gross annually! Whether you're looking to live in one unit and rent the other, or simply add a turnkey rental property to your portfolio, this home offers flexibility and income potential. Located in a growing area of Detroit, you'll be close to shopping, schools, public transportation, and major roadways, everything you need is just minutes away. Don’t miss this incredible chance to own a beautifully updated duplex in a city full of opportunity. Schedule your showing today! This property has an alarm and is being monitored and recorded via camera system.

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Multi-Family Active

Price

$ 350,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,119

Style

Colonial

Lot Size

0.13

Year Built

1910

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251013568

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Colonial
Pool Features None
Construction Materials VinylSiding
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Yes
Year Built 1910
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name MOORE HODGES & WARRENS SUB
Garage Y/N N
Full Baths 2
Status Active
Directions Off of Oakland or Brush Between Harmon and E Boston Blvd
City DetroitCity_Wayne
Disclosures ExclusionsDoNotExist ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 2119.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 21709
Expected Active Date 2025-07-04
Legal Description N BELMONT E 45 FT 75 MOORE HODGES & WARRENS L14 P13 PLATS W C R 3/119 45 X 125
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2204.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 45X125
Lot Size Acres 0.13
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 553
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* Excluded Features
List By
Sotero M Lopez II

Listing Agent

Exp Realty Main

Broker

(586) 863-3300

Phone

Affordability Calculator

$2,332
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,155
Monthly Property Taxes
$177
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/3/2025$350,000 Listed Price

Map


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553 Belmont Street, Detroit, MI, 48202 is a Multi-Family Home for sale at $350,000 with 2,204 sqft and a lot size of 0.13. 553 Belmont Street is a studio with 2.0 baths and was built in 1910. The property's zip code is 48202 which is in Detroit, MI