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8525 Maxwell Street Detroit, MI $ 550,000
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$ 550,000 Get more info
8525 Maxwell Street
$ 550,000
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Foreclosure
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8525 Maxwell Street

Detroit, MI, 48213
$ 550,000
Baths14.0 Sq 8,036

Monthly Estimate*

$ 3,431

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Studio

Multi-Family Home for sale in Detroit, MI

for $550,000 with 14 full baths. This 8,036 square foot home was built in 1927 on a lot size of 0.27.

Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit’s east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.

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Multi-Family Active

Price

$ 550,000

Bedrooms

Studio

Full Bath

14

Property Type

Multi-Family

Taxes

$ 30,249

Style

Common Entry Building

Lot Size

0.27

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251028912
Features
General
Sewer PublicSewer
Heating NaturalGas Steam
Possession AtClose
Garage Spaces 0.0
Architectural Style CommonEntryBuilding
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Call
Year Built 1927
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 MORE THAN ONE SUB INVOLVED
Garage Y/N N
Full Baths 14
Status Active
Directions S of Harper / E of Van Dyke
City DetroitCity_Wayne
Disclosures ActualIncome ExclusionsDoNotExist NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily Residential
Number Of Units Total 14
MLS Area Area05052Det6MackI75Conner
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 30249.0
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 Tenant
Tax Assessed Value 0
Expected Active Date 2025-08-19
Legal Description W MAXWELL S 244.14 FT OF N 457.10 FT OF LYG W OF & ADJ MAXWELL AVE & E & S OF PRESSLERS SUB S OF PRESSLER AVE AS OPENED N OF CURT AVE AS OP FRAC SEC 22 T 1 S R 12 E 17/- 244.14 X 47.73
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Exterior
Water Source Public
Foundation Details CrawlSpace
Spa N
Lot Dimensions 244.14X47.73
Lot Size Acres 0.27
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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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 8036.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 14
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Internal Only
Street Number 1 8525
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* Excluded Features
List By
J'Donovan Smith

Listing Agent

Golden Key Realty Group Llc

Broker

(313) 595-4331

Phone

Affordability Calculator

$5,952
Per Month
58%
42%
0%
Monthly Principal & Interest
$3,431
Monthly Property Taxes
$2,521
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/20/2025$550,000 Listed Price

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8525 Maxwell Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $550,000 with 8,036 sqft and a lot size of 0.27. 8525 Maxwell Street is a studio with 14.0 baths and was built in 1927. The property's zip code is 48213 which is in Detroit, MI

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